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Idea/Spice merger creates new player in India

India’s fifth-largest mobile operator Idea Cellular has acquired smaller rival Spice Communications in a combined stock and share deal potentially worth 32.4 billion rupees (US$757 million), according to Bloomberg. Idea has acquired a 41 percent stake in the business from MCorpGlobal Communications at 77.30 rupees a share and will make an offer for a further 20 percent at the same price – a premium of around 41 percent on Spice’s most recent share price, says Bloomberg.

Gartner predicts Indian M&A boom in 2009

The Indian mobile market will be the focus of a wave of merger and acquisition activity in 2009 with at least two new players entering the market, according to a new study by Gartner.

Indian trio seek excess GSM spectrum

TeleGeography, citing a Business Standard article, reports that Tata Teleservices (TTSL), Reliance Communications and Idea Cellular have approached India’s Department of Telecommunications with a request for additional GSM spectrum.

NSN extends IDEAs data services reach

Indian mobile operator IDEA Cellular has chosen Nokia Siemens Networks to upgrade its network in 22 telecom service areas. NSN will add GPRS capability to ten of IDEA’s service areas and expand it in 12 others.