Good morning: Is Vittorio Colao’s Indian nightmare finally drawing to a close? The chief executive of Vodafone has struck a deal this morning to combine its Indian business with Idea, a local rival. The merger will create India’s largest telecoms operator, with almost 400 million customers and 35 per cent market share. Vodafone announced in January that it was in talks with Kumar Mangalam Birla, the Indian businessmen who controls Idea, about a merger of their operations to cope with a brutal price war. In February Vodafone blamed “intensive commercial…

Source: The Times March 20, 2017 08:48 UTC