Major India telecoms merger for A&O
21 March 2017
Allen & Overy has advised Idea Cellular Ltd (Idea) on the international aspects of the merger between Idea and Vodafone India announced on 20 March 2017.
The USD23 billion merger transaction will create India’s largest mobile telephone operator, with over 400 million customers and a 35% market share.
Finance partner Sanjeev Dhuna, who led on the deal, said: "This is a ground breaking transaction for India's highly competitive telecoms industry. Our involvement underlines our strong ties with Indian corporates. This follows on from the widely publicised GBP2bn investment by Volcan in the world’s largest mining company, Anglo American, a deal on which we also advised.”
The A&O team was led by London finance partner Sanjeev Dhuna, with Corporate partner Tom Levine and supported by senior associates Jagannath Iyer and Dominic Long.
The transaction will close during 2018.
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