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Saturday, January 28, 2017

Idea Cellular's shares rocket amid merger speculations

The share price of Idea Cellular has spiked by over 15% since January 18 on the back of rising speculation of a possible merger between the Aditya Birla Group company and British giant Vodafone, which would create India's largest telecom company. 

It would also represent the biggest consolidation yet in an industry that has been under heightened margins pressure following the aggressive entry of Reliance Jio.


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