Two become one: Vodafone will own 45.1% of the merged entity.
MUMBAI: Britain's Vodafone Group will merge its Indian subsidiary with local rival Idea Cellular within two years, Idea said.
Vodafone will own 45.1% of the merged entity, after it transfers about 4.9% to promoters of Idea and/or their affiliates for 38.74bil rupees (RM2.6bil) in cash, Idea said.
