Idea Cellular and Spice Mobile to Merge
Idea offers mobile services based on the GSM (Global System for Mobile Communications) standard in seven service areas. The deal gives Idea entry into two additional service areas, Punjab and Karnataka, which account for 11 percent of India’s total number of wireless subscribers, Idea said. Spice had 4.4 million subscribers in the two markets as of April 30, it added.
The Indian mobile market is booming, and added 8.21 million subscribers in April. A number of companies are interested in expanding their presence in the country. Vodafone Group, for example, acquired a majority stake in Hutchison Essar, a large Indian network operator and services provider, that was later renamed as Vodafone Essar. Earlier this year, India’s Tata Teleservices announced an agreement to launch services under the Virgin Mobile brand in India. Taken from http://www.pcworld.in/news/index.jsp/artId=5046331