Post Tagged with: "vodafone-idea merger"

Vodafone Idea Merger Complete, Creates India’s Largest Operator

Vodafone Idea Merger Complete, Creates India’s Largest Operator

August 31, 2018 at 12:18 pm 0 comments

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 aRead More

Why Vodafone-Idea Merger Is Not A Big Deal

Why Vodafone-Idea Merger Is Not A Big Deal

July 31, 2018 at 9:52 am 0 comments

On paper, probably, its a big deal – that India’s No.2 and No.3 operators got merged to create a single entity. The new operator created out of Vodafone-Idea merger, of course, boasts of a subscriber base of 408 million – the highest – whereas the current No.1 – Bharti AirtelRead More

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

July 30, 2018 at 6:47 pm 0 comments

Aditya Birla Group owned Idea Cellular today posted a net profit of Rs 257 crore in its first quarter of 2019 after reporting losses in last 6 consecutive quarters. However, this increase of its bottomline is not because of surge in revenue or margins but because of one time saleRead More

Indian Telecom Services Industry In 2017 : Disruptions Like Never Before

Indian Telecom Services Industry In 2017 : Disruptions Like Never Before

June 4, 2018 at 9:08 am 0 comments

Within just a matter of 12 months, the country that appeared crowded with 12 telecom operators, suddenly shrunk to four, and the deck was reshuffled to make place for the new operator The Year 2017 was a monumental year for the Indian telecom services industry. No industry in history has ever beenRead More

Vodafone India Completes Sale of Tower Business To ATC

Vodafone India Completes Sale of Tower Business To ATC

April 3, 2018 at 12:59 pm 0 comments

Vodafone India, which is inches short of closing its merger deal with Idea Cellular, on Tuesday completed one more step towards that goal. It has completed the sale of its standalone tower business to ATC for Rs 3850 crore. “Further to the announcement dated 13 November 2017, Vodafone India hasRead More

Vodafone-Idea Announce New Leadership Team

Vodafone-Idea Announce New Leadership Team

March 22, 2018 at 7:02 pm 0 comments

Vodafone and Idea Cellular are in a merger discussions for over a year and, today, both the companies have jointly announced the new leadership team of the new entity. Though the new entity has not been named yet or no date has not been announced for the closure of theRead More

Aircel Mostly Blamed Jio For Its Bankruptcy

Aircel Mostly Blamed Jio For Its Bankruptcy

March 1, 2018 at 1:40 pm 0 comments

Aircel, once among the top 6 telecom services providers in India, has filed for bankruptcy. In a statement on Wednesday the firm and its two other business units informed that they have approached National Company Law Tribunal and have filed an application under Section 10 of the Insolvency and BankruptcyRead More

Jio Offers Fastest 4G Speed In 17 Circles, Airtel In 2

Jio Offers Fastest 4G Speed In 17 Circles, Airtel In 2

December 4, 2017 at 3:02 pm 0 comments

Reliance Jio, the newest telecom operator that launched its 4G services just over a year back, is now offering fastest 4G speed in 17 telecom circles out of total 23 circles. In contrast, the oldest 4G operator, Bharti Airtel tops in just 2 circles and ranks number 3 among theRead More

Vodafone Revenue At Rs 19,000 Cr, Down By 16%; Blames GST, New And Old Telcos

Vodafone Revenue At Rs 19,000 Cr, Down By 16%; Blames GST, New And Old Telcos

November 14, 2017 at 2:38 pm 0 comments

Vodafone India, the Indian arm of Vodafone Plc today announced its financial results for the first half period of fiscal 2018 and posted revenues of Rs 19,002 crore, a drop of 15.8% over the same period a year ago. The company has attributed this decline to multiple factors that includedRead More

Vodafone-Idea Merger Inching Closer; Application Filed In NCLT

Vodafone-Idea Merger Inching Closer; Application Filed In NCLT

August 8, 2017 at 5:28 pm 0 comments

The biggest merger in the Indian telecom space, the Vodafone-Idea merger, is inching closer and the Aditya Birla funded firm is clearing one hurdle after another. The latest being the company’s application in National Company Law Tribunal or NCLT seeking approval. Idea today said it has filed an application NCLTRead More