Idea, Spice Merger Talks Could Be Off

After days of speculation about a deal being on, comes talk that merger discussions between Idea Cellular and Spice Telecom could actually be off, according to this report in the Business Standard. The paper quotes sources “close to the development” as saying that the two companies were not able to agree on valuation terms and the future management structure of the merged entity. However, these developments will not hinder Spice Telecom’s IPO, the article said.

Will this mean that Aircel Cellular, which according to a Mint report earlier this week was in talks with Idea and Spice for a three way merger, is not in the running as well or will it try to tie the knot with either one of them?

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