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Vodafone and Idea Cellular merge to create India's biggest telco
2018-08-31 02:00:00| Total Telecom industry news
The long awaited merger between Vodafone India and Idea Cellular has finally been completed, following the issuance of regulatory approval from India's governing bodies. The newly formed entity will be named Vodafone Idea and will boast 408 million subscribers across the sub…read more on TotalTele.com »
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Vodafone names date for Idea Cellular merger, as Group revenues fall by 4.9%
2018-07-25 02:00:00| Total Telecom industry news
Vodafone Group's outgoing CEO, Vittorio Colao, has said that he expects Vodafone India's long mooted merger with Idea Cellular to complete by the end of August. Speaking to the press following the company&rsquo…read more on TotalTele.com »
Vodafone India's proposed merger with Idea Cellular enters "final stage of approval"
2018-03-27 02:00:00| Total Telecom industry news
The long awaited merger between Vodafone India and Idea Cellular has reached the "final stage of approval", according to reports in the Indian press. …read more on TotalTele.com »
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Idea Cellular approves capital increase ahead of Vodafone merger
2018-01-04 10:03:00| Telecompaper Headlines
(Telecompaper) Indian operator Idea Cellular has approved plans to raise up to INR 67.5 billion in the sale of new shares, in order to strengthen its capital position ahead of completing its planned merger with Vodafone India. The company will sell INR 32.5 billion in shares to its controlling shareholder the Aditya Birla Group at a small discount of INR 99.5 per share, and sell the remaining shares to institutional investors or through a rights issue. The plans mean ABG will receive a slightly higher stake in the merged group with Vodafone.
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Idea Cellular to raise $1.1 billion in equity ahead of Vodafone India merger
2018-01-04 01:00:00| Total Telecom industry news
India's Idea Cellular plans to raise an additional $1.1 billion in equity in the run up to its proposed merger with Vodafone India. A total of $425 million will be made through a preferential allotment to the Aditya Birla Group…read more on TotalTele.com »