Vodafone Idea Merger Complete, Creates India’s Largest Operator

The over one and half year old merger process between Vodafone and Idea Cellular is finally completed. Both the companies made a joint statement on Friday, 31 August, 2018 as NCLT gives its nod for the Vodafone Idea merger.

“Today, we have created India’s leading telecom operator. It is truly a historic moment. And this is much more than just about creating a large business. It is about our Vision of empowering and enabling a New India and meeting the aspirations of the youth of our country. The “Digital India”, as our Honourable Prime Minister describes it, is a monumental nationbuilding opportunity. As Vodafone Idea, we are partnering in this initiative by building a formidable company of international repute, scale and standards,” said Kumar Mangalam Birla, Chairman Aditya Birla Group and Vodafone Idea Limited.

With the closure of the merger, the new entity, Vodafone Idea Limited, becomes the largest telecom operator in India with 408 million combined subscriber base as of june 2018.

Aditya Birla Group Chairman Kumar Mangalam Birla is the Chairman of the new entity with Balesh Sharma as its CEO. The merged company has 12 directors with 6 independent directors.

In terms of subscriber base, Vodafone Idea Limited or VIL has 408 million customers, the highest in the country and enjoys a market share of 41.1% In terms of RMS or revenue market share, the entity is having a 32.2% share and also the biggest in the market. The company claims it is the market leader in 9 telecom circles in RMS terms out of total 22

“As India’s leading telecom operator with two popular and loved brands, the company has the scale and resources to ensure sustainable customer choice and introduce new technologies. We are committed to offer both our retail and enterprise customers an excellent experience while fulfilling their evolving digital and connectivity needs via new products, services and solutions. We will offer them more network coverage, more value and more excitement. My team and I look forward to your continuing support and invite you to enjoy the Vodafone Idea experience,” said Balesh Sharma, CEO, Vodafone Idea Limited.

With the Vodafone Idea merger completed, India has now three private pan India operators -Airtel, VIL and Jio – and one PSU operator – BSNL.

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