Vodafone-Idea merger will be positive for industry: Report
The merger between telecom majors Vodafone and Idea will be credit positive for the telecom sector, India Ratings said. Even though Reliance Jio will continue to cause problems in the near-term, the merger may help improve the return on capital employed by 3%, it said. Further, the entity’s subscriber base would be over 38 crore or 37% of the industry. 