Updated: Spice Telecom, Idea Cellular Merger On The Cards?

Updated Below

The Economic Times speculates based on unnamed sources that a merger between Spice Telecom and Idea Cellular could be on the anvil. The sources seem to suggest that either of the companies could be the buyer and with talks in early stages the deal could take anywhere between 8 months to a year. Sources of the business daily claim Telekom Malaysia, which holds 49% in Spice Telecom (the BK Modi group holds 51%) is eager to expand its footprint in India and make some acquisitions to expand Spice

loading

Comments have been disabled for this post