September 6th, 2018 12:45 PM 33 COMMENTS

Vodafone Idea Merger: Bharti Infratel Said to Take an Annual Hit of Rs 780 Crore

Bharti Infratel, the telecom arm of Bharti Airtel has said that its consolidated revenue, including that from Indus Towers, is expected to take a hit of around Rs 780 crore on an annual basis, thanks to the exit of Vodafone and Idea Cellular from co-located mobile towers. Following the completion of Vodafone-Idea merger, the companies have served exit notices to Bharti Infratel and its subsidiary Indus Towers from 27,447 co-located... Read More

July 19th, 2018 11:47 AM 4 COMMENTS

DoT Looking into Idea Vodafone Merger: Telecom Secretary

Vodafone and Idea on the way to their merger have hit a roadblock in the form of DoT’s demands which the department has raised for pending dues. Regarding this, Aruna Sundararajan, Telecom Secretary said that there is a difference of opinion between the companies and the department. She also said that the DoT is “looking into” the issue. During an event organised by CUTS International, Aruna Sundararajan said "They (the... Read More

July 18th, 2018 6:40 PM 42 COMMENTS

Good News! Vodafone-Idea Merger Will Not Be Delayed as Everyone Expected

After the Department of Telecommunications (DoT) did not take into consideration of Idea Cellular and Vodafone India’s demand of rethinking the estimate for repayment of dues, both the merging companies have decided to pay the remaining amount to the department under protest. People aware of the matter have also said that Vodafone and Idea might most likely contest the demand raised by DoT in the Supreme Court. It was decided... Read More

April 23rd, 2018 12:06 PM 1 COMMENTS

Idea Cellular Seeks Increased FDI in the Company from DIPP

Idea Cellular has proposed for granting the company with 100% Foreign Direct Investment (FDI) to Department of Industrial Policy and Promotion (DIPP). This new information comes into the light after Idea Cellular and Vodafone India have announced their plans of merging into a single entity, which will emerge as India’s biggest telecom operator. After the announcement of this merger, both the companies have gone forward with the step and made significant progress... Read More

April 16th, 2018 11:42 AM 23 COMMENTS

Vodafone and Idea Merger Will Lead to Massive Layoffs

In a rather shocking development, Vodafone-Idea merger will reportedly lead to massive layoffs. The ongoing merger process of Vodafone India and Idea Cellular might lead to loss of about a fourth of the telcos’ combined 21000 strong workforce, reports ET. The companies have been advised by the nodal team heading the merger to shed as many as 5000 employees. Idea and Vodafone currently employ around 11,000 and 10,000-plus people, respectively.... Read More

April 6th, 2018 11:47 AM 29 COMMENTS

DoT Likely to Approve Idea Cellular and Vodafone India Merger by the End of this Month

The Department of Telecom (DoT) is likely to approve the merger between Idea Cellular and Vodafone India by the end of this month. An anonymous official said in his statement to ET “The final approval should come within this month.” When this approval is passed, the Idea and Vodafone merged entity will become the largest data carrier in the country in terms of market share and subscribers. As we're already... Read More

March 27th, 2018 5:46 PM 28 COMMENTS

Idea-Vodafone Merger in the Last Step of Clearance: Aruna Sundararajan

India's second and third largest telecom operators- Vodafone India and Idea Cellular's merger proposal is in the final stages of approval as told by Telecom Secretary Aruna Sundararajan on Tuesday. "The Idea-Vodafone merger is in the final stages of approval. Because they have got the NCLT (National Company Law Tribunal) and SEBI (Securities and Exchange Board of India) clearances, but there are some FDI (Foreign Direct Investment) approvals that are... Read More

March 22nd, 2018 7:00 PM 51 COMMENTS

Vodafone, Idea Says The Future is Exciting, Announces New Leadership Team of the Combined Business

The biggest merger in the Indian telecommunications history between Vodafone India and Idea Cellular is expected to complete in the next few weeks. Post the merger, we will have a new leading telecom operator in the country. Anticipating the merger to be done by the end of first half of 2018, Vodafone Group and Aditya Birla Group today announced the proposed leadership team of the merged entity, which will come... Read More

January 18th, 2018 9:32 PM 28 COMMENTS

Vodafone-Idea Merged Entity May Offer Stock Options to Top Execs; Finalising Salary Structures for All Employees: Report

Vodafone India and Idea Cellular's merged entity may offer stock options to top executives. According to a report by the Economic Times, the stock options may include restrictive stock units and preferential shares besides regular employee stock options, even as both the companies have reportedly hired Aon, a global HR consulting company, to set the salary structures of all employees, including the top team. The senior management in Vodafone India... Read More

December 6th, 2017 5:20 PM 23 COMMENTS

Vodafone Idea Merger Happening Sooner than Expected in April 2018: Report

The merger between UK-based telecom operator, Vodafone India with Idea Cellular, is inching closer and will likely happen as early as March-April next year. According to an article in the ET Telecom, a Bank of America-Merrill Lynch report noted that Idea Cellular management expects all approvals for the merger to come in by March/April 2018. This is in contrast to Vodafone Group CEO Vittorio Colao’s statement which had suggested September... Read More

October 16th, 2017 11:06 AM 10 COMMENTS

Idea Shareholders Approves the Proposed Merger of Vodafone-Idea

Idea Cellular' shareholders have now approved the proposed merger of Vodafone and Idea, according to a regulatory filing of Aditya Birla group. In a meeting held on October 12, 2017, 99% of Idea shareholders gave a nod in favour of the merger. This news was reported by Press Trust of India (PTI). Currently, both Vodafone and Idea Cellular are looking for approval from the National Company Law Tribunal (NCLT) on... Read More

August 11th, 2017 10:38 AM 1 COMMENTS

Idea Merger: Vodafone Restructured Commercial Team by Promoting Key Executives

Ahead of its proposed merger with Idea Cellular, Vodafone India has reportedly restructured its commercial team by promoting some key executives, following the exit of the chief commercial officer Sandeep Kataria. The telco is also changing the reporting structure for its commercial team, according to a report by the Economic Times. “People have also been given promotions, keeping in mind their Idea counterparts...he objective is to give meaty roles to... Read More

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