IDEA NA VODAFONE NU THASHE JODAN: BANSHE SAUTHI MOTI COMPANY
Telecom operator Idea board has approved merger with Vodafone. Idea said that if the new company has a 54% stake in Vodafone, Idea will have a 6% stake. Idea Company also said that Vodafone will transfer about 4.9% of the stake to Idea promoters. It is believed that this is the biggest deal in the telecom industry. The new company after merger will become the largest company in the telecom sector, which will have 38 crore subscribers. Idea and Vodafone's annihilation process will complete next year. Going forward, the Aditya Birla Group and Vodafone's share will fall.
Vodafone and Idea will become the new company after the company becomes India's largest telecom company. At present, Indian Airtel is the country's largest company.According to sources, the CEO and CFO are seeking both positions in the company after Vodafone merger. It does not matter to announce Kumar Mangalam Birla as the chairman of a new company. Merger will be completed by 018. Idea and Vodafone promoters will have the right to nominate 3-3 directors. Both CEOs and COO will jointly select.
Revenues from the merger of Vodafone and Idea will go up to Rs 77, 500 crores and Rs 80,000 crores. With that he will become the country's largest company. Both of these joint ventures will put Airtel and Reliance Jio behind. Vodafone India is the second-biggest company with 0.04 crore subscribers and Idea Cellular is the third largest company with 18.77 crore subscribers. The combined customers of these two will be 38 crores.
According to sources, the Vodafone India spectrum and spectrum of Idea in the seven circles, whose permit is completed in R1-R, the combine value is Rs.12,000 crores as per the previous auction price. This new company has a 43% share of the mobile market. In the second half, Airtel will have 33% and Reliance Jio will have 13% stake.
