Mergers & Acquisitions Mergers & Acquisitions

Vodafone cuts stake in troubled Indian JV to make way for government rescue package

By Freny Patel
  • 08 Feb 2023 05:57
  • 08 Feb 2023 05:57
Vodafone has reduced its stake in Vodafone Idea to make way for the Indian government’s shareholding in the debt-ridden joint venture, in response to a bail-out push by authorities that alleviates concerns around whether the telecom industry would remain a three-player market to operate alongside state-owned Bharat Sanchar Nigam.
The

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Freny Patel

Correspondent


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

Discover MLex

Stay on top of global regulatory developments

Latest News