Confirm! Vodafone India merges with !dea cellular to create a record
Vodafone India, one of the largest cellular companies in India with approximately 180 million customers has confirmed that It is merging with Idea Cellular, which has approximately 200 million customers. This information is true, as it is confirmed by the CEO of Vodafone, on 20th March. Both the Telecom companies agreed that they are going to have a merge. Before this, we should know that Vodafone is the world's second largest Telecom company.
In order to beat Airtel in India, with almost 250 million customers, Vodafone and Idea are merging together. To beat Airtel's 250 million mark, both the companies after merging will have more than 380 million customers, which will be the highest in India.
After the completion of this merger, Vodafone will own approx. 45% and the rest will be of Idea.
This merger could lead to create a great company with almost 400 million customers, which is the greatest in India.
The reason behind this Merger is not clear, but from the surroundings, it is clear that reduction in call, data and other rates by reliance JIO has forced these companies to merge together.
As, after JIO has applied its happy new year offer, these companies were forced to reduce their call, data and other rates and get low profit. This created a digital conflict in India.
From latest news about this, it is clear that Idea will appoint the chairman of the merged company and vodafone will appoint the cheif financial officer.
The other cheif executive officer or the cheif operating officer will require the approval of both the companies.
To know more Read this article from TheTimesOfIndia.
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| Vodafone | Photo Credit - Jonathan Oakley | Flickr - license |
After the completion of this merger, Vodafone will own approx. 45% and the rest will be of Idea.
This merger could lead to create a great company with almost 400 million customers, which is the greatest in India.
The reason behind this Merger is not clear, but from the surroundings, it is clear that reduction in call, data and other rates by reliance JIO has forced these companies to merge together.
As, after JIO has applied its happy new year offer, these companies were forced to reduce their call, data and other rates and get low profit. This created a digital conflict in India.
From latest news about this, it is clear that Idea will appoint the chairman of the merged company and vodafone will appoint the cheif financial officer.
The other cheif executive officer or the cheif operating officer will require the approval of both the companies.
To know more Read this article from TheTimesOfIndia.