Spice telecom

Idea hot on Spice merger

Indian operator Idea Cellular is reportedly close to striking a buyout of smaller rival Spice Telecom, valuing the firm at around $1bn. Spice is 51 per cent owned by industrialist B K Modi, with Telecom Malaysia holding the remaining 49 per cent. Idea is owned by the Aditya Birla Group.Idea had around 14.5 million subscribers […]

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