Idea Cellular merger: 12 things you need to know about Vodafone

Market Live Sensex Nifty lower on profit booking Idea up 15% on Vodafone merger

Jio has made an impact with free voice calls and cut-price data services, forcing India's three biggest operators - Bharti Airtel (BRTI.NS), Vodafone and Idea - to slash prices and accept lower profits.

"The combined company would become the leading communications provider in India with nearly 400 million customers, 35 per cent customer market share and 41 per cent revenue market share", it added.

"We will have the opportunity to create a very strong management team, thanks to the combined expertise of both companies, he said".

Idea and Vodafone said the merged entity will be jointly controlled by Vodafone and the Aditya Birla group as per shareholders' agreement.

Colao also said the merger makes possible synergies of Dollars 10 billion.

The company said that it will issue an aggregate number of equity shares of the new company to Vodafone India Ltd equal to 47% of the post issue paid-up capital.

Theresa May Will Trigger Article 50 Next Wednesday
Next Wednesday, the government will deliver on that decision and formally start the process by triggering Article 50. Actual negotiations might not start until June, they added.

As far as the appointments of CEO and COO, both the companies should approve the choice. Kumar Mangalam Birla will be the new chairman of the merged entity, while Vodafone will appoint the CFO.

Vodafone India will be deconsolidated by Vodafone and reported as a joint venture post-closing, reducing Vodafone Group's net debt by around Dollars 8.2 billion.

The combined Vodafone-Idea group would have nearly 400 million customers, or 35 percent market share, with an implied enterprise value of 828 billion rupees ($12.66 billion) for Vodafone and 722 billion rupees for Idea.

Following the transaction, Vodafone will take control of 45.1 percent of the combined company, after selling a 4.9 percent stake in the new entity to billionaire Kumar Mangalam Birla's holding companies. The scheme of amalgamation includes Vodafone India (VIL) and its wholly-owned subsidiary Vodafone Mobile Services (VMSL) merging with the new company. The merger makes possible synergies of United States dollars 10 billion, Colao added. Its shares were trading up 0.06 per cent at Rs 347 per scrip at the BSE, while Reliance Communications was down by 0.39 per cent at Rs 38.10 per share. In order to get the decision executed, the companies will require shedding some spectrum and subscribers to make sure that the regulatory approvals under the competition rules in India are complied with.

Undercutting rivals in such a competitive markets left few options but to cut costs through mergers, with Bharti Airtel - the country's largest telecoms operator - having also recently agreed to buy Norwegian firm Telenor's Indian arm.

Related News:

  • Nicki Minaj Surpasses Aretha Franklin for Most Hot 100 Hits Among Women

    Nicki Minaj Surpasses Aretha Franklin for Most Hot 100 Hits Among Women

    Next week, I'll beat Aretha for the most Hot 100 hits on billboard by ANY woman in the world EVER in the history of music". Parris Goebel is mixing with big names again, this time dancing for Jason Derulo and Nicki Minaj.
    Bomb threat forces evacuation of Gorham High School

    Bomb threat forces evacuation of Gorham High School

    Update 12:32 p.m.: Lafayette High School has been reopened after it was evacuated Monday morning following a bomb threat. Students and staff were immediately evacuated and the police department was called.
    Nektar Opioid Drug Does Well In Study (NKTR, EGLT)

    Nektar Opioid Drug Does Well In Study (NKTR, EGLT)

    The Next Quarter EPS growth is 0%, Long term annual growth estimate of -0.27%, Annual EPS growth past 5 years of -13.29 percent. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
  • Federal Realty Investment Trust (NYSE:FRT) Moves Up 6.12% For The Week

    The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . State Street Corp boosted its stake in shares of Lexington Realty Trust by 5.3% in the fourth quarter.

    Tech Sector Movers: Splunk Inc. (SPLK), Finisar Corporation (FNSR)

    The stock of Western Alliance Bancorporation (NYSE:WAL) earned "Market Perform" rating by Wells Fargo on Thursday, September 1. The High Revenue estimate is predicted as 377 Million, while the Low Revenue Estimate prediction stands at 369.17 Million.
    Germany rejects Trump claim: 'There is no debt account at NATO'

    Germany rejects Trump claim: 'There is no debt account at NATO'

    The NATO alliance does not have membership fees. "Americans can not care more for your children's security than you do". During her trip to Washington, Ms Merkel reiterated Germany's commitment to the two percent military spending goal.
  • Sean Spicer snaps at reporter for disagreeing Manafort had 'limited role'

    Sean Spicer snaps at reporter for disagreeing Manafort had 'limited role'

    The talking point on leaks mirrored those of several Republicans grilling Comey and National Security Agency Director Michael S. Spicer said reporters have jumped to conclusions and falsely assumed in some instances that the president was golfing.
    Analysts Estimates And Ratings The Coca-Cola Company (KO)

    Analysts Estimates And Ratings The Coca-Cola Company (KO)

    It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. Kellogg Company (NYSE:K) have shown a high EPS growth of 35.80% in the last 5 years and has earnings growth of -26.20% yoy.
    The Samsung Galaxy S8 will come in three colors

    The Samsung Galaxy S8 will come in three colors

    The Samsung Galaxy S8 will arrive with headphones of the brand, but by its appearance is not easy to know how they will sound. The fake Galaxy S8 has a sleek design with a heavy and thick chassis along with slots for SIM and MicroSD card.
  • Nationwide recall of edamame sold at Publix

    Nationwide recall of edamame sold at Publix

    It can also be fatal to the elderly, those with chronic medical conditions and people with weakened immune systems. Consumers are urged to not consume the product and instead return it to the place of purchase for a full refund.
    Police officer injured, patrol auto  'heavily damaged' after being hit

    Police officer injured, patrol auto 'heavily damaged' after being hit

    The vehicle was pulled out near the Washington Street bridge about 90 minutes later after it had floated for about a half mile. For the second time in less than a week, a vehicle has plunged into the Kalamazoo River in downtown Battle Creek .
    Sesame Street introduces new muppet, Julia - their first autistic character

    Sesame Street introduces new muppet, Julia - their first autistic character

    And then it turns into a game where they're all jumping like her. "It's tricky, because autism is not one thing". In a 60 Minutes overtime clip , Leslie Stahl speaks to Rollie Krewson, a puppet designer known as "Elmo's mom".

Most liked

Toddlers skip sleeping for bedroom pillow party
Watch the insane all-night slumber party that Andrew and Ryan had below. One boy climbs out of his crib and the other quickly follows. However, the party is far from over.

Microsoft Translator app to be deprecated on older Windows platforms this week
Vista and Windows 8 taught Microsoft harsh lessons about involving and engaging with its user base. According to NetMarketshare , Windows Vista has a 0.78 percent market share amongst desktop users.

'No evidence of collusion' between Trump campaign, Russian Federation
Former intelligence chief "James Clapper and others stated that there is no evidence Potus colluded with Russian Federation ". Other congressional committees also are investigating the possible Russian connection, mostly behind closed doors.

Kidnapping Victim Says Insulin Pump Helped Her Escape
Alsabah said the man was trying to withdraw more money than was in the account and was becoming frustrated. She then waited for her captor to get back into the auto so she could escape at the right moment.

South Koreans angered as ousted president leaves dogs behind
Hwang had emerged in opinion polls as a top conservative candidate even though he had not declared an intention to run. She said the dogs would continue to stay at the presidential palace until they are ready to be sent to new owners.

Notable Price Swings: Gold Standard Ventures Corporation (NYSEMKT:GSV)
Gold Standard Ventures Corp shares increased 6.91 percent over the past week and fell -4.01 percent over the previous month. A total of 31.1 million shares exchanged at hands and its average trading volume is standing at 0.94 million shares.

Belgium captain Eden Hazard pulls out of squad due to injury
The former Player of the Year has not travelled with the Belgium squad during the worldwide break. 'But he will not play against Greece.

Federal Bureau of Investigation director Comey shoots down Trump's wiretap claims
Trump tweeted Monday: "The Democrats made up and pushed the Russian story as an excuse for running a awful campaign". Comey has been invited to testify, along with the director of the National Security Agency, Michael Rogers.

Company Stock Price of QTS Realty Trust, Inc. (QTS) Decreases -1.46%
According to their observations and findings, the stock could provide a high EPS of $0.07/share and a Low EPS of $0.06/share. Neuberger Berman Group LLC increased its position in shares of Physicians Realty Trust by 5.2% in the third quarter.

USA version of Top Gear on the way from BBC America
The last attempt at an American spinoff, Top Gear USA , aired for five seasons on History before it got cancelled last June. Of course, the one and only Stig, Top Gear's mysterious test driver, will be leaving everyone in his petrol-hazed wake.

Do Enjoy This Flight Attendant's Flawless Re-enactment of Britney's "Toxic" Video
Now excuse us as we watch this baby, and the video that inspired it, one (or 100) more times . One Instagram user called Aradzaliwhere said: "Can I sign up to be Air Asia's crew".

Children exposed to opioids lead to calls for help every 45 minutes
Calls about teenagers and young adults were mostly due to intentional exposures, such as suicide attempts or drug abuse. Also, his team's data doesn't account for all exposures to opioids, only the ones resulting in calls to poison control.

Minnesota Timberwolves sign forward Omri Casspi
The Wolves had to make some type of move to replace Nemanja Bjelica , whose season recently ended thanks to a foot injury. The Minnesota Timberwolves agreed to terms on Sunday with free agent forward Omri Casspi, according to multiple reports.

Trump OKs changes in GOP health care bill, winning support
Trump's deal with lawmakers would let states impose work requirements on some of Medicaid's roughly 60 million recipients. While the rapid-fire events seemed to build momentum for the pivotal GOP legislation, its fate remained clouded.

Brexit process to be formally triggered on March 29
The European Commission is ready to begin Brexit negotiations on Britain's withdrawal from the European Union, a spokesman said. May has previously said that she would start the Brexit process "by the end of March ", therefore she has met her commitment.