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 […]
