Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key
In a sense, the Idea-Vodafone merger was a forced marriage of convenience because Jio hit the market when the UK-based giant was planning its own Indian IPO (initial public offering), and the merger was seen as a backdoor way for Vodafone to get listed
Idea Cellular's market valuation rose by Rs 872.68 crore to Rs 24,829.68 crore
Idea-Vodafone deal will be cleared after DoT completes statutory process: Telecom minister Manoj Sinha
The Idea-Vodafone deal was expected to be cleared in mid-June but the telecom department is considering to raise a fresh demand of around Rs 4,700 crore from Vodafone before granting clearance
Telecom department expected to clear Vodafone-Idea merger tomorrow to create country's largest mobile operator
The Vodafone-Idea merger will create the country's largest mobile service operator.
The standalone tower businesses of Vodafone and Idea have a combined portfolio of nearly 20,000 towers, which included around 10,200 towers of Vodafone and the rest of Idea.
Lower IUC rate eats into Idea Cellular's Q3 profit; firm posts Rs 1,284.5-cr loss, says merger with Vodafone in final leg
Idea Cellular said the work on merger with Vodafone is in final leg of regulatory approval and expected to complete in first half of 2018
Vodafone is expected to hold around 47.5 percent stake in the merged entity and rest will be owned by Idea and promoter Aditya Birla Group.
2017: Year of turmoil for India's telecom sector; GST, market disruption bleed companies' balance-sheets
Reliance Jio continued to disrupt telecom market with its free or low-priced offers while three or four majors fought for the pie tooth and nail
The combined entity of Vodafone India and Idea Cellular, which are currently India's number two and three, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market.
Vodafone and Idea Cellular merger deal is expected to be completed by March next year, as all regulatory approvals are likely to be obtained by that time.
Vodafone mentioned it has invested over Rs 1,340 billion in India to build its mobile network.
The "no-objection" as per Sebi's regulations will enable Idea-Vodafone to file the draft scheme with the NCLT.
Idea Cellular's stock price surged 6.48 percent to close at Rs 97.80 on BSE.
Equal partnerships are a big challenge to manage. On top of it, Idea-Vodafone will also have to deal with the fierce market competition
The Indian consumer is consuming data like never before and telcos are scrambling to fulfill this demand without all of them having future ready networks
The combined entity may be forced to sell the spectrum at a discount, benefiting the rivals
The answer lies to that may lie with much Aditya Birla group chairman Kumar Mangalam Birla, whose Idea will name the chair to lead the merged entity, knows how to deal with mass market consumer trends compared with Mukesh Ambani