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Mar 19, 2017 · Vodafone India will be deconsolidated by Vodafone on announcement and reported as a joint venture post- closing, reducing Vodafone Group net debt by approximately INR552 billion (US$8.2 billion) and lowering Vodafone Group leverage by around 0.3x Net Debt/EBITDA4.
Jan 13, 2022 · Tapping into India's digital payments revolution. In a bailout, India's government is likely to pick up nearly 36% of the stake of Vodafone India.
Aug 30, 2018 · Vodafone Idea is jointly controlled by Vodafone and the Aditya Birla Group. The Chairman of the Board of Vodafone Idea is Kumar Mangalam Birla and the Board has appointed former Vodafone India COO, Balesh Sharma, as the CEO. The merger creates India’s leading telecoms operator, with nearly 408m customers.
Apr 23, 2024 · Vodafone’s Indian business has raised $2.2bn through an equity issue, staving off fears that the telecoms operator would collapse under a mountain of debt.
Britain’s Vodafone Group will merge its Indian subsidiary with local rival Idea Cellular within two years, creating a new market leader, better able to contest a brutal new price war.
The merger of Idea and Vodafone India is founded on a shared commitment to realise the Indian Government’s ‘Digital India’ vision and financial inclusion goals, delivering significant benefits to 1.3 billion Indian consumers and
Mar 20, 2017 · British telecom major Vodafone Group Plc has agreed to combine its Indian unit, Vodafone India Ltd with Aditya Birla Group’s Idea Cellular Ltd., paving the way for creating the country’s ...
