authors
Dr. Fauzia Nafees

abstract
The telecommunication sector has witnessed increased mergers and acquisitions since 2017. This transformation has led to severe competition in the industry. The research work focuses on the merger deal that happened between Telecommunication companies Idea cellular and Vodafone India highlighting the changed strategies adopted by them. This paper also provides a comprehensive view of the current financial position of the company as of 2023. The deal was officially announced on 20th March 2017 for total of $23 billion. The merger changed the market dynamics entirely and Idea-Vodafone became market leader with maximum number of subscribers and left Airtel on second position. The merger deal took place due to various reasons but major reason behind this deal was entry of Reliance Jio. The financial statements of both companies before and after the merger helped in deriving interpretations and findings to understand where Voda-Idea stands today.