
[Update] – Kumar Mangalam Birla will be chairman of the merged company, and Vodafone will appoint a CFO.
Couple of months after Vodafone confirming merger talks with Aditya Birla Group’s telecom arm Idea Cellular, Board of Directors of Idea Cellular at its meeting held today, 20th March have approved amalgamation of Vodafone India Limited (VIL) and its wholly owned subsidiary Vodafone Mobile Services Limited (VMSL) with Idea. The combined market share of both the telecom operators add up to 43%, making it the largest telecom firm, surpassing Airtel.
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