VODAFONE IDEA LIMITED- AN ADITYA BIRLA GROUP AND VODAFONE GROUP PARTNERSHIP.

Vodafone Idea Limited - An Aditya Birla Group and Vodafone Group, became operational as India’s leading telecom service provider with a subscriber base of over 408 million.

                       Now Vodafone Idea Limited is India’s largest telecom service provider with over 408 million subscribers, #1 RMS in 9 circles, broadband network of 340,000 sites, widest distribution reach with 1.7 million retail outlets. Both Vodafone and Idea brands to continue.         

                      Mr. Kumar Mangalam Birla is appointed as the Chairman of Vodafone Idea Limited. Mr. Balesh Sharma is appointed as the new CEO of the Vodafone Idea Limited.

               

                        It now has 32.2% of Pan India Revenue Market Share and it has No. 1 position across 9 circles. It has more than 3,40,000 broadband sites (3G+4G) covering 840 million Indians. Both Vodafone and Idea brands, which have strong consumer affinity across metro, urban, rural and deep interior markets, will continue to operate.

 

                       The Merger of Vodafone Idea Limited is expected to generate Rs. 140 billion annual synergy, including opex synergies of Rs. 84 billion, equivalent to a net present value of approximately Rs. 700 billion.

                       On the occasion of the merger, Mr. Kumar Mangalam Birla, Chairman Aditya Birla Group and Vodafone Idea Limited, said, “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 nation- building opportunity.  As Vodafone Idea, we are partnering in this initiative by building a formidable company of international repute, scale and standards.”

                      Welcoming customers to India’s leading telecom network, Mr. Balesh Sharma, CEO, Vodafone Idea Limited, said, “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.”

                          

                 The merger brings together Vodafone India and Idea Cellular, two of India’s leading operators who played a key role in making mobile the most popular mode of communication and drove the telecom revolution across the country. The combined company is designed to be agile, digitally savvy and future fit. It is a professionally run world class organization, combining the best from both Vodafone India and Idea Cellular. The company is committed to create a truly ‘Digital India’ by enabling millions of citizens to connect, join the digital revolution and build a better tomorrow. It will accelerate India’s progression towards a digital economy with a portfolio of quality products and services on offer under both its popular and loved brands - Vodafone and Idea.

                   In addition to superior quality voice and data service experience, customers will enjoy a variety of digital services and solutions including mobile payments, Internet of Things (IoT), advanced enterprise offerings and entertainment, conveniently accessible via digital channels as well as extensive on-ground presence through ~15,000 branded outlets and ~1.7 million retail touchpoints across the country. Vodafone Idea will continue to invest in developing world-class infrastructure and introduce newer and smarter technologies - IoT, high speed and secure leased lines, digital wallets, MIMO and cloud services. As the trusted partner for Indian enterprises, it will empower businesses with future-ready products and services to help them scale up, become more efficient and tap new, emerging opportunities in the digital era.

                      The Company draws on support from its two largest shareholders – Vodafone Group  and Aditya Birla Group – to drive excellence and value creation from this merger.

                         

                    Hey guys what do you think about the merge ? Will it be profitable ? 

Please us know in the comments section below . 

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