Quick Answer: What Is Vodafone Called Now?

Who will take over Vodafone idea?

Aditya Birla GroupVodafone and the Aditya Birla Group will have a joint control of this combined company.

Once you combine the Vodafone and idea customers, the merged entity could be the biggest telecom company in India.

It would have nearly 40 crore customers, 35% customer market share and 41% revenue market share..

What is the future of Vodafone in India?

The money will be used to help it pay government dues and boost investments towards its network operations. In a ruling this month, the Supreme Court has allowed telecom companies 10 years to pay up their adjusted gross revenues (AGR), with 10 percent of the total dues to be paid by March 2021.

Is Vodafone idea a penny stock?

How has Vodafone Idea managed to survive this purge? It has been a penny stock for the better part of the last one year. It has witnessed extreme volatility and the lot size has now reached a humongous 98,000 shares.

Is Vodafone and Idea same now?

“Vodafone Idea came together as a merged entity two years ago. We have, since then focused on integrating two large networks, our people and processes. And today I am delighted to present Vi, a brand that will bring important meaning to lives of our customers.

Is Vodafone closing down in India?

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.

Is Vodafone idea a good buy?

Top Stocks To Buy – Vodafone Idea The company will also be holding a meeting on the fund raising issue today. This stock is trading at Rs 12. Their ARPU (Average Revenue Per User) is also likely to go up by Rs 100 in the next 12-18 months.

Is Vodafone in the US?

However, Vodafone said it wants to cater to its more than 400 multinational customers based in the United States and a further 500 Vodafone multinational customers that are based outside the United States but have a “strong U.S. presence.” …

Who is Vodafone CEO India?

Sunil SoodSunil Sood is the Managing Director & Chief Executive Officer of Vodafone India Ltd. Over the last 15 years, he has played a pivotal role in establishing Vodafone India as one of the country’s largest telecom services companies and an admired brand.

What is the old name of Vodafone?

Vodafone was launched on 1 January 1985 under the new name, Racal-Vodafone (Holdings) Ltd, with its first office based in the Courtyard in Newbury, Berkshire, and shortly thereafter Racal Strategic Radio was renamed Racal Telecommunications Group Limited.

Why is Vodafone idea in loss?

Vodafone Idea is losing subscribers to rivals as it trims coverage to cut costs and has so far failed to win better payment terms from the government on the money it owes. Net debt was 1.2 trillion rupees as of the quarter ended June. The company’s net worth has turned negative, it said in the statement.

Is Airtel or Vodafone better?

In second place, with a score of 56.5 points, Vodafone also joined Airtel in the Good rating category….Video Experience Supporting Metrics.4G Video Experiencein 0-100 pointsV Vodafone61 (± 0.11)A Airtel60 (± 0.06)I Idea57 (± 0.12)J Jio53 (± 0.05)7 more rows

What is new name of Vodafone idea?

Vodafone Idea, one of the largest telecom operators in India, has rebranded as ‘Vi’ as it looks for a “fresh start” three years after the British telecom giant Vodafone Group’s India business and billionaire Kumar Mangalam Birla’s Idea Cellular merged in the country.

Who is the Vodafone owner?

On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1% stake in the combined entity and Aditya Birla Group holds a 26% stake. Kumar Mangalam Birla heads the merged company as the Chairman.

Will Vodafone idea recover?

With the SC verdict averting an immediate bankruptcy, the tariff raise comes as a long-term sustenance plan for the carrier. Ending a year-long tariff war, Vodafone Idea is finally back on a path to recovery, with plans to reclaim its lost customers and bolster finances.

Which is the fastest network in India?

Vi is the fastest mobile network in India The report suggests that Vi has the download speeds of 13.74 Mbps and the upload speeds of 6.19 Mbps to get the first position. The second position is acquired by Airtel with download speeds of 13.58 Mbps and upload speeds of 4.15 Mbps.

Is Vodafone going to be shut down?

It is unlikely that Vodafone Idea will shut down, as in the worst case scenario, they can move NCLT for a resolution.”

What went wrong with Vodafone idea merger?

The merger took a year to complete and was expected to provide more firepower against the other two players. However, subscribers left Vodafone-Idea in hordes. The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users.

What is the future of Vodafone idea?

The average revenue generated per user has almost halved from around Rs 205 per month per user five years ago, while operating expenses have increased due to the addition of the 4G network, on top of 2G and 3G. For the year ended March 2020, Vodafone Idea generated revenue of Rs 45,997 cr.