Vodafone reveals bright Idea for tackling Jio in India

The second and third largest Indian operators have formally announced a merger that seems designed almost entirely to counter the threat from Reliance Jio.
Vodafone India and Idea Cellular admitted they were in talks at the end of January and have taken a couple of months to dot the Is and cross the Ts. It is being positioned as a 50/50 merger although Vodafone’s stake is slightly larger, both in terms of revenues and subscribers. The combined entity will have almost 400 million subscriber