Vodafone's India's telecom unit merges with local company
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, India
Mumbai - Arab today
British telecom company Vodafone's Indian unit has announced a merger with Idea Cellular, a local company, creating the country's largest telecom operator with nearly 400 million customers.
A joint statement from the companies on Monday said Vodafone will own 45.1 percent of the combined company and Idea will have a 26 percent stake, while the rest will be owned by public shareholders after the merger, which is expected to be completed next year.
At present, Bharti Airtel is India's biggest telecom player. The entry of Reliance Jio has led to a consolidation in the Indian telecom sector.
The merger values Vodafone India at 828 billion rupees ($12.4 billion) and Idea at 722 billion rupees ($10.8 billion), the statement said.
Idea Cellular is owned by India's Aditya Birla Group.
Source: Ahram online
- Thursday ,16 March GMT 11:55 2017 Advanced IoT Technologies Showcased at Vodafone Innovation Day 2017
GMT 11:55 2017 Thursday ,16 March
Advanced IoT Technologies Showcased at Vodafone Innovation Day 2017GMT 19:46 2017 Thursday ,09 March
Telecom operators push for united front on 5GGMT 13:37 2017 Monday ,30 January
Vodafone confirms merger talks with India's IdeaGMT 10:32 2016 Tuesday ,15 November
Vodafone loss doubles on India woesGMT 14:17 2016 Wednesday ,19 October
Vodafone enters Iranian market
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 13:42 2017 Tuesday ,07 March
QRCS Provides Medical Treatment for 1,388 Syrians in Jordan
GMT 15:24 2017 Monday ,12 June
Shell Saudi Arabia teams up with Almajdouie Motors
GMT 02:19 2017 Saturday ,04 March
France condemns Al Houthis for using child soldiers
GMT 13:10 2018 Saturday ,06 January
Army Chief visits NWA, lays wreath on Shuhada monument
GMT 09:40 2017 Thursday ,28 December
11000, MW electricity to be added in national grid by June 2018
GMT 00:49 2017 Friday ,22 December
Russia parliament ratifies deal
GMT 02:57 2017 Wednesday ,13 December
Emmanuel Macron sworn in as French president
GMT 22:11 2017 Tuesday ,12 September
Bahraini women’s achievements highlighted
GMT 06:40 2017 Tuesday ,05 December
Yemen's Saleh: the ex-president who clung to power
GMT 02:47 2016 Tuesday ,13 December
Awqaf minister: Egyptians stand hand in hand in face of suicide
GMT 11:40 2016 Thursday ,07 April
Mall of the Emirates presents stunning S/S '16 collections
GMT 02:43 2017 Saturday ,23 September
Polling station evacuated in eastern France due to suspicious vehicle
GMT 05:59 2017 Saturday ,18 March
BoE’s Forbes: Weak wage growth may reflect temporary Brexit caution
GMT 00:00 2017 Saturday ,18 November
‘Bomb plot foiled’ ahead of ASEAN Summit in Philippines
GMT 09:48 2017 Monday ,04 December
Tens of thousands march in Tel Aviv
GMT 09:35 2016 Wednesday ,28 December
China in biggest-ever pangolin scale seizure
GMT 08:59 2016 Sunday ,01 May
English Premier League standings
GMT 17:58 2017 Saturday ,15 July
LuLu Group Chairman Yusuff Ali receives top British award
GMT 23:42 2017 Saturday ,22 April
IS-linked Abu Sayyaf leader killed on Philippine resort island
GMT 00:08 2017 Thursday ,11 May
Finance minister receives Turkish deputy premier in Oman
GMT 10:33 2017 Saturday ,16 September
Canada climate minister pushes for Paris accord progress
GMT 14:48 2017 Monday ,08 May
Troops deployed as Canada braces for worse flooding
GMT 15:55 2017 Tuesday ,03 January
Mobily Business offers 50% discount on managed route
GMT 04:21 2017 Wednesday ,11 October
Kaag visits London, meets UK officials
GMT 11:57 2017 Monday ,13 March
Stargazing keeps tourism looking up
GMT 21:27 2016 Wednesday ,17 August
Freestyle wrestling: Egypt's Inas Mostafa reaches semi-final with win over Brazilian
GMT 13:13 2017 Sunday ,26 February
Kamel al-Khoudany reveals reasons of political solution's lack in Yemen
GMT 17:32 2017 Monday ,25 September
Interior Minister receives Southern Governor
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor