Idea Cellular is India’s No. 3 mobile phone carrier service provider. Idea Cellular has denied report on mega merger talks with Vodafone. There was a talk in the market about mega merger of Idea Cellular with its rival company Vodafone. But on Tuesday, Idea Cellular cleared with strongly denial of news report of mega merger.
Spokeswomen of Idea Cellular called the CNBC TV18 and cleared the talks of mega merger “baseless and absolutely false”. While the spokesman for Vodafone India which is India’s No.2 operator by market share had declined to comment anything on the merger report.
This is not first time when any mobile company going to merger with another. India is world’s second biggest mobile phone market but there is very tough competition between companies. In addition to this competition, Mukesh Ambani, India’s richest man has all set to launch telecom Venture-Reliance Jio in upcoming months. Currently, Reliance Jio is providing unlimited 4G internet with unlimited STD, local calls with unlimited SMS to their clients on testing basis. Because of Reliance Jio 4G service, both Idea Cellular and Vodafone are struggling with their data revenue.