Idea Cellular buys Escotel

19 Jan 2004

AT&T Wireless-owned Indian cellco Idea Cellular has purchased its smaller rival Escotel for INR3.5 billion (USD77 million), marking increased consolidation in the fast-growing market. The acquisition of Escotel’s 826,000-strong subscriber base takes Idea’s total number of customers to around 3.2 million.