Vodafone Acquires 100 Percent Stake in Vodafone India

By April 11th, 2014 AT 1:11 PM

Vodafone today officially announces that it has acquires 100 percent stake in its Indian unit Vodafone India (VIL).

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In March 2014, Vodafone completed the acquisition of indirect equity interests in VIL held by Analjit Singh and Neelu Analjit Singh, taking its stake to 89.03% of VIL. Today Vodafone acquired the remaining 10.97% of VIL from Piramal Enterprises Limited. The combined cash consideration for both transactions was INR 10,142 crores (£1.0 billion1).

The Foreign Investment Promotion Board of India approved both acquisitions on 20 February 2014, following receipt of the approval of the Cabinet Committee on Economic Affairs.

Since Vodafone acquired its original interest in India from Hutchison in 2007, VIL’s customer base has grown around 550%, from 30 million to just over 164 million customers. VIL is a truly pan-Indian business, operating in all 22 circles and providing employment to nearly 100,000 people directly and indirectly across the country.

Vodafone India Journey 1995 to 2014

There are now over 7,800 Vodafone stores and mini stores throughout India and the company’s operations support a distribution chain of over 1.6 million small businesses and recharging outlets. VIL is also opening a number of new “Angel” stores, which are run and managed exclusively by women.

Vodafone continues to invest heavily in its network and since 2007 the company has built more than 95,000 base stations – taking the total to over 120,000 units – which has extended coverage to 83% of the country. In the same period, VIL has contributed over INR 70,000 crores to the Indian Exchequer.

In addition to the rapid roll-out of telecommunications and internet connectivity, VIL has recently launched M-Pesa to bring financial inclusion to the hundreds of millions of Indians who remain unserved or underserved by the established banking system. The service, which enables money to be securely transferred between mobiles, is seeing good take-up and Vodafone has already attracted over a million registered customers, enrolled over 50,000 agents and launched M-Pesa in 19 circles.

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RahulRamaSSidea88Souradip Recent comment authors
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SS
SS

Don’t do it unless you face network related problems like sudden no service, fluctuations, etc. You would be wasting your money!

idea88
idea88

@rama, darshan can i make request to aircel or loop mobile to get H5 H6 SIM ??? how much i have to pay fr it?? will data speed will increased???

Rama
Rama

*Bro I am not much into telecom so if u have any telecom related queries then don’t ask me but if you have any tech related doubts then I can help.

*Darshan or SS or Sarah might help u out with this.

SS
SS

Oh dear! They are hardly giving H5, H6 SIM to postpaid users and it would be near impossible to get for a prepaid. The higher H sims are more optimised but as per my experience you may not experience any speed change in H1 and H5 SIM. Yeah, connectivity may be reliable but not a big change. 🙂

idea88
idea88

@ss then which sim type can give better net speed from h1 to h6??? . i have prepaid n postpaid sim. they could give me for prepaid or postpaid??? i am ready to pay 100-200 if they charged to me. I @Rama which better app to increase net/voice signal for Android???

Rama
Rama

*There are so many apps but I personally use Android Signal Booster.

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