Idea Cellular Ltd’s

Merger with Idea signals Vodafone’s shrinking interest in India

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Vodafone investors have been recommending an exit from India.

Although Vodafone appears to have chosen the middle path, investors in the merged company might well view this shrinking interest as a sign of lesser interest in the Indian market’s prospects. Photo: Hemant Mishra/Mint
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India: R-Com buys Sistema; over to Reliance Jio to make it count

Reliance Communications Ltd (R-Com) is acquiring Sistema Shyam Teleservices Ltd’s wireless business for equity worth Rs.2,100 crore. It has also committed to paying Sistema’s liabilities to the government, the present value of which is Rs.2,400 crore. These look like extremely high valuations for Sistema’s loss-making operations, and the deal will… Read more »