Skiurlaub- günstig mit FeWo-direkt
Bundesliga-Tickets mit Garantie!


Center Parcs - der Familienkurzurlaub im Internet!


Hotelsuche in 
 

Vodafone, Idea merge to create India's biggest telecoms company

Europe
20.03.2017
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
New Delhi (dpa) - British telecoms giant Vodafone will merge its Indian subsidiary with domestic rival Idea Cellular to create the country‘s largest telecoms operator, it was announced Monday.

"Vodafone Group PLC and Idea Cellular today announced that they have reached an agreement to combine their operations in India," the companies said in a statement.

"The combined company would become the leading communications provider in India with almost 400 million customers, 35 per cent customer market share and 41 per cent revenue market share," it added.

Vodafone will own 45.1 per cent of the combined entity, after it transfers 4.9 per cent to the Aditya Birla Group, Idea‘s parent company, for 579 million dollars.

The Aditya Birla group, will hold 26 per cent, while the balance will be held by the public, it said in a statement to the Bombay Stock Exchange.

The merger of Vodafone India and Idea, India‘s second and third largest telecoms networks respectively, will push the country‘s telecoms leader, Bharti Airtel, to the second spot.

The move comes after weeks of speculation that the firms were in talks to strike a deal to take on a new operator, Reliance Jio, which has disrupted India‘s telecoms market and sparked a price war.

Launched in September by Reliance Industries, India‘s leading private conglomerate, Jio has notched up a 100-million subscriber base on the back of its free voice and dramatically cheaper data service plans.

 

Kommentare zu diesem Artikel
 
Neuer Kommentar
Name *
Email * (wird nicht öffentlich angezeigt)
Kommentar
* Pflichtangaben
 
Diesen Artikel empfehlen

Absender Empfänger Nachricht (optional)
Name
E-Mail

Name
E-Mail
   
 
Weitere Artikel zu diesem Thema
 
Europe
08.03.2017
Vienna (dpa) - The European Union is investigating packaging paper manufacturers Mondi and BillerudKorsnas as part of an anti-trust probe, both companies confirmed Wednesday.The action by the European Commission, the EU‘s executive body, is
weiter
Europe
09.03.2017
Sydney (dpa) - Rio Tinto chairman Jan du Plessis plans to step down, bringing his eight years at the helm of the mining company to an end, according to media reports Thursday.The resignation is believed to be imminent, the Australian Financial Review
weiter
Europe
16.03.2017
Rome (dpa) - Alitalia management presented the company‘s new turnaround plan to the Italian industry and transport ministers on Thursday. The board of the loss-making airline late on Wednesday approved the plan to slash operating and labour
weiter
Europe
17.03.2017
Islamabad (dpa) - Pakistani agencies are investigating whether the German chief executive of the country‘s national airline was involved in aircraft lease deals that allegedly caused large financial losses, officials say.The Federal
weiter
Europe
08.03.2017
London (dpa) - The British Treasury announced stronger than expected economic growth Wednesday but vowed to save for a rainy day to help Brexit-proof the country ahead of its departure from the European Union. In his first budget since Britain voted
weiter
Europe
17.03.2017
Wolfsburg, Germany (dpa) - Former Volkswagen chairman Ferdinand Piech is in talks to sell his shares in the company, the carmaker‘s parent company Porsche SE said Friday.The company confirmed media reports that "the Porsche and Piech families
weiter
 
Tipps der Redaktion aus dem Nachrichtenportal
 
NACHRICHTEN
Berlin (dpa) - German Chancellor Angela Merkel‘s conservative party scored a convincing victory over their centre-left rivals in a state poll Sunday seen as the first test ahead of national elections.The Christian Democrats (CDU) won 40.7 per
London (dpa) - Sinn Fein on Sunday pulled out of talks aimed at forming a power-sharing executive in Northern Ireland on Sunday, one day before the deadline to reach a deal."This talks process has run its course. Sinn Fein will not be supporting
"This is certainly not a happy night for us - not for me either. When I came here I had hoped we would end up at eye level, maybe even ahead."Martin Schulz, the leader of the Social Democrats who is looking to unseat Chancellor Angela Merkel, speaks
Sofia (dpa) - Conservative former prime minister Boyko Borisov‘s GERB party is leading the Socialist Party 32.2 per cent to 28 per cent, exit polls from Sunday‘s parliamentary election indicate.Projections show three smaller parties are
Berlin (dpa) - German Social Democrat leader Martin Schulz says there is "no sugarcoating" the victory by rival Christian Democrats in the state of Saarland‘s elections.Schulz adds that he is nonetheless pleased that his centre-left party went
Berlin (dpa) - The environmentalist Greens and the business friendly Free Democrats (FDP) have not won enough votes in the south-western German state of Saarland to re-enter parliament, according to a projection from public broadcaster ZDF.dpa hef
 
Tipps der Redaktion aus dem Reiseportal
 
REISEPORTAL
Pyeongchang, South Korea (dpa) - The International Olympic Committee advanced plans on Thursday to set up an independent anti-doping testing system following the drugs scandal in Russian sports.The World Anti-Doping Agency (WADA) is also set to
Berlin (dpa) - Medals at the Tokyo 2020 Olympic Games will be made from recycled material as local organizers called on the Japanese population to donate "discarded or obsolete electronic devices" for the purpose."The organizing committee aims to
The Olympic spirit is perhaps best in evidence when, for a brief, shining and historical moment, an outsider from a small nation grabs the glory with their first-ever medal.Rio de Janeiro (dpa) - Tears of joy, being overcome by emotion, instant fame,
Budapest (dpa) - Hungarian Premier Viktor Orban, currently attending the Rio Olympics, put in a word for Budapest‘s bid to host the 2024 summer games, promising a compact venue that would make "one large Olympic park" of Hungary‘s capital
Berlin (dpa) - Former German national trainer Juergen Klinsmann called Olympic trainer Horst Hrubesch‘s work with his young football team "totally outstanding" as Germany heads into a gold medal final against hosts Brazil on Saturday.In remarks
Thiago Braz da Silva won an improbable Olympic pole vault gold ahead of French top favourite Renaud Lavillenie, who is furious about the behaviour of the noisy crowd.Rio de Janeiro (dpa) - Thiago Braz da Silva stunned French top favourite Renaud
Wetter

Kaunas


(27.03.2017 00:40)

0 / 7 °C


28.03.2017
3 / 13 °C
29.03.2017
1 / 9 °C
powered by wetter.com
Stock News

banner

banner

banner

banner

© europe online publishing house GmbH, Weiden, Germany, info@europeonline-magazine.eu | Impressum