Idea – Spice Merger Complete; Telekom Malaysia To Hold 14.99% Stake
The deal is finally over with, Idea has bought the Modi’s 40.80 stake in Spice Communications at Rs 77.30 a share. The stake, valued at Rs 2,175 crore will see a non-compete fee of Rs 544 crore paid to the Modi’s. Additionally, Telekom Malaysia will not hold more than 20% stake in the new entity according to Idea Chairman, K.M. Birla, in this ET report. Idea plans to to spend Rs 10,000 crore ($2.3 billion) over two years and the company does not plan any further acquisitions. Our previous coverage with details on merger here.
hi,
Acc.to my point of view this merger can be very helpful for the idea cellular to acquire a largest market share. & providing the good coverage and facilites to the cuutomer.this will also help the company to survive in the highly cmptititive environment.
Thanks & Regards
Mohit Aggarwal
MBA (HRM & Mt.)
Yamunanagar.
please arrenge to spice s 7 mobile display give me replay by mail