You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Idea, Voda to stay separate brands

DNMUM385264 | 3/21/2017 | Author : Raveena Singh | WC :467

  • Packaged Content
  • Idea, Voda to stay separate brands

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.

Post merger, Vodafone will own 45.1%, Idea 26%, and public shareholders the remaining; Birla to chair merged entity

Mumbai: Two months after the news first surfaced on the potential merger between Aditya Birla Group-led Idea Cellular and British multinational telecommunications major Vodafone, the final board nod came on Monday with a surprise element. For one, both the brands will continue to operate and leverage under the merged entity, said Vodafone Group Plc CEO Vittorio Colao.
“We have six circles, wherein we exceed the number of customers. As soon as Jio starts charging, we’ll see what the real market share is. We have one year after completion to reach that (revenue) number,” Colao said.
Kumar Mangalam Birla, chairman of Aditya Birla Group and Idea Cellular Ltd, will be the chairman of the merged entity as well. “The transaction will b
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

Associated Content with this story:

Sachin Pilot
DNJAI3639
Add To Lightbox
Calculate Price
Sachin Pilot
DNJAI3640
Add To Lightbox
Calculate Price
Kapil Sibal
DNMUM254881
Add To Lightbox
Calculate Price
Chandra Prakash
DNMUM80275
Add To Lightbox
Calculate Price
Chandra Prakash
DNMUM80811
Add To Lightbox
Calculate Price