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Idea-Vodafone merger News
Vodafone India-Idea Cellular merger: NCLT clear the mega deal, paves way for creation of India's largest telecom operator
Fri, Aug 31, 2018
NCLT has cleared the mega-merger of Vodafone India and Idea Cellular, paving the way for the creation of India's largest telecom operator worth over USD 23 billion with a 35 per cent market share.
Why Idea Cellular share price surged a whopping 18% today
Tue, Jul 24, 2018
"Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. Rs 3,926.34 crore have been paid in cash and bank guarantee of Rs 3,322.44 crore have been furnished," an Idea Cellular official confirmed the development.
DoT seeks Rs 2,100 cr bank guarantee from Idea to clear Vodafone merger deal
Fri, Jun 15, 2018
"DoT will raise demand for around Rs 2,100 crore bank guarantee from Idea Cellular before merger of Vodafone India. The amount pertains to one time spectrum fee of Idea Cellular. Idea Cellular will be asked to replace one year bank guarantee of Vodafone India submitted for deferred spectrum payment," the government source told PTI.
Idea-Vodafone entity to get the show on the road by April?
Mon, Jan 15, 2018
The merger of Idea and Vodafone India that was scheduled for completion in March 2018 may start operations soon after in April.
NCLT approves Idea-Vodafone merger proposal; shares erase losses
Fri, Jan 12, 2018
NCLT has approved Idea-Vodafone $23 billion merger deal.
What Rs 6,750 crore investment means for Idea-Vodafone entity; shares up over 8% on Sensex
Fri, Jan 05, 2018
Idea Cellular has announced its intention to raise a sizeable sum ahead of the merger with Vodafone.
Idea-Vodafone merger likely to be completed by March
Mon, Oct 02, 2017
Vodafone India 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, a source privy to the deal said.
Merger with Idea Cellular on track for completion in 2018, Vodafone CEO says
Wed, Sep 27, 2017
The merger of Vodafone India and Idea Cellular is on track and is expected to be completed in calender year 2018, a top Vodafone official said today. Vodafone India MD and CEO Sunil Sood said "absolutely", when asked if the merger of the two telecom firms is on course.
Kumar Birla says keen to enter ARC business, awaiting RBI nod
Fri, Sep 01, 2017
The diversified Aditya Birla Group, which today successfully listed its amalgamated financial services arm Aditya Birla Capital, is planning to enter the asset reconstruction business as it sees this business as growth vertical.
Idea-Vodafone merger gets go-ahead from Sebi, exchanges
Mon, Aug 07, 2017
The go-head from Sebi and the exchanges will allow the the $23 billion merger deal between Idea Cellular and Vodafone India to go ahead.
Idea Cellular hopes to complete merger with Vodafone India by 2018
Tue, Jul 25, 2017
In May, Idea Cellular and Vodafone India had approached CCI regarding the proposed merger and were awaiting the fair trade regulator's nod in this regard.
Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says
Mon, Jul 24, 2017
In March, Aditya Birla Group's telecom arm, Idea Cellular had informed the regulatory bodies that its board of directors have approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services with itself.
Sebi seeks clarification from bourses on Idea-Vodafone merger
Mon, Jun 05, 2017
In March, Vodafone India and Idea Cellular announced merger of their operations to create the country's largest mobile phone operator worth more than USD 23 billion with a 35 per cent market share.
Idea Cellular Q4: Reliance Jio may have continued to hurt margins
Fri, May 12, 2017
Reliance Jio's Happy New Year Offer impacted the overall telecom market, as consumers shifted to its promotional free usage.
Merger with BSNL desirable for strong pan-India play: MTNL CMD
Sun, Apr 16, 2017
Telecom Minister Manoj Sinha, however, said in a written reply in Parliament that there was no such proposal at present for the merger of BSNL and MTNL.
Indians leave bankers in the cold in $23 billion telecoms mega-deal
Wed, Mar 22, 2017
This week`s $23 billion tie-up between Idea Cellular, controlled by the Aditya Birla Group, and the Indian business of Vodafone Group, is the latest example of a trend that is squeezing major international investment banks.
Sensex, Nifty opens flat; D-Mart shares list at 102% premium
Tue, Mar 21, 2017
Domestic markets on Tuesday opened flat on the back of mixed global cues. At 0920 hours BSE Sensex was trading at 29,545.03, up 26.29 points or 0.09%, while NSE Nifty was trading at 9,136.30, up 9.45 points or 0.10%.
Will Abhishek Bachchan be the next zoozoo? Twitteratis ask on Idea-Vodafone merger
Mon, Mar 20, 2017
Highlights: 1. Idea Cellular on Monday said that its board of directors have approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services with itself
Idea Cellular share reverses trend; drops on Vodafone merger approval
Mon, Mar 20, 2017
The company said that the merger will result in creation of India's largest telecom company with widest mobile network in the country with pan 3G/4G footprint.
Idea shares jump 12% on tower business demerge talks
Wed, Mar 15, 2017
Idea Cellular is already in talks with Vodafone India for merger to compete with its rivals Bharti Airtel and Reliance Jio.