Who will take over Vodafone idea?
However, the merged entity continues using both the Idea and Vodafone brand.
Currently, the Vodafone Group holds a 45.1% stake in the combined entity, the Aditya Birla Group holds 26% and the remaining shares will be held by the public….Vodafone Idea.TypePublicTotal equity₹596,348 million (US$8.4 billion) (2019)18 more rows.
Is Vodafone going to shut down?
Cash-strapped Vodafone Idea, which faces balance AGR dues of Rs 53,500 crore more as per DoT’s estimates, has said it will shut down its operations if its bank guarantees are invoked or if it doesn’t get relief on its AGR dues. Shares of Vodafone Idea closed at Rs 3.66, up by 6.09%, on the BSE on Tuesday.
Is Vodafone going to shut down in India?
While, it seems there is no imminent plan by Vodafone to leave India, not everything is right with its business. … The report hints that the company may shut down its India operations unless the Indian government gives some relaxation to the company on demands for mobile spectrum fees.
Will Airtel shut down in India?
NEW DELHI: Telecom major Bharti Airtel on Friday said that it expects to shut down its entire 3G network across the country by March 2020, the process for which has already started with Kolkata service area.
Is Airtel closing down?
Airtel is definitely not shutting down. The telecom operator’s spokesperson confirmed to BusinessToday.In that, it will pay the balance amount after completing the exercise of calculating (AGR) dues across 22 circles which will take at least a week to ten days.
Who is CEO of Vodafone India?
Ravinder Takkar (Aug 19, 2019–)Vodafone Idea/CEO
Can Vodafone idea survive?
A new research report says Vodafone Idea has to increase tariff by 39% to survive – and that will be a bounty for Reliance Jio and Airtel. The double whammy of low revenue per user and the burden of retrospective payments from India’s Supreme Court has put the future of Vodafone Idea in jeopardy.
Is Airtel shutting down?
In line with its plans to phase out 3G technology across India, Bharti Airtel (Airtel) on Thursday announced that it has shut down its 3G network in Karnataka. … The telecom operator added that it will continue to provide 2G services in Karnataka to serve the connectivity needs of customers on feature phones.
Is Airtel going to shut down?
NEW DELHI: Telecom major Bharti Airtel on Friday that it expects to shut down its entire 3G network across the country by March 2020, the process for which has already started with Kolkata service area.
Will idea close down?
Both Airtel and Vodafone Idea face huge monetary burden due to AGR, but none of them has said they will close down operations. … Supreme Court’s order on Rs 1.47 lakh crore worth of AGR dues has triggered rumours about the alleged impending shutdown of two of India’s largest telecom companies Vodafone Idea and Airtel.