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BRIEF-India's Idea exec says deal with Vodafone consistent with country's telecoms M&A rules
March 20, 2017 / 6:38 AM / 9 months ago

BRIEF-India's Idea exec says deal with Vodafone consistent with country's telecoms M&A rules

March 20 (Reuters) - India’s Idea Cellular and Vodafone Plc:

* Vodafone exec says deal consistent with India telecoms M&A rules

* Idea exec says founders buying extra stake from Vodafone will not be funded by any listed Aditya Birla Group Co

* Vodafone exec says need to shed a small amount of spectrum

* Vodafone exec says pending income tax demand has nothing to do with current deal

* Idea exec says there will be many exciting opportunities for both Idea and Vodafone employees, don’t see significant job cuts

* Vodafone exec says both brands i.e. Idea and Vodafone to continue Further company coverage: (Reporting By Devidutta Tripathy and Sankalp Phartiyal)

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