Page 2 - Idea-vodafone Merger

After merger, Idea-Vodafone to up the ante in mobile broadband space

The combine saw its 3G/4G customers grow around 15.4% between the quarter ended December 2017 over the previous quarter

NCLT approves Idea-Vodafone merger; joint entity to have 400 mn customers

The proposed merger of Vodafone India and Idea will create an entity with a revenue of around Rs 775-800 bn

Idea shareholders approve mobile business merger scheme with Vodafone India

The meeting of the Idea shareholders was convened after directions of the NCLT

Idea-Vodafone merger to be completed by March 2018

Both the companies require NCLT and DoT's nod in order to complete the merger

Idea Cellular seeks NCLT nod over approval of merger with Vodafone

The application was filed after Idea received approvals from CCI on 24 July and the SEBI on August 4

Idea-Vodafone deal gets conditional go-ahead from Sebi, bourses

Idea has submitted a voluntary undertaking stating that it will comply with the directions of Sebi

Vodafone, Idea CEOs expect merger to be completed in 2018

Combination of Vodafone India and Idea will create a new champion of Digital India: CEOs

CCI approves Idea - Vodafone merger

The Competition Commission of India (CCI) has approved Idea Cellular's proposed merger with Vodafone. The two had announced the $23-billion deal to create India's leader in the telecom sector.Shweta Shroff Chopra, partner from Shardul Amarchand Mangaldas, which advised Vodafone on the deal (trilegal advised Idea) said the approval was for the first phase of the merger. While CCI has given unconditional approval, the two entities are yet to receive approval from the Securities and Exchange Board of India (Sebi). In the first stage, domestically-listed Idea Cellular (part of Aditya Birla Group) and Vodafone India, which is unlisted, would merge their operations at a share swap ratio of 1:1. Then, Birla's holding companies would buy a 4.9 per cent stake from Vodafone at Rs 110 a share, investing close to Rs 3,900 crore.This would increase Idea's stake to 26 per cent and bring down London-based Vodafone Plc's stake to 45.1 per cent. The Birlas would have the right to acquire another ...

Tariff wars and network battles: The Idea behind Vodafone merger

The merger of Vodafone and Idea Cellular will be watched keenly by management gurus the world over

Idea-Vodafone merger: $23-bn telecom deal leaves bankers in cold

Deal is the latest example of a trend that is squeezing major international investment banks

Idea-Voda merger creates a telecom behemoth but Airtel would remain leader

ARPU Bharti Airtel would retain the pole position in terms of operating profit and revenue per user

Reliance Jio threat: India not a Jio market alone, says Vodafone CEO Colao

Vodafone is dominant in metro cities, while Idea is a big player in urban, semi-urban markets: Birla

Stay cautious on Idea, advise analysts

Despite the merger with Vodafone's India operations which will create India's largest telecom company, the rough ride will continue for some more time for shareholders at Idea Cellular.Investors should tread with caution, as the sector has been one of the biggest wealth destroyers. Even Idea since its listing a decade earlier at Rs 85 (IPO price Rs 75 a share) has not made any money for investors, except for a brief period in April 2015 when it hit a peak of Rs 203. In the near term, it is a long way away from those levels.The merger will take at least a year and a half to complete and both companies will operate as independent entities till this goes through. Analysts believe the pricing pressure the industry is going through will continue for at least the next two to three quarters, putting pressure on Idea's financials. It reported a net loss of Rs 383 crore in the December quarter; operating profit margin fell by a little over 500 basis points year-on-year, to 25 per cent. ...

Vodafone approached DoT before announcing Idea merger

Vodafone-Idea merger means Airtel will have to relinquish its position as biggest telecom company

Idea-Vodafone to merge:10 interesting facts about the Indian telecom sector

Here are 10 interesting facts about the Indian telecom sector, compiled from a March 2017 report

It's official: Idea, Vodafone are merging to create India's biggest telco

In a BSE filing, Idea Celluar announced its approval of amalgamation of Vodafone India Ltd (VIL)

Idea-Vodafone deal to be revealed with Grasim-Nuvo voting

Birla expects this to assuage Grasim shareholders' concerns over Nuvo's exposure to debt-laden Idea

Vodafone, Idea may have to sell excess spectrum

Airtel CEO Hits Out At 'Forced Situation Due To Unfair Playing Field'

Call option volumes surge on Idea-Vodafone merger buzz

Before the denials came, the markets had already celebrated, share price of Idea in the cash segment surged and closed 6.7% higher on the BSE at Rs 100.80