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Vodafone Idea, in acronym Vi, is an Indian telecommunications company, headquartered in Mumbai and Gandhinagar. [ 6 ] [ 7 ] [ 8 ] It is an all-India integrated GSM operator offering mobile telephony services.
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 ...
On 5 December, Vodafone Group Plc sold the remaining 3.05% stake permanently exiting the company. The stake sale will be used to pay $101 million owed to indian banks & the remaining money will be used to subscribe to preferred shares of Vodafone Idea which will be used to reduce vi's outstanding debt with Indus Towers.
Vodafone chief Margherita Della Valle said the decision “creates a new force in the UK’s telecoms market and unlocks the investment needed to build the network infrastructure the country ...
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Merged into Idea Cellular [17] Hutch Essar: 1999 Acquired by Vodafone to form Vodafone India: Axiata Spice Communications: 1992 Merged into Idea Cellular [18] S Tel: 2012 Licence cancelled by the Supreme Court of India: Etisalat: 2010 [19] 2012 Licence cancelled by the Supreme Court of India [20] BPL Mobile (Loop Mobile) 1995 2014
The consulting firm Russell Reynolds, which also tracks CEO changes, said high turnover shows growing risk appetites and "a desire for leaders who can navigate increasing complexity in the macro ...