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What happened between Vodafone and Idea?
On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1\% stake in the combined entity and Aditya Birla Group holds a 26\% stake.
Does idea still exist?
Idea was a pan-India integrated GSM operator and had 220.00 million subscribers as of June 2018. Idea Cellular merged with Vodafone India and now both companies called Vodafone Idea or Vi….Idea Cellular.
| Type | Public |
|---|---|
| Traded as | BSE: 532822 NSE: IDEA |
| Industry | Telecommunications |
| Founded | 1995 |
| Defunct | 31 August 2018 |
What is Vodafone old name?
Vodafone India (formerly Vodafone Essar Ltd, Huchison Essar Ltd) was the Indian subsidiary of UK-based Vodafone Group plc and was a provider of telecommunications services in India with its operational head office in Mumbai.
When will the new Vodafone-Idea merger take place?
The name of the new merged company will also be decided later. Vodafone and Idea anticipate that the merger completion will take place during the 2018 calendar year. Prior to completion of the transaction, Vodafone and Idea intend to sell their standalone tower assets.
What do you need to know about the Aditya Birla-Vodafone merger?
Here are 10 things you need to know about this merger: In the beginning, Vodafone will be a dominant partner in the merged entity with 45.1\% stake after it will transfer a stake of 4.9\% to the Aditya Birla group for Rs 3,874 crore in cash to complete the merger.
Will Idea Cellular and Vodafone India be the biggest telecom company?
Vodafone India and Idea Cellular decided to have a merger of equals. Vodafone and the Aditya Birla Group will have a joint control of this combined company. Once you combine the Vodafone and idea customers, the merged entity could be the biggest telecom company in India.
Is Vodafone’s business worth more than idea?
However, an independent valuation of the two businesses suggests Vodafone’s business is worth more. The assessment suggests Vodafone India’s business is worth Rs 82,800 crore, while Idea’s business is valued at Rs 72,200 crore. Analysts are positive about a merger of two large companies.