The merger deal between Idea Cellular and
Spice Telecom that could have paved the way for consolidation in the telecom sector has been called off due to disparities in price. Idea, present in 11 circles out of country’s 23, was eager to expand its footprints in terms of its subscriber base, but retraced its steps because of the price being demanded by Spice Telecom. It’s learnt that Spice was citing roughly twice the value of the company, which was deemed unrealistic by Idea. According to officials there is no question of reviving the talks even after the Spice IPO hits the market.
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Spice Telecom that could have paved the way for consolidation in the telecom sector has been called off due to disparities in price. Idea, present in 11 circles out of country’s 23, was eager to expand its footprints in terms of its subscriber base, but retraced its steps because of the price being demanded by Spice Telecom. It’s learnt that Spice was citing roughly twice the value of the company, which was deemed unrealistic by Idea. According to officials there is no question of reviving the talks even after the Spice IPO hits the market.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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