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Vodafone Bullish About Indian M&A Opportunities

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Vodafone has indicated that it is positive about the expected industry consolidation within the Indian mobile market once the merger and acquisition regulations are finalised.

The company's head of its Indian operations, Marten Pieters said that there are too many loss making mobile networks that are in too much debt to continue for the long term.

"There are currently about a dozen players, with many of them making losses," Pieters told the Economic Times in an interview.

He declined to comment on whether Vodafone will be a buyer of smaller networks, although it has been regularly linked recently to rumours of a takeover bid for Tata Teleservices.

"For consolidation an operator would need to take into account the infrastructure and assets best fit and the debt burden and liabilities and tower contracts of the other operators", Pieters added.

On the web: Economic Times

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Tags: vodafone  India