Last Updated : Jan 23 2019 9:39PM     Screen Reader Access
News Highlights
PM Modi inaugurates Netaji Subhash Chandra Bose museum at Red Fort            President Kovind calls upon NRIs to contribute to development of New India            Cabinet decides to strengthen NE autonomous councils            Nation remembers Netaji Subhash Chandra Bose on his birth anniversary            India win first ODI against New Zealand at Napier           

Business News

Jul 11, 2018
9:10PM

Govt approves Idea Cellular and Vodafone India merger

Telecom Minister Manoj Sinha today said that the Government has approved the Idea Cellular and Vodafone India merger but the companies need to complete some formalities for the final closure of the deal.

The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over over 1.5 lakh crore rupees, with a 35 per cent market share and a subscriber base of around 430 million.Debt-ridden firms Idea and Vodafone India are in process of merging their businesses in India as it is expected to bring down cost of their operations and give them relief from cut-throat competition in the market where margins have hit rock bottom with free voice calls

With the new entity coming in force, Bharti Airtel will lose the tag of India's biggest telecom service provider to the new entity.  The combined debt of both the companies is estimated to be around Rs 1.15 lakh crore.

   Related News

Live Twitter Feed

Listen News

Morning News 23 (Jan) Midday News 23 (Jan) News at Nine 23 (Jan) Hourly 23 (Jan) (2000hrs)
समाचार प्रभात 23 (Jan) दोपहर समाचार 23 (Jan) समाचार संध्या 23 (Jan) प्रति घंटा समाचार 23 (Jan) (1900hrs)
Khabarnama (Mor) 23 (Jan) Khabrein(Day) 23 (Jan) Khabrein(Eve) 23 (Jan)
Aaj Savere 23 (Jan) Parikrama 23 (Jan) Lok Ruchi Samachar 20 (Jan)

Listen Programs

Market Mantra 23 (Jan) Samayki 23 (Jan) Sports Scan 23 (Jan) Spotlight/News Analysis 23 (Jan)
    Public Speak

    Country wide 17 (Jan) Surkhiyon Mein 17 (Jan) Charcha Ka Vishai Ha 23 (Jan) Vaad-Samvaad 22 (Jan) Money Talk 22 (Jan) Current Affairs 18 (Jan)