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Vodafone-Idea Cellular merger: New entity to be competitive, says Nick Read

This will most likely be the last visit to India for Vittorio Colao as the Vodafone Group CEO as he prepares to pass on the baton to Read

Vodafone Idea
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Vodafone Idea

Kiran Rathee New Delhi
A day after the Department of Telecommunications' (DoT's) conditional approval for the Vodafone India-Idea Cellular merger, top executives of the UK-based telecom giant said on Tuesday the merged entity would remain competitive in the Indian market.

Vodafone Group CEO Vittorio Colao and CEO-designate Nick Read met Telecom Minister Manoj Sinha as well as Secretary Aruna Sundararajan. After the meetings, Read said they were happy to receive the letter and that the company would remain competitive after its merger with Idea Cellular.

Vodafone and Idea Cellular though cannot operate as one company till they pay more than Rs 72 billion to

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