Vodafone India and Idea Cellular have finalised a merger deal, creating India’s largest telecom company. In one of the most competitive markets in the world, Reliance Jio, upon its arrival, completely changed it. This forced telecom giants Vodafone India and Aditya Birla group firm Idea Cellular to merge in order to thrive and compete. Together they have created the country’s largest telecom service provider which can boast of a customer base of more than 394 million.
The merger is said to increase competition in the telecom space where players are in a tussle to increase revenue and subscriptions. It is the competitive pressure which has created the alliance between Idea and Vodafone. In order to get the decision executed, the companies will require shedding some spectrum and subscribers to make sure that the regulatory approvals under the competition rules in India are complied with. If you are an Idea Cellular and Vodafone subscriber here are ten things you should know about the deal:
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The merger is expected to be completed in 2018.