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Mumbai: British mobile phone giant Vodafone said on Monday that it was in talks to merge its Indian unit with Idea Cellular in a move that would create India’s largest telecoms company.
The confirmation ended months of speculation that the two operators were exploring a deal to help fend off Reliance Jio whose recent arrival shook up India’s ultra-competitive mobile network market.
It also sent Idea shares soaring by a whopping 29.2 percent on the Bombay Stock Exchange (BSE).
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