Vodafone Idea Merger

Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate returns.

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Vodafone Idea is now squeezed between high debt and poor revenue realisations

Promoters unlikely to fund dues; telecom firm will have to raise funds on its own

The leadership overhaul is being seen as a test - will Vodafone Idea be able to compete in the turbulent telecom market in India?

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The telecom behemoth, which started announcing its merged results since the last quarter, is expected to show some improvement in ARPU

Also, since the merger was announced, hiring has been very limited and selective for both the firms

Idea, a part of the Aditya Birla conglomerate, and Vodafone signed a merger agreement last year, which could create the country's biggest telecom operator

With the net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies

The combination is set to create the country's largest mobile phone operator worth more than $23 billion with a 35 per cent market share

Sources in the know said engineers of TCS, one of Vodafone's technology vendors, are working round the clock to ensure the user interface is ready before the formal launch

Revenue declined mainly on account of down-trending of average revenue per user, which stood at Rs 100 as against Rs 105 in Q4FY18

The new entity, to be headed by Vodafone insider and current COO (India) Balesh Sharma, will have a revenue market share of about 37.4 per cent and more than 438 million subscribers

Govt gives final nod to Vodafone-Idea merger; to be India's largest operator

The combined debt of both the companies is estimated to be around Rs 1.15 trillion

New entity may challenge dues after paying under protest

Earlier this month, the Telecom Ministry granted conditional approval to the long-pending merger of Vodafone India and Idea Cellular

This will most likely be the last visit to India for Vittorio Colao as the Vodafone Group CEO as he prepares to pass on the baton to Read

After receiving the clarification from the solicitor, the DoT will prepare a demand notice to recover spectrum charges from both Vodafone and Idea