idea cellular

Vodafone is unlikely to proceed with the planned flotation of its Indian unit after entering negotiations to sell the assets to Idea Cellular.

Aditya Birla telecommunications company Idea Cellular acquires control of Spice Communications in a cash and share deal that gives Spice shareholder Telekom Malaysia a strategic stake in the post-merger entity.

The private equity firm pays $640 million to buy 20% of Aditya Birla Telecom, an Idea Cellular subsidiary.

A consortium of private equity investors, led by Providence Equity Partners, has paid around $550 million for a 25% stake in Idea Cellular.