New Delhi: The merger of Vodafone India Ltd and Idea Cellular Ltd is set to be completed ahead of time in 2018, the companies said on Tuesday. At present, Bharti Airtel leads the mobile telephony segment in the country with 23.59% market share in terms of mobile subscriber base. Post merger, Vodafone, with market share of 17.86%, and Idea with a market share of 16.62% will eclipse the Sunil Mittal-led firm. The merged entity will have almost 400 million users and a 35% market share in terms of customers. The deal gives Vodafone India an implied enterprise value of Rs82,800 crore and Idea an enterprise value of Rs72,200 crore.

Source: Mint July 25, 2017 16:30 UTC