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As of 30 September 2024, Vi has a subscriber base of 212.45 million, [10] making it third largest mobile telecommunications network in India and 12th largest mobile telecommunications network in the world. [11] Vodafone Idea was created on 31 August 2018 by the merger of Vodafone India and Idea Cellular. [12]
This process is widely implemented in the Philippines and India so that any person can be a prepaid load retailer, creating a nationwide availability of reloading stations, even in remote areas. Credit purchased for a prepaid mobile phone may have a time limit – for example, 120 days from the date the last credit was added.
M-PESA was launched in India [49] as a close partnership with ICICI bank in November 2011. [50] Development for the bank began as early as 2008. Vodafone India had partnered with both ICICI and ICICI bank, [51] ICICI launched M-Pesa on 18 April 2013. [52] Vodafone had planned to roll out this service throughout India. [53]
It was announced in March 2017 that even Idea Cellular and Vodafone India would be merged. The merger got approval from Department of Telecommunications in July 2018. On August 30, 2018, National Company Law Tribunal gave the final nod to the Vodafone-Idea merger [ 1 ] The merger was completed on 31 August 2018, and the newly merged entity was ...
Vodafone India was the Indian subsidiary of UK-based Vodafone Group and was a provider of telecommunications services in India with its operational head office in Mumbai. [2]As of March 2018, Vodafone India had a market share of 21%, [3] and with its merger with Idea, the collective Vodafone Idea network has approximately 375 million subscribers and is the third largest mobile ...
The deal valued Vodafone India at the equivalent of $12.6 billion and Idea Cellular at the equivalent of $11.02 billion. The deal would enable Vodafone to move its Indian subsidiary off its balance sheet, cutting the British group's net debt by the equivalent of almost $8.25 billion. [100]
Closed User group (CUG) is a supplementary service provided by the mobile operators to mobile subscribers who can make and receive calls from any member associated within the group.
Settlement of funds happen in real-time, i.e. money is debited from payer's bank account and credited in recipient's bank account in real-time. UPI service works 24x7, including weekends and holidays. This is slowly becoming a very popular service in India and is processing monthly payments worth approximately $10 billion as in October 2018. [60]