Vodafone Confirms Merger Talks With Idea Cellular

Mumbai: British mobile phone giant Vodafone said on Monday that it was in talks to merge its Indian unit with Idea Cellular in a move that would create India's largest telecoms company. The confirmation ended months of speculation that the two operators were exploring a deal to help fend off Reliance Jio whose recent arrival shook up India's ultra-competitive mobile network market. It also sent Idea shares soaring by a whopping 29....