Govt Gives Final Nod To Vodafone Idea Merger To Be Indias Largest Operator

Vodafone-Idea deal will be the biggest telecom company after the government’s approval, merger

 

Found clearance after payment of Rs.7,269 crores

 

The government has approved the merger of Vodafone and Idea on Thursday. Earlier, on July 9, the conditional permission was granted. According to the government’s demand, the Department of Telecommunications paid Rs 7,268.78 crore to the two companies last week. This amount includes cash of Rs 3,926.34 crore and bank guarantee of Rs 3,342.44 crore. Vodafone and Idea will together make the country’s largest telecom service provider The new company’s customer number will be 42 million from the first day. The company’s value will be more than Rs 1.5 lakh crore. According to Vodafone Group CEO, till August, the merger process is expected to be completed. Idea and Vodafone currently have a debt of about 1.15 lakh crore rupees.

 

Vodafone-Idea will be the biggest company

Bharti Airtel is currently the largest company with 27.44% mobile subscriber market share. After the merger, Vodafone-Idea will become the country’s largest mobile service operator company with 39.01% (19.74% + 19.27%) market share and about 42 million subscribers.

 

Reliance Jio forced Merger

Price ranged from Reliance Jio’s extremely cheap tariff and data to telecom sector. Many companies have lost business after the arrival of Geo. After the merger, Vodafone-Idea will become the largest company in terms of customer numbers, which can give a tough competition to Reliance Jio. The subscriber base of Geo is increasing rapidly. During the period from March to April, Reliance Jio has added 96.31 lakh customers.

 

What will be the shareholding pattern after the merger?

वोडाफोन 45.1%
आदित्य बिड़ला ग्रुप 26%
आइडिया के शेयरधारक 28.9%
आदित्य बिड़ला ग्रुप के पास वोडाफोन से 9.5% शेयर और हासिल करने का अधिकार होगा। ताकि, बराबर हिस्सेदारी हो सके। चार साल में दोनों कंपनियों को शेयरहोल्डिंग बराबर करनी होगी।

 

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