- Earlier this year, Vodafone India, Idea decided to merge their operations
- Merged entity to be worth over $23 billion with 35% market share
- Merger process goes through various stages, says Vodafone India CEO
On the timeline for completion of the merger, he said it will happen by 2018.
Earlier this year, Vodafone India and Idea Cellular had agreed to merge their operations to create the country's largest telecom operator worth more than $23 billion with a 35 per cent market share.
The combined entity of Vodafone India and Idea Cellular, which are currently India's number 2 and 3, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market.