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Mon, Jan 15 It will have a revenue of Rs81, crore and an operating profit of Rs24, crore. This would also mean that the merger will complete at least three months before the earlier deadline of first half of calendar year This person added that once these companies receive DoT nod, they will have to get the new entity registered with the Registrar of Companies.
Announcement related to the executive management team will also be made in the meantime. An Idea spokesperson did not respond to an email questionnaire sent on Wednesday. A Vodafone India spokesperson said that his company has nothing more to add than what it said in November when the company stated it expects to complete the merger in the first half of calendar year It can also contribute Rs2, crore more as debt into the merged entity.
Promoters of Idea Cellular Ltd on 4 January said they will invest Rs3, crore and the company plans to raise a similar amount to strengthen its balance sheet. Since the Idea-Vodafone merger itself is the result of consolidation triggered by a price war started by Jio, it is unlikely that the merged entity will be a price warrior itself.
It will focus on profitability and revenue.Idea Cellular (India) will divest its tower business portfolio and sell majority stake to American Tower Corp (AMT) according to a Shares of Indian mobile telecom operator soared 10% to.
Vodafone Idea will retain Idea Cellular’s listing on the Indian stock exchanges, and will be chaired by Kumar Mangalam Birla, controlling shareholder of the Aditya Birla group, of which Idea. Jan 12, · Idea Cellular Limited has relatively good liquidity.
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Unmute @ideacellular Mute @ideacellular Follow Follow @ideacellular Following Following @ideacellular Unfollow Unfollow @ideacellular Blocked Blocked @ideacellular Unblock Unblock @ideacellular Pending Pending follow request from @ideacellular Cancel Cancel your follow request to @ideacellular. Vodafone, Idea Cellular hire expert to pick key executives. By Devina Sengupta, Sreeradha D Basu Vodafone, Idea Cellular hire expert to pick key executives. View: India needs a competency-enhancing, job-creation master plan. Nearly 70% recruiters plan to hire big in Survey. Idea Cellular, one of the top mobile phone operators of India, has just released their My Idea app for Windows Phone. Customers can use the app to do things such as check their account balance.
Idea Online Postpaid Bill Payment. With its customer-centric approach and outstanding network connectivity, Idea has emerged out as a strong player in the competitive telecom market of India.
Idea Cellular is a wireless telephony company operating in all the 22 telecom circles in India based in Mumbai. It is the 3rd largest GSM company in India behind Airtel .