IDEA CELLULAR

Idea bought Spice to consolidate its market share

 

 by Bharat Ratna

  • Idea cellular bought 40.8% stake of Spice Telecom for Rs.2,716 Crores which was fourth largest in Indian Merger & Acquisitions.

  • This deal gave Idea Cellular another 44-lakh subscribers of Spice Communications in Punjab and Karnataka circles in addition to owned 2.6-crore subscribers in 11 circles.

  • Idea Cellular would get hold of crucial spectrum of licences recently got by Spice for operations in four more circles including Delhi, Tamil Nadu and Andhra Pradesh.

  • The ‘Spice’ brand will be phased out over six months in the two circles.

The Birla group c

Which of the Birla Groups in India is most valuable? – Part 4

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Sundaramurthy Vadivelu

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In this last part of article series let us discuss about the Aditya Birla group. The group manages the following companies in India.

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