SoftBank denies interest in Vodafone-Idea Cellular merged co | business-news | Hindustan Times
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SoftBank denies interest in Vodafone-Idea Cellular merged co

Japan’s SoftBank Group on Thursday denied it was in talks with Vodafone Plc’s Indian unit and Idea Cellular to pick up a stake in a potential merger between the two Indian wireless carriers.

business Updated: Feb 23, 2017 18:07 IST
Masayoshi Son, President and CEO of Japan's Softbank Corp.
Masayoshi Son, President and CEO of Japan's Softbank Corp.(AFP)

Japan’s SoftBank Group on Thursday denied it was in talks with Vodafone Plc’s Indian unit and Idea Cellular 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.”