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Vodafone India will be deconsolidated by Vodafone on announcement and reported as a joint venture post- closing, reducing Vodafone Group net debt by approximately INR552 billion (US$8.2 billion) and lowering Vodafone Group leverage by around 0.3x Net Debt/EBITDA4.
Vodafone Idea was created on 31 August 2018 by the merger of Vodafone India and Idea Cellular. On 20 September 2020, the two separate brands Vodafone India and Idea Cellular rebranded as Vodafone Idea (Vi).
Vodafone India was the Indian subsidiary of UK-based Vodafone Group and was a provider of telecommunications services in India with its operational head office in Mumbai. [2] As of March 2018, Vodafone India had a market share of 21%, [3] and with its merger with Idea , the collective Vodafone Idea network has approximately 375 million ...
Vodafone Idea is jointly controlled by Vodafone and the Aditya Birla Group. The Chairman of the Board of Vodafone Idea is Kumar Mangalam Birla and the Board has appointed former Vodafone India COO, Balesh Sharma, as the CEO. The merger creates India’s leading telecoms operator, with nearly 408m customers.
In many ways, the Vodafone story tells you a few things about the Indian market. The days of dirt-cheap data may be over as tariffs rise, but the country remains a price sensitive market.
Vodafone has completed the merger of its Indian mobile business with local rival Idea Cellular, creating the country’s biggest telecoms operator with more than 400m customers. The deal was ...
Vodafone to combine its subsidiary Vodafone India (excluding its 42% stake in Indus Towers) with Idea, which is listed on the Indian Stock Exchanges. Highly complementary combination will create India’s largest telecoms operator
