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 04:40 2018 Tuesday ,09 January
Radiohead creeped out by Lana del Rey song similaritiesGMT 07:20 2012 Monday ,16 April
Katia Kaadi: Marrying Elie will change my life
GMT 18:14 2016 Tuesday ,27 September
Tokyo Stocks Rise on Tuesday
GMT 01:19 2017 Sunday ,24 September
Tillerson, Russia's Lavrov spoke about Syria poison gas attack
GMT 13:56 2018 Monday ,26 November
Bosra City restores its historical splendor and starts to receive its visitors again
GMT 10:55 2017 Thursday ,09 March
Activists' fury over Norway hunt of pregnant whales
GMT 07:24 2017 Monday ,09 January
Breathtaking and Cheerful Outdoor Spaces to Please All of Your Senses by Valerie Saunders
GMT 06:46 2024 Monday ,05 February
Yandex.Taxi service begins operating in Israel under Yango brand
GMT 12:12 2017 Tuesday ,07 February
BMW to showcase latest models at Geneva show
GMT 20:53 2017 Monday ,24 April
Gem, pearl business seminar concludes
GMT 09:07 2017 Saturday ,11 February
The biggest players today on Wall Street? Algorithms
GMT 09:11 2016 Wednesday ,21 December
At least 31 dead, 72 hurt in Mexico fireworks market blast
GMT 16:16 2017 Monday ,11 September
Russia, Jordan say working with US to set up
GMT 12:04 2017 Monday ,06 March
Indian expat in Oman becomes latest to commit suicide due to debts
GMT 19:35 2017 Friday ,28 July
Egyptian president meets Kuwaiti official
GMT 14:17 2016 Monday ,07 November
Tunisian director scoops top prize at Carthage
GMT 04:23 2017 Saturday ,24 June
AED 1.5 bn in humanitarian , developmental
GMT 12:18 2016 Tuesday ,15 November
'Embarrassed' Smith urges Aussie changes
GMT 12:48 2017 Friday ,14 April
Bee Good launches first spa treatment
GMT 17:31 2017 Thursday ,11 May
Irish beach reappears 33 years after vanishing into Atlantic Ocean
GMT 08:12 2017 Wednesday ,29 November
Deadly mosque attack puts Egypt Sinai strategy
GMT 18:22 2017 Saturday ,03 June
Media host Halima Poland says she has lot of enemies
GMT 14:52 2018 Sunday ,18 November
Israeli forces open fire on Palestinian farmers southern Gaza
GMT 12:59 2018 Wednesday ,31 October
Emirati-made satellite "KhalifaSat" reinforces UAE’s stature in space arena
GMT 12:43 2018 Saturday ,27 October
Putin offers condolences to King of Jordan over deadly flood
GMT 20:13 2018 Wednesday ,17 October
Little possibility of Moscow, Constantinople mending ties
GMT 02:37 2017 Sunday ,12 March
Bahrain reiterates support for Palestinian rights
GMT 17:38 2017 Monday ,10 April
UN: Alarming rise in attacks on South Sudan civilians
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