Idea and Vodafone likely to start operating as single merged entity by April, 2018

    Reportedly, Vodafone Group Private Limited and Idea Cellular Limited are likely to start operating as a merged entity from the first week of April onward. After the merger, the merged entity will be the largest telecom company in India and the second largest in the world with over 400 million customers, with a 35 customer share and a 41 percent revenue share.  It will have a revenue of Rs 81,600 crore and an operating profit of Rs 24,400 crore. The only thing remaining for the two companies in the merger process is an approval from the Department of Telecommunications’ (DoT), as they have the required clearances from the Competition Commission of India (CCI), the Securities and Exchange Board of India (SEBI), and the National Company Law Tribunal (NCLT). The merger agreement will see equal rights and equal shareholding between the promoters of Idea Cellular and Vodafone Group.

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