The Vodafone-Idea merger got one step closer, as UK-based Vodafone sold its mobile tower business to ATC, that will soon purchase towers held by Idea.
Vodafone and Idea, the second and the third largest operators in the country, recently announced the new leadership team of the merged entity that will have Kumar Mangalam Birla at the helm as the non-executive Chairman.
Telecom secretary Aruna Sundararajan has said that the Vodafone-Idea merger is in the final stages of approval.
As Vodafone and Idea look to complete the merger of their companies by June, they released the names of KM Birla as Chairman and Balesh Sharma as CEO of the joint entity.
A Deutsche Bank report has shown that the Vodafone-Idea merger will benefit the most from the spectrum payment relief offered by the government.
Airtel and Idea have filed a petition against the latest TRAI regulations, claiming that Reliance Jio violates norms and indulges in predatory pricing.
The issue allocation is about 56 per cent and 44 per cent to Indian and foreign investors, respectively, a press release from Idea said.
Birla TMT, Elaine Investments, Oriana Investments — the controlling shareholders of Idea Cellular — have recently invested Rs 3,250 crore to strengthen the company’s balance sheet prior the planned merger with Vodafone India.
Idea and Panasonic have partnered to offer cashback on the Panasonic P100. Here are the details.
Foreign investors hold around 27 per cent stake in Idea, as per shareholding pattern of the company till December 2017.
The firm’s Ebitda declined 18.5% q-o-q to Rs 1,223 crore, while the Ebitda margins came in lower by 130 bps
Idea Cellular’s Magic Cashback offer will give customers up to Rs 3,300 for all prepaid recharge of Rs 398 or more. Idea Cellular’s cashback offer comes after Jio previously announced similar schemes
The board of Idea Cellular has approved raising about Rs 3,250 crore from the entities under the Aditya Birla group by issuing 32.66 crore equity shares on a preferential basis.
The total number of telecom subscriptions dipped in October, even though mobile operators saw a growth in subscriber base.
Idea Cellular has now introduced a Rs 509 recharge pack for the Delhi-NCR region, which has a validity of 84 days and comes with a daily quota of 1GB data for users