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Jul 30, 2021 · The Vodafone idea merger was embraced by all the stakeholders but had its repercussions as well. Employee. The merger took a toll on the employees of both companies. The employees were met with serious uncertainty. Somewhere, the companies failed to boost or maintain company morale. Vodafone – Idea had to let go of 5000 employees leading up to the merger. The employees who fell in the bottom quartile in the performance assessment were asked to leave the company.
Mar 19, 2017 · The merger ratio is consistent with recommendations from the joint independent valuers. The implied enterprise value is INR828 billion (US$12.4 billion) for Vodafone India and INR722 billion (US$10.8 billion) for Idea excluding its stake in Indus Towers, valuing Vodafone India at 6.4x EV/LTM EBITDA and Idea excluding its stake in Indus Towers ...
Aug 30, 2018 · 5 As per Vodafone-Idea merger announcement on 20 March 2017. 6 As of 30 June 2018 after adjustments for Rs.39 billion payment towards differential between the entry fee paid and market price of 4.4 MHz spectrum, made to the DOT and Rs.86 billion of equity funding contributed by Vodafone Group, in accordance with the terms of the merger agreement.
Vodafone Idea, in acronym Vi, is an Indian telecommunications company with its headquarters based in Mumbai and Gandhinagar. [6] [7] [8] It is an all-India integrated GSM operator offering mobile telephony services.As of 30 April 2024, Vi has a subscriber base of 217.30 million, [9] making it third largest mobile telecommunications network in India and 12th largest mobile telecommunications network in the world. [10]Vodafone Idea was created on 31 August 2018 by the merger of Vodafone India ...
Mar 31, 2017 · To enable this, Vodafone will need to sell a 4.9 percent stake to Idea upon the completion of the merger for Rs 3,900 crore in cash. Idea’s other existing shareholders will continue holding the ...
Jan 31, 2017 · Vodafone-Idea merger may face regulatory hurdles. The above mentioned problems may turn the deal sour if the regulatory authorities step in. Then there is the issue of Vodafone India's ongoing $2 billion (roughly Rs. 13,000 crores) tax case, which may factor into play. Also, the deal would make Airtel a minority player in Indus Towers (in which Airtel, Vodafone, and Idea have 42 percent, 42 percent, ...
Mar 20, 2017 · Under the deal, Vodafone will own 45.1 percent of the merged entity, after it transfers about 4.9 percent to promoters of Idea or their affiliates for 38.74 billion rupees ($592.15 million) in ...
Mar 21, 2017 · Also read: What the Idea-Vodafone merger means for telecom, Jio, employees and you: 6 takeaways. As a first step, AB Group will acquire 4.9 per cent from Vodafone for Rs 3,874 crore, or Rs 108 a share, to take its stake to 26 per cent, with Vodafone holding 45.1 per cent. Further, the company will have the right to buy another 9.5 per cent (at Rs 130 a share or the prevailing market price, depending on the time of purchase) in the combined entity over four years from the British telecom firm.
Jul 24, 2017 · The Vodafone Group had told the London Stock Exchange on January 30 this year that it was in discussions with the Aditya Birla Group about an all-share merger of Vodafone India and Idea.
Jun 17, 2018 · The Department of Telecommunications (DoT) is set to give conditional approval to the merger of Vodafone India and Idea Cellular in the next couple of days, which will close the largest M&A deal in the sector and bring together India’s second and third largest telcos to create the country’s largest carrier. Telecom minister Manoj Sinha is believed to have signed off on the merger and a final letter is likely to be issued on Monday, said people in the know.
