SoftBank denies interest in Vodafone-Idea Cellular merged company | Reuters

MUMBAI Japan's SoftBank Group (9984.T) on Thursday denied it was in talks with Vodafone Plc's (VOD.L) Indian unit and Idea Cellular (IDEA.NS) to pick up a stake in a potential merger between the two Indian wireless carriers.SoftBank's denial follows a report in The Economic Times newspaper that the Japanese firm was looking to pick up a stake in a Vodafone-Idea merged company, citing four unidentified people aware of developments.' We would like to categorically deny SoftBank's participation in the alleged Vodafone, Idea Cellular merger in India,' a SoftBank spokeswoman said. 'We underline that we have held no such discussions and media reports about the same are baseless and unsubstantiated.' (Reporting by Sankalp Phartiyal; Editing by Rafael Nam)

Reuters February 23, 2017 16:06:02 IST
SoftBank denies interest in Vodafone-Idea Cellular merged company
| Reuters

SoftBank denies interest in VodafoneIdea Cellular merged company
 Reuters

MUMBAI Japan's SoftBank Group (9984.T) on Thursday denied it was in talks with Vodafone Plc's (VOD.L) Indian unit and Idea Cellular (IDEA.NS) to pick up a stake in a potential merger between the two Indian wireless carriers.SoftBank's denial follows a report in The Economic Times newspaper that the Japanese firm was looking to pick up a stake in a Vodafone-Idea merged company, citing four unidentified people aware of developments." We would like to categorically deny SoftBank's participation in the alleged Vodafone, Idea Cellular merger in India," a SoftBank spokeswoman said.

"We underline that we have held no such discussions and media reports about the same are baseless and unsubstantiated."

(Reporting by Sankalp Phartiyal; Editing by Rafael Nam)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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