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New Deal


Announced

Completed

Idea Cellular completed its merger with Vodafone India in a $23bn deal.

Financials

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Transaction Value£18,552m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobile telecommunications

Mobile

India

Disposal

Reverse Takeover

Private

Friendly

Merger

Acquisition

Completed

Single Bidder

Majority

Synopsis

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Idea Cellular, an Indian telecom operator, completed its merger with Vodafone India in a $23bn deal. The merger brings together the two of India’s leading operators who played a key role in making mobile the most popular mode of communication and drove the telecom revolution across the country. "As India’s leading telecom operator with two popular and loved brands, the company has the scale and resources to ensure sustainable customer choice and introduce new technologies. We are committed to offer both our retail and enterprise customers an excellent experience while fulfilling their evolving digital and connectivity needs via new products, services and solutions. We will offer them more network coverage, more value and more excitement. My team and I look forward to your continuing support and invite you to enjoy the Vodafone Idea experience," Balesh Sharma, Vodafone Idea CEO.

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