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Friday 31 August 2018

Voda-Idea Largest merger in telecom sector


Largest merger in telecom sector
NEW DELHI: The news that the leading telecom firm Idea has merged with Vodafone for the past few days has finally ended the news. Idea Cellular integration in Vodafone is complete. Now called Vodafone Idea. With Idea integrated with Vodafone, India has the highest number of customers. The company said that Vodafone has 408 million users,


The newly established Vodafone Idea Limited has 12 board directors, including six independent directors. Kumar Mangalam Birla is the chairman and Balesha Sharma is the CEO of the company, a joint statement released by the company said. With two telecoms firms combined, the revenue share will be 32 per cent of the market. Vodafone Idea is the number one in top 9 telecom circles. Vodafone Idea Ltd has come up with compatibility with Bharti Airtel and Reliance JIo

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