Media Releases


Merger of Idea Cellular and Vodafone India completed - A new Champion for Digital India is born!

Simple sheet

Aug 31 2018
Vodafone Idea Limited is India’s largest telecom service provider with over 408 million subscribers, #1 RMS in 9 circles, broadband network of 340,000 sites, widest distribution reach with 1.7 million retail outlets. Both Vodafone and Idea brands to continue. 

- Vodafone Idea Limited – An Aditya Birla Group & Vodafone Group partnership - becomes operational as India’s leading telecom service provider with a subscriber base of over 408 million.

- New Board of Directors comprising 12 Directors (including 6 Independent Directors) constituted, with Mr. Kumar Mangalam Birla as the Chairman. 

- The Board has appointed Mr. Balesh Sharma as the CEO.

- Pan India Revenue Market Share (AGR) of 32.2%, and a #1 position in 9 circles.

- Growing broadband network (3G+4G) with over 340,000 broadband sites covering 840 million Indians. 

- Largest voice network with over 200,000 unique GSM sites4 to cover over 1.2 billion Indians (92% population coverage).

- Large spectrum portfolio of ~1850 MHz and an adequate number of broadband carriers, to provide superior consumer experience across 2G, 3G and 4G platforms.

- Widest distribution reach with over 1.7 million retailers and ~15,000 branded stores to service customers. 

- Both Vodafone and Idea brands, which have strong consumer affinity across metro, urban, rural and deep interior markets, will continue to operate. 

Financial Highlights

- Merger is expected to generate Rs. 140 billion annual synergy, including opex synergies of Rs. 84 billion, equivalent to a net present value of approximately Rs. 700 billion.

- The equity infusion of Rs. 67.5 billion at Idea and Rs. 86 billion at Vodafone coupled with monetization of standalone towers of both companies for an enterprise value of Rs. 78.5 billion, provides the company a strong  cash balance of over Rs. 193 billion post payout of Rs. 39 billion to the DoT. 

- Additionally, the Company has an option to monetise an 11.15% stake in Indus, which would equate to a cash consideration of Rs. 51 billion. 

- As at 30 June 2018, net debt was INR 1092 billion. 


On the occasion of the merger, Mr. Kumar Mangalam Birla, Chairman Aditya Birla Group and Vodafone Idea Limited, said, “Today, we have created India’s leading telecom operator.  It is truly a historic moment.   And this is much more than just about creating a large business.  It is about our Vision of empowering and enabling a New India and meeting the aspirations of the youth of our country.  The “Digital India”, as our Honourable Prime Minister describes it, is a monumental nation- building opportunity.  As Vodafone Idea, we are partnering in this initiative by building a formidable company of international repute, scale and standards.”

Vodafone Idea will accelerate India’s progression towards a digital economy, enabling millions of citizens to connect to the digital revolution and build a better tomorrow. We will continue to offer a wide variety of digital services and solutions under both of our popular and loved brands (Vodafone and Idea). Services - including Voice, Data, Mobile payments, IoT, advanced enterprise offerings and entertainment – will all be conveniently accessible via digital channels and extensive on-ground presence of 15,000 branded stores and 1.7 million retail touchpoints across the country.

Welcoming customers to India’s leading telecom network, Mr. Balesh Sharma, CEO, Vodafone Idea Limited, said, “As India’s leading telecom operator with two popular and loved brands, the company has the scale and resources to ensure sustainable customer choice and introduce new technologies. We are committed to offer both our retail and enterprise customers an excellent experience while fulfilling their evolving digital and connectivity needs via new products, services and solutions. We will offer them more network coverage, more value and more excitement. My team and I look forward to your continuing support and invite you to enjoy the Vodafone Idea experience.”

The merger brings together Vodafone India and Idea Cellular, two of India’s leading operators who played a key role in making mobile the most popular mode of communication and drove the telecom revolution across the country. The combined company is designed to be agile, digitally savvy and future fit. It is a professionally run world class organization, combining the best from both Vodafone India and Idea Cellular. The company is committed to create a truly ‘Digital India’ by enabling millions of citizens to connect, join the digital revolution and build a better tomorrow. It will accelerate India’s progression towards a digital economy with a portfolio of quality products and services on offer under both its popular and loved brands - Vodafone and Idea.

With 1850 MHz of total spectrum holding, over 200,000 unique GSM sites and ~235,000 kms of fibre, the merged company offers superior voice and broadband connectivity across the country, covering 92% of the population and reaching nearly 500,000 towns and villages. This extensive infrastructure will allow customers to remain confidently connected across the country and enjoy uninterrupted services even as it integrates and optimizes its network in a phased manner across circles.

In addition to superior quality voice and data service experience, customers will enjoy a variety of digital services and solutions including mobile payments, Internet of Things (IoT), advanced enterprise offerings and entertainment, conveniently accessible via digital channels as well as extensive on-ground presence through ~15,000 branded outlets and ~1.7 million retail touchpoints across the country. Vodafone Idea will continue to invest in developing world-class infrastructure and introduce newer and smarter technologies - IoT, high speed and secure leased lines, digital wallets, MIMO and cloud services. As the trusted partner for Indian enterprises, it will empower businesses with future-ready products and services to help them scale up, become more efficient and tap new, emerging opportunities in the digital era.

The Company draws on support from its two largest shareholders – Vodafone Group Plc and Aditya Birla Group – to drive excellence and value creation from this merger.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 408 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).  For more information, please visit: www.vodafoneidea.com

About Aditya Birla Group

A US $44.3 billion corporation, the Aditya Birla Group is in the League of Fortune 500 companies. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities.  Aon Hewitt, a reputed global consulting firm, in the ‘Best Employers 2018’ study conducted by them, have named Aditya Birla Group as the ‘Best Employer’ in India.  Over 50% of the Group’s revenues flow from its overseas operations in 35 countries. In the last 20 years, the Group has grown 20 times marking major milestones. For more information, please visit: www.adityabirla.com

About Vodafone Group

Vodafone Group is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 46 more, and fixed broadband operations in 18 markets. As of 30 June 2018, Vodafone Group had 534.5 million mobile customers and 19.9 million fixed broadband customers, including India and all of the customers in Vodafone’s joint ventures and associates. For more information, please visit: www.vodafone.com

Notes

Vodafone Group Plc owns a 45.2% stake and Aditya Birla Group owns a 26.0% stake, both on fully diluted basis.

As per quarterly disclosures by Idea and Vodafone

Market share based on VLR subscribers as of June 30, 2018 as reported by TRAI, Adjusted Gross Revenue (AGR) including wireline revenue, as reported by TRAI for the quarter ending June 30, 2018. 

Total GSM site count is approximately 270,000 as of June 30, 2018 including overlapping sites.

As per Vodafone- Idea merger announcement on March 20, 2017.

As of June 30, 2018 after adjustments for Rs. 39 billion payment towards differential between the entry fee paid and market price of 4.4 MHz spectrum, made to the DOT and Rs. 86 billion of equity funding contributed by Vodafone Group, in accordance with the terms of the merger agreement.

Based on Bharti Infratel’s 60 trading day VWAP of Rs. 291 as at 30 August 2018 and after applying a 10% discount to the implied Bharti Infratel March 2018 LTM EBITDA multiple of 7.5x

For enquiries, please contact:

Investor Relations

investorrelations@vodafoneidea.com

Tel: +91 9594003439

Media Relations

sudeep.bhalla@vodafoneidea.com

Tel: +91 9820018766

ANNEXURE

Details of Board of Directors and Senior Leadership Team

Vodafone Idea Limited: Board of Directors

Kumar Mangalam Birla

Chairman

Debnarayan Bhattacharya          

Non-Executive Director

Himanshu Kapania         

Non-Executive Director

Ravinder Takkar              

Non-Executive Director

Thomas Reisten              

Non-Executive Director

Vivek Badrinath

Non-Executive Director

Arun Kumar Adhikari    

Independent Director

Arun Thiagarajan            

Independent Director

Ashwani Windlass           

Independent Director

Doug Baillie       

Independent Director

Tarjani Vakil       

Independent Director

Uday Khanna    

Independent Director

 

Vodafone Idea Limited: Leadership Team

Balesh Sharma

Chief Executive Officer

Akshaya Moondra           

Chief Financial Officer

Ambrish Jain     

Chief Operations Officer

Nick Gliddon     

Chief Enterprise Business Officer

Manish Dawar   

Chief Integration Officer

Sashi Shankar   

Chief Marketing Officer

Vishant Vora      

Chief Technology Officer

Suvamoy Roy Choudhury           

Chief Human Resource Officer

Kavita Nair         

Chief Digital Transformation Officer

Navanit Narayan             

Chief Strategy Officer

P Balaji 

Chief Regulatory & Corporate Affairs Officer

Kumar Das         

Chief Legal Officer

Rajesh Srivastava            

Chief Commercial Officer



Mar 20 2019

Vodafone Idea’s Board fixes the record date and entitlement for rights issue of Rs. 250 billion, at Rs. 12.50 per share

Further to the meeting of the Board of Directors (‘Board’) of Vodafone Idea Limited (‘Company’) held on January 23, 2019 approving the offer and issue of fully paid-up and/or partly paid-up equity shares and/or other equity linked instruments by way of a rights issue to the eligible shareholders of the Company for an amount aggregating up to Rs. 250 billion in accordance with the applicable laws, 

the Board has today approved issuance of 20 billion fully paid up equity shares (face value of Rs. 10 each) at a price of Rs. 12.5 per share by way of a rights issue to the eligible shareholders as on the record date April 02, 2019.  The rights entitlement is determined as 87 equity shares for 38 equity shares held by the eligible shareholders. The issue will open on April 10, 2019 and will close on April 24, 2019.  



Mar 18 2019

VODAFONE IDEA & ZEE ENTERTAINMENT ADD A NEW DIMENSION TO CONTENT PARTNERSHIP

Mumbai, March 18, 2019: Vodafone Idea Limited, India's leading telecom operator and Zee Entertainment Enterprises Limited (ZEEL) announced a strategic partnership today for ZEE5 – the fastest growing OTT platform in the country. Under the strategic partnership, aimed at driving the growth of digital ecosystem in India, the content portfolio of ZEE5 will be available to Vodafone Idea customers on Vodafone Play as well as Idea Movies & TV app.

Customers of Vodafone Idea can now enjoy the entire content catalogue of ZEE5 thereby providing a seamless viewing experience via multiple devices. The association between the two industry leaders will help create a beneficial ecosystem for viewers that will drive the growth of video viewing in smaller cities and towns in times to come. The content of ZEE5 can be accessed by customers through Vodafone Play or idea Movies & TV app. The ZEE5 content is available across 12 languages like English, Hindi, Bengali, Malayalam, Tamil, Telugu, Kannada, Marathi, Oriya, Bhojpuri, Gujarati & Punjabi across genres like Kids content, Cineplays, Live TV and Health and Lifestyle content.



Mar 11 2019

Mumbai just got 2X faster-Vodafone Idea deploys latest technologies to enhance network experience for customers in Mumbai Metro

Mumbai, 11th March 2019: Vodafone Idea Ltd., the largest mobile operator in India, is on a major network modernization exercise in Mumbai metro. The operator is deploying new technologies such as Massive MIMO, Small Cells, TDD sites to enhance coverage and network capacity in the metro city.

Addressing the digital connectivity needs of its millions of customers in Mumbai, Vodafone Idea has deployed more than 5,000 Massive MIMO, small cells and TDD sites across several regions such as Church gate, Prabhadevi, Pali hill, Lokhandwala, Versova, Andheri, Jogeshwari, Bandra and Dadar. The operator has also installed over 1900 dedicated indoor coverage solutions for high rises and commercial places. The momentum of deploying latest technologies to enhance network capacity and coverage for richer customer experience will continue over the next few months.

Earlier speaking about this mammoth network integration and consolidation project, Mr. Vishant Vora, Chief Technology Officer, Vodafone Idea Ltd. said, “With meticulous pre-merger planning and rigorous post-merger execution, we have ensured that our customers remain confidently connected and enjoy uninterrupted services even as we integrate and optimize our network in a phased manner across circles. We have partnered the best of global vendors and equipment suppliers to bring the best network experience for our customers.”



Mar 04 2019

VODAFONE IDEA AND SHEMAROOME ANNOUNCE AN EXCLUSIVE CONTENT PARTNERSHIP

Vodafone Idea, India’s leading telecom operator, today announced a strategic partnership with Shemaroo Entertainment’s newly launched video streaming service - ShemarooMe. 

As a part of this exclusive partnership, subscribers of Vodafone Play and Idea Movies & TV apps will have full access to Shermaroo’s content library across Bollywood, Devotion, Kids and other such genres and languages. 



Feb 26 2019

Vodafone Idea Launches India's first iPhone Forever campaign for Customers

Vodafone Idea Limited, India’s leading telecom service provider, brings an exclusive proposition for Vodafone & Idea customers who have an iPhone or wish to buy one. 

India’s first iPhone Forever program, a first-of-its-kind, enables Vodafone and Idea post-paid customers to continue using their iPhones without worrying about repair costs in case of any unforeseen damage. In addition, they can also upgrade to the latest iPhone at the lowest price* as part of this program.



Feb 26 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in J&K

● World’s largest network integration underway in India; J&K becomes one of the first circles to complete full network integration

● 4G services enhanced for both Vodafone and Idea customers in cities such as Jammu, Katra, Rajouri, Punch, Bari Brahmana etc.

● Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

● Highest spectrum Availability, strongest in the market to provide Best in class 4G experience

Jammu, 26 Feb 2019: Vodafone Idea Ltd., India’s leading telecom service provider announced the successful consolidation of its radio network integration in J&K within a short span of just two months.

 

With this, J&K is amongst the first nine circles to complete integration in the world’s largest network integration exercise which is currently underway in India. J&K circle integration was completed within a short span of two months. The teams of Vodafone Idea and network partners worked in difficult conditions in the Himalayas, in peak winter season, to ensure that integration happens smoothly without disruptions.  



Feb 26 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in HP

●       World’s largest network integration underway in India; HP becomes one of the first circles to complete full network integration

●        4G services enhanced for both Vodafone and Idea customers in major cities - Shimla, Solan, Baddi, Dharmshala, Kangra, Nalagarh, Hamirpur, Una, Mandi, Kullu, Sunder Nagar, Manali etc.

●       Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

●       Highest spectrum Availability, strongest in the market to provide Best in class 4G experience

Shimla, 26 Feb 2019: Vodafone Idea Ltd., India’s leading telecom service provider announced the successful consolidation of its radio network integration in Himachal Pradesh within a short span of just two months. 

With this, Himachal is amongst the first nine circles to complete integration in the world’s largest network integration exercise which is currently underway in India. HP circle integration was completed within short span of two months. The teams of Vodafone Idea and network partners worked in difficult conditions in the Himalayas, in peak winter season, to ensure that integration happens smoothly without disruptions. 

 

 

Vodafone Idea coverage is now available across 59 Towns and 11,929 villages in the state of Himachal Pradesh. 4G coverage has expanded to over 43% population in the region covering 8 Districts including 45 Towns and 6,082 Villages in the region, for customers of both brands.



Feb 22 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in Bihar and Jharkhand

● World’s largest network integration underway in India; Bihar and Jharkhand become one of the first circles to complete full network integration

● 4G services enhanced for both Vodafone and Idea customers in cities Patna, Ranchi, Dhanbad, Bokaro, Gaya, Muzaffarpur.

● Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

● Highest spectrum Availability, strongest in the market to provide Best in class 4G experience

Patna, 22 February 2019: Vodafone Idea Ltd., India’s leading telecom service provider, today announced the successful consolidation of its radio network integration in Bihar and Jharkhand within a short span of just two months.

 

With this, Bihar and Jharkhand is amongst the first nine circles to complete integration in the world’s largest network integration exercise which is currently underway in India. The Bihar and Jharkhand circle integration which started in the month of December ’18 was completed within a very short span of just two months.   



Feb 21 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in NESA & Assam

● World’s largest network integration underway in India; NESA & Assam becomes one of the first circles to complete full network integration

● 4G services enhanced for both Vodafone and Idea customers in 57 major cities (Guwahati, Jorhat, Dibrugarh, Nagaon, Tezpur, Itanagar, Dimapur, Silchar etc)

● Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

Guwahati, 21 February 2019: Vodafone Idea Ltd., India’s leading telecom service provider, today announced the successful consolidation of its radio network integration in NESA & Assam within a short span of just two months.

 

With this, NESA & Assam is amongst the first eight circles to complete integration in the world’s largest network integration exercise which is currently underway in India.



Feb 21 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in Rest of West Bengal (ROWB)

● World’s largest network integration underway in India; ROWB becomes one of the first circles to complete full network integration

● 4G services enhanced for both Vodafone and Idea customers in the entire network with special focus in cities like Asansol, Durgapur, Burdwan, Kharagpore, Medinipore, Siliguri, Gangtok, Behrampur, Malda, Haldia, Coochbehare etc.

● Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service during integration

● Highest spectrum Availability - strongest in the market to provide Best in class 4G experience

Siliguri, 21 February 2019:  Vodafone Idea Ltd., India’s leading telecom service provider, announced the successful consolidation of its radio network integration in ROWB by Dec’18, within a short span of just two months.

 

With this, ROWB is the first eight circles to complete integration in the world’s largest network integration exercise which is currently underway in India.  The ROWB circle integration which started in the month of November’18 was completed by December 2018 within a very short span of just two months.



Feb 19 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in AP & Telangana

●       World’s largest network integration underway in India; AP & Telangana becomes one of the first circles to complete full network integration

●        4G services enhanced for both Vodafone and Idea customers in Hyderabad, Visakhapatnam, Vijayawada, Rajamundry, Tirupati, Kakinada, Warangal

●       Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

●       Highest spectrum Availability, strongest in the market to provide Best in class 4G experience

Hyderabad, 19 Feb 2019: Vodafone Idea Ltd., India’s leading telecom service provider, today announced the successful consolidation of its radio network integration in AP & Telangana within a short span of just two months.

With this, AP & Telangana is amongst the first eight circles to complete integration in the world’s largest network integration exercise which is currently underway in India. The AP&T circle integration which started in the month of December ’18 was completed within a very short span of just two months.   

Vodafone Idea coverage is now available across 391 Towns and 19.7K villages in AP & Telangana covering 92.5% area. 4G coverage has expanded to over 67% population in the region covering 23 Districts including 381 Towns and 8.5K Villages in the region, for customers of both brands.

According to Mr. Puneet Krishnan, Business Head, Vodafone Idea Ltd., “The successful consolidation of network in AP & Telangana circle will enable over 2 crore customers of Vodafone and Idea to enjoy a unified network experience on 2G, 3G & 4G.  We are deploying new age technologies to enhance customer experience as we are building a robust, future ready network in AP & Telangana”.

In other circles, network integration is taking place on a cluster-by-cluster basis and the subscribers of both Idea and Vodafone brands are gradually moving to a much larger and better network experience.  Post integration customer enjoying high speed 4G services with faster connectivity.

Speaking about this mammoth network integration and consolidation project,Mr. Vishant Vora, Chief Technology Officer, Vodafone Idea Ltd. said, “With meticulous pre-merger planning and rigorous post-merger execution, we have ensured that our customers remain confidently connected and enjoy uninterrupted services even as we integrate and optimize our network in a phased manner across circles. We have partnered the best of global vendors and equipment suppliers to bring the best network experience for our customers.”

A focused, 3-pronged strategy is driving this consolidation of two individually strong and overlapping networks:

  1. Make the better and dominant of the two networks in each circle as the anchor network
  2. Complement anchor network with required support from the other network, and
  3. Further enhance network capabilities and capacity with the introduction of new technologies such as Dynamic Spectrum Refarming (DSR), Spectrum Re-farming, M-MIMO and Small Cells.

This core strategy is being rigorously executed across all circles with meticulous planning and smart use of advances in technology by a team of experts from Vodafone Idea along with global vendors.

Further, war rooms have been set-up at national and circle levels to monitor and manage network performance on a real time basis led by Vodafone Idea’s 24/7 functioning world class SNOC in Pune. The company has undertaken special measures to avoid customer inconvenience with shifting, movement and deployment of equipment during the integration process.

About Vodafone Idea Limited

About Vodafone Idea Ltd. (formerly Idea Cellular Ltd) Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G and 4G platform. With the large spectrum portfolio to support the growing demand for data and voice, the company is committed to deliver delightful customer experiences and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. The Company is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.

For more information, please visit: www.vodafoneidea.com

Contact:

Natasha Gerald, 9711023283, natasha.gerald@genesis-bcw.com

Shruti Singh, 9654497747, Shruti.singh@genesis-bcw.com



Feb 14 2019

Vodafone Idea Successfully Completes Radio Network Consolidation in (Haryana) in just 2 months in Dec18 & Jan19

● World’s largest network integration underway in India; Haryana becomes one of the first to complete full network integration

● 4G services enhanced for both Vodafone and Idea customers in cities Sonipat,Panipat, Ambala,Bhiwani,Faridabad,Fatehabad,Karnal,Mahendragarh,Mewat,Palwal,Panchkula, Yamunanagar,Rohtak,Sirsa,Jind,Kurukshetra & Kaithal)

● Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

● Highest spectrum Availability, strongest in the market to provide Best in class 4G experience

Hisar, 14 February, 2019: Vodafone Idea Ltd., India’s leading telecom service provider, today announced the successful consolidation of its radio network integration in Haryana within a short span of just two months.

 

With this, (Haryana) is amongst the first eight circles to complete integration in the world’s largest network integration exercise which is currently underway in India.  



Feb 09 2019

Vodafone Idea Limited - Press Release Quarter 3 FY 2019

Media Release – February 06, 2019

Highlights for the Quarter

- Total revenue of Rs. 117.6 billion, -2.2% QoQ, a lower rate of decline compared to Q2 (-7.1% QoQ), due to good progress on our strategic actions to increase revenue. 

- The introduction of ‘service validity vouchers’ and other commercial initiatives resulted in a turnaround in revenue trends during the quarter, reflected in a month on month increase in daily revenues in December 2018. This trend continued in January 2019

- As expected, these actions led to higher churn of ‘incoming only’ or ‘minimal ARPU’ customers and reduced the total subscriber base to 387.2 million (vs. 422.3 million in Q2FY19).

- EBITDA1 of Rs. 11.4 billion, increased by 16.3% QoQ, driven by the reduction in operating expenses2 . Q3 operating expenses (excluding licence fee & spectrum usage charges and roaming & access charges) were reduced by ~Rs. 7.5 billion (annualized ~Rs. 30 bn) compared to pro-forma operating expenses in Q1 (i.e. the period prior to the merger).

- 4G subscriber base of 75.3 million, up 9.5 million during the quarter, supported by higher 4G coverage.

- Customers now benefit from a unified network experience in the eight service areas of West Bengal, Andhra Pradesh (excluding Hyderabad), Haryana, Madhya Pradesh, Himachal Pradesh, Assam, North East and J&K.

- The Board has approved a rights issue of up to Rs. 250 billion, with promoter shareholders reiterating their support

Know more


Feb 05 2019

VODAFONE IDEA AND GENUS POWER INFRA COMMENCE NARROWBAND IoT TRIALS

~Conducts advanced trials of NB-IoT enabled energy meters in India~

Mumbai, 5th February 2019: Vodafone Idea Business Services (VIBS), the enterprise arm of Vodafone Idea Ltd., country’s largest telco, has announced its strategic partnership with Genus Power Infra today. Through this partnership both companies are working together to establish a commercial scale POC (Proof of Concept) of NB-IoT networks in India.

Advanced trials are being conducted at Genus’s R&D facility at Jaipur, Rajasthan around one of the most promising use of NB-IoT - AMI (Automatic Metering Infrastructure). These intensive trials planned not just promise to bring in the age of massive IoT deployments in the country but also promises to take ahead the government’s mission of Digital India & Make in India initiatives.

Thrilled by this venture, Nick Gliddon, Chief Enterprise Business Officer, Vodafone Idea said, “Narrowband IoT is the next growth engine in the IoT space which allows greater network coverage, improved battery life of 10 years plus for devices, and the ability to slice and partition the network for specific use case, to make massive IoT deployments commercially viable for enterprises across verticals. We are excited to partner with Genus Power Infra, a leader in energy meter manufacturing and look forward to bring alive more exciting deployments and projects which will help build a better digital enabled India and make truly smart cities a reality soon. With the power of NBIoT, we look forward to bringing digital transformation in the fields of agriculture, healthcare, utilities (energy, water & gas distribution) and smart city applications”

While in the past, cellular networks were built to connect “people”, Narrowband IoT is the first of its kind cellular network technology primarily built to connect “things”. Apart from smart utility metering, NB-IoT enables scalable deployments of various smart city use cases e.g. smart street lighting, smart parking etc. It also promises to benefit agriculture industry in rural areas, giving rise to new crop monitoring systems, automated feeding for crops and herds all helping to shape the connected farm of the future. This is apart from its myriad use in health and patient monitoring, people and asset tracking which is already positioning  NB-IoT as the leading standard for IoT.

Commenting on jointly working with Vodafone Idea Business Services, Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infra said, ”As a leader in the smart metering industry, we are very pleased to be the first in India to conduct advanced trials of NB-IoT enabled meters in partnership with Vodafone Idea Business Services, a global leader in IoT. Genus has conducted NB-IoT trials globally and has been a part of the digitization and power reforms phase in India. We are committed to supply smart and sustainable solutions to the power sector in the country.”

Vodafone Plc has earlier launched NB-IoT networks in many countries including Czech Republic, Germany, Ireland, Italy, Australia, Netherlands, South Africa etc. and is the global leader in managed IoT, with 74 million plus connections and network and services platform supporting a wide range of business-critical applications. 

Genus Power Infra is a pioneer in AMI and therefore was an apt ally for such initiative in India. Genus has been an exporter of smart energy meters particularly to SEA / Africa and is also planning to commercially produce NB-IoT enabled smart meters both for India and the global markets. 

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 422 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

 

Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).  For more information, please visit: www.vodafoneidea.com

 

For more information, please visit www.vodafoneidea.com

Contact – Natasha Gerald, 9711023283, natasha.gerald@genesis-bcw.com



Feb 03 2019

Vodafone Idea Successfully Consolidates 25% of its Nationwide Radio Network in just 5 months

●       World’s largest network integration underway in India

●       Full Radio Network Consolidation achieved in 8 circles within 5 months of merger completion

●       4G services enhanced in key metros of Kolkata, Mumbai and Bangalore

●       Multi-level war rooms set-up to ensure Customers Enjoy Uninterrupted Service

Mumbai, 3rd February 2019: Vodafone Idea Ltd., India’s leading telecom service provider, today announced the successful consolidation of nearly 25% of its pan-India radio network integration within a short span of just five months.

 

With this integration of network, customers of both Vodafone and Idea brands are able to enjoy a unified network experience on 2G, 3G & 4G, in the service areas of West Bengal, Haryana, HP, Assam, North East, AP & Telangana (excl. Hyderabad), J&K and MP & Chhattisgarh.

 

In addition to the full radio network consolidation of the above 8 service areas, 4G radio network consolidation has been completed in the city of Bangalore, and high speed 4G services have now been made available to both Vodafone and Idea customers in Kolkata metro. The company has also re-farmed 10 MHz of 4G spectrum of Vodafone in Mumbai to enable its customers in the metro get better data experience. In other circles, network integration is taking place on a cluster-by-cluster basis and the subscribers of both brands are gradually moving to a much larger and better network.

 

Speaking about this mammoth network integration and consolidation project, Mr. Vishant Vora, Chief Technology Officer, Vodafone Idea Ltd. said, “With meticulous pre-merger planning and rigorous post-merger execution, we have ensured that our customers remain confidently connected and enjoy uninterrupted services even as we integrate and optimize our network in a phased manner across circles. We have partnered the best of global vendors and equipment suppliers to deploy new age technologies, with in-built customizations and novel innovations to ensure a rich customer experience while building a robust, future ready network.”

 

A focused, 3-pronged strategy is driving this consolidation of two individually strong and overlapping networks:

  1. Make the better and dominant of the two networks in each circle as the anchor network.
  2. Complement anchor network with required support from the other network, and
  3. Further enhance network capabilities and capacity with the introduction of new technologies such as Dynamic Spectrum Refarming (DSR), Spectrum Re-farming, M-MIMO and Small Cells.

 

This core strategy is being rigorously executed across all circles with meticulous planning and smart use of advances in technology by a team of experts from Vodafone Idea along with global vendors.

Further, war rooms have been set-up at national and circle levels to monitor and manage network performance on a real time basis led by Vodafone Idea’s 24/7 functioning world class SNOC in Pune. The company has undertaken special measures to avoid customer inconvenience with shifting, movement and deployment of equipment during the integration process.

 

Update on Network Integration: Key Facts

●        Over the last 5 months nearly 25% of the radio network has been successfully consolidated.

●        Radio network consolidation completed in 8 circles - West Bengal, Haryana, HP, Assam, North East, AP & Telangana (excl. Hyderabad), J&K and MP & Chhattisgarh, resulting in good improvement in 4G data throughput and coverage.

●        4G coverage extended to over 750 mn population on a pan-India level

●        With joint spectrum firing, 4G throughput has shown quick improvement of “1X to 2X” in many of these service areas.

●        4G ICR is now available in over 60K sites across all circles.

●        Enhanced the capabilities of more than 4.7K sites through dynamic spectrum re-farming.

●        By end of Jan 2019, nearly 45K co-located and low utilisation sites have been switched off.

 

The formation of Vodafone Idea Ltd on August 31, 2018, following the successful merger of Vodafone India and Idea Cellular, set the stage for the world's biggest telecom network integration in India.

 

Vodafone Idea is the telecom service provider of choice for nearly 422 million customers, and we remain fully committed to offering all our customers the best of experience.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 422 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. 

 

Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).  For more information, please visit: www.vodafoneidea.com

 

 

For more information, please visit www.vodafoneidea.com

Contact – Natasha Gerald, 9711023283, natasha.gerald@genesis-bcw.coms



Jan 28 2019

VODAFONE IDEA PARTNERS WITH SUN NXT; STRENGTHENS ITS SOUTH INDIAN CONTENT OFFERING

Vodafone Idea Ltd, the largest telecom service provider in India, today announced a strategic partnership with Sun TV Network – south India’s biggest entertainment network. Sun TV Network’s OTT platform, Sun NXT, caters to Tamil, Telugu, Kannada and Malayalam audiences having over 50,000+ hours of content and will now be accessible to Vodafone Idea customers. This partnership will offer Vodafone Idea’s customers access to Sun NXT’s exclusive digital content. 

Customers are increasingly looking forward to entertainment in regional languages. Through this partnership, Vodafone Idea has widened its bouquet of regional content through Sun NXT on Vodafone Play and Idea Movies and TV app respectively. Sun NXT will power 30 + Live TV channels, 4000+ movies and a huge repository of TV shows, music videos and short format content on both Vodafone Play and Idea Movies & TV App. Vodafone Idea is first in the industry to launch this partnership for the entire catalogue including movies.

The customers will be able to access top TV channels like Sun TV, Gemini TV, Udaya TV, Surya TV and many other such channels and also popular movies and top-rated TV shows across the four languages on Sun NXT through Vodafone Play and Idea Movies & TV.

Commenting on the partnership, Sashi Shankar, Chief Marketing Officer, Vodafone Idea Limited said, “When it comes to content, we are singularly focused on providing entertainment to our customers keeping in mind their consumption, language and culture. We believe that video and vernacular are the new growth drivers in digital content consumption today, especially in markets of South India. Regional content creates affinity amongst the consumers. We are delighted to partner with Sun TV Network to provide enriched entertainment to our customers by offering high quality regional content on Vodafone & Idea’s Mobile apps.”

 

Sun NXT Spokesperson said 

Vodafone Play and Idea Movies & TV app has built a robust portfolio of regional content. Now with Sun NXT, customers will have access to South India’s biggest movie library, Top TV shows and Live TV in their native language.

From its launch in June 2017 till now, Sun NXT has fast become the most preferred content consumption destination for South Indians, not only in India but also across the World.

Our Digital First strategy for releasing movies in South Indian languages won the hearts of our audience. Movies like ‘96’, ’Ratsasan’, ‘Tik-tik-tik’, ‘Raajakumara’, ‘Tagaru’, ‘Agnyaathavaasi’, ‘Jai Lava Kusha’, ‘Uncle’, ‘Abrahaminte Santhathikal’ etc received tremendous response on our Digital mediums. Our TV shows like Nayagi, Lakshmi Stores, Chandrakumari, Kalyana Veedu, Kanmani, Mathrudevobhava, Nandini, Mogalirekulu, etc. are now well received both on TV and Sun NXT. With Vodafone Idea partnership, we are now looking forward to reaching a wider audience and providing them quality entertainment at their convenience.

 

Vodafone Play

The Vodafone Play app is a one-stop entertainment destination to enjoy live TV Shows, latest movies and original content. Downloaded by more than 10 Million+ Vodafone Subscribers it gives access to over 9500+ movies,in16 different languages, 300+ live TV channels along with a huge catalogue of original web series and International TV Shows across all genres.

 

Idea Movies and TV

Idea Movies & TV app is an ultimate gateway to popular movies and video watching experience. The robust library comprises of 8500+movies, 400+Live TV Channels, TV Shows and Original Content across various genres. With over 10 million+ downloads Idea Movies & TV app has been growing in popularity and rating of 4.4 on Play store.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 422 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

 

Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).  For more information, please visit: www.vodafoneidea.com

 

For more information, please visit www.vodafoneidea.com.

 

 Contact : Genesis Burson-Marsteller | natasha.gerald@bm.com



Dec 31 2018

New Year bonanza from Vodafone Idea No Blackout Days on 31st December ‘18 & in 2019

No Blackout Days on 31st December ‘18 & in 2019

New Year brings more joy for Vodafone Idea customers as they will not have to pay more for SMS on special days

Mumbai, December 31, 2018: As the clock ticks closer to midnight of New Year’s Eve, Vodafone Idea, the leading telecom network in the country, announced the discontinuation of blackout days on 31st December 2018 and all other such special days of the year 2019, for both Vodafone and Idea customers.

 

In the new regime, over 422 million Vodafone Idea customers will now be able to continue availing special SMS benefits, as per their packs, all 365 days a year with no exception of blackout days.

To delight customers, Vodafone Idea kicked in the elimination of special SMS charges on Christmas Day of the current year. This has been done keeping in mind customers who prefer to use SMS as a messaging service, and feature phone users who wish to connect with their loved ones on special occasions.

Vodafone Idea customers can now text on special days such as New Year’s Eve, 1st January, and other special days, without worrying about full rate charging.

Vodafone Idea offers multiple SMS packs starting as low as Rs. 12 giving discounted SMS rates.

Vodafone Idea is putting in all efforts to ensure that customers do not miss the opportunity to stay connected with their loved ones through sharing personalized SMS’s and commence the new year with warmth and good wishes.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 422 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For more information, please visit: www.vodafoneidea.com

For Further Information, please contact:

Genesis Burson-Marsteller | natasha.gerald@bm.com

 



Oct 23 2018

Coca-Cola partners with Vodafone Idea & eBest IoT to introduce Connected Coolers

A smart and efficient fleet of coolers powered by Internet of Things (IoT) provides valuable insight into consumer behaviour

Connected Coolers will be on display at the Vodafone Idea stall at IMC2018 in Aerocity, New Delhi from 25-27th Oct’18

New Delhi, October 25, 2018: Coca-Cola India, one of the country’s leading beverage companies, has collaborated with Vodafone Idea Business Services, the enterprise arm of Vodafone Idea Limited, the largest telecommunications service provider in India and eBest IoT, to introduce state-of-the-art Connected Coolers across the country. The IoT enabled fleet of Connected Coolers will enable Coca-Cola to understand consumer behaviour and use the insights to enhance consumer experience.

Under the partnership, Connected Coolers will be powered by Vodafone SuperIoT – an industry-first solution that enables end-to-end management of device, application, connectivity, service platform, support and security. The technology will also equip Coca-Cola’s partners to manage inventory, sales tracking, monitor usage pattern and track locations, thus enabling them to increase sales and enhance customer experience

Commenting on the collaboration, Sanjay Rawal, Chief Information Officer for Coca-Cola India and South-West Asia said, “Coca-Cola’s portfolio is expanding, and we are harnessing the power of technology to get consumer insights which can help us engage better with our consumers and provide choices tailored to their location and behaviour. The connected cooler is the next milestone in our journey towards digitizing the marketplace and establishing a connected environment with our consumers. We are delighted to have partners like Vodafone Idea Business Services and eBest IoT.”

To ensure that customers get the best taste, this IoT solution has turned static cabinets into intelligent assets through a sensor that detects temperature, humidity and door closing/opening and helps maintain the quality of the bottle of Coke delivered to the customer.

Announcing the partnership with Coca-Cola India, Nick Gliddon, Chief Enterprise Business Offer, Vodafone Idea Business Services said, “Vodafone Idea Limited is extremely pleased to partner with a global leader like Coca-Cola India to bring the benefits of Internet of Things closer to the consumers. As organisations embark on their digital journey, collaborations like this will enable them to harness the power of IoT, driving innovation and growth. I am confident that the introduction of Connected Coolers is the beginning of Coca-Cola’s journey in building a digital ecosystem for deepening their engagement with the Indian consumers.”

Karan Bakshi, Chief Executive Officer at ebest IoT said, “We are extremely happy to partner with Coca-Cola India for our Connected Retail Solution. We are confident that our solution will provide relevant insights to Coca-Cola and help them realize better ROI on their Cooling assets”

The pilot for the Connected Coolers has been successfully completed and they will be introduced in phased manner across the country.

About Coca-Cola India 

Coca-Cola India is one of the country’s leading beverage companies, offering a range of healthy, safe, high quality, refreshing beverage options to consumers. Since its re-entry in 1993, the company has been refreshing consumers with its beverage products - Coca-

Cola, Coca-Cola Zero, Diet Coke, Thums Up, Thums Up Charged, Fanta, Fanta Green Mango, Limca, Sprite, Sprite Zero, Maaza, VIO flavoured milk ‘Almond Delight’ and ‘Kesar Delight’, Minute Maid range of juices, FUZE tea, Georgia and Georgia gold range of hot and cold tea and coffee options, Aquarius, Schweppes, SmartWater, Kinley and Bonaqua packaged drinking water and Kinley Club Soda. The Company along with its owned bottling operation and other bottling partners, through a strong network of over 2.6 million retail outlets, touches the lives of millions of consumers, at a rate of more than 500 servings per second. Its brands are some of the most preferred and most sold beverages in the country – Thums Up and Sprite – being the top two selling sparkling beverages.

The Coca-Cola India system provides direct employment to 25,000 people and indirect employment to more than 150,000 people. The Coca-Cola system in India is contributing in its own small way to building sustainable communities through community initiatives like Support My School, VEER, Parivartan and Unnati and by reducing its own environmental footprint. For further information on the company's India operations and its products, please visit: www.coca-colaindia.com and www.hindustancoca-cola.com.Follow us on twitter at twitter.com/CocaCola_Ind, or on facebook.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 408 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For more information, please visit: www.vodafoneidea.com

 

For Further Information, please contact:

 

Adfactors PR | teamvodafonemum@adfactorspr.com

Kaveri Singh

M: 9871030182

E-mail: Kaveri.singh@mslgroup.com

Kaavya Narain

M: 9999633335

E-mail: kaavya.narain@mslgroup.com



Oct 22 2018

iPhone XR ARRIVES AT VODAFONE IDEA ON OCT 26TH

- Pre-book started – enjoy 48 hour home delivery in select cities post the sale starts

- Vodafone and Idea post-paid customers can avail of lost cost EMI options and enjoy additional benefits of a 20% discount on rental for a year

 - Enjoy same benefits on the purchase of newly launched iPhone XS and iPhone XS Max

Vodafone Idea Limited, India’s largest telecommunications service provider, today announced it will offer iPhone XR, bringing the latest iPhone innovations to more people. Customers will now be able to pre-order iPhone XR on Vodafone.in & Ideacellular.com. The iPhone XR will also be available for purchase starting on Friday, October 26, 2018. For complete pricing details, please visit Vodafone.in & Ideacellular.com

iPhone XR integrates breakthrough technologies from iPhone XS in all-screen glass and aluminium design featuring a 6.1-inch Liquid Retina display, the most advanced LCD in a smartphone, with wide colour support and True Tone for a more natural viewing experience. iPhone XR brings the smartest and most powerful chip in a smartphone with A12 Bionic, a next-generation Neural Engine built for advanced machine learning in everything from photography to augmented reality, the TrueDepth camera system, faster Face ID, an advanced camera system that creates dramatic portraits using a single camera lens, long all-day battery life and six beautiful finishes; white, black, blue, yellow, coral and RED. This new design is splash and water resistant with a rating of IP67 and protects against everyday spills including coffee, tea and soda.

Vodafone Idea Limited has introduced exciting offers for Vodafone Red and Idea Nirvana customers. Customers with a rental plan of INR 499 and above can buy the new iPhone on Vodafone.in & Ideacellular.com and avail a 48 hour home delivery in select cities post the sales start and 20% rental discount for 1 year.  Additionally, the customers can also avail of low cost EMI options to pre-order the iPhone XR. Customers can enjoy the same benefits on the purchase of newly launched iPhone XS and iPhone XS Max that are available for immediate purchase.

*iPhone XR is splash-, water- and dust-resistant, and was tested under controlled laboratory conditions with a rating of IP67 under IEC standard 60529 (maximum depth of 1 meter up to 30 minutes). Splash, water and dust resistance are not permanent conditions, and resistance might decrease as a result of normal wear. Do not attempt to charge a wet iPhone; refer to the user guide for cleaning and drying instructions. Liquid damage not covered under warranty.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 408 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For more information, please visit: www.vodafoneidea.com

For Further Information, please contact:

Vodafone India | indiacorpcomm@vodafone.com



Oct 15 2018

VODAFONE & IDEA CUSTOMERS CAN NOW SAVE 50% ON MONTHLY BILLS WITH CITIBANK CREDIT CARD

Vodafone Idea Limited, the largest telecom service provider in India, today announced a partnership with Citibank offering a unique proposition to its post-paid customers. In a first-of-its-kind offer, Vodafone and Idea post-paid customers can avail up to 50% discount on their monthly rental bills.  

 

To avail this offer, a customer simply has to apply for a new Citibank credit card and spend just INR 4000 within 60 days of the card issuance. Vodafone and Idea customers using Vodafone Red or Idea Nirvana plans of INR 399 & higher can enjoy a value proposition of cashback worth INR 2400 for a year on their post-paid rentals. The cashback would be offered at a rate of Rs. 200 per month for 12 bills.

Vodafone and Idea post-paid customers can apply for the new CitiBank credit card via My Vodafone App/ My Idea App, Vodafone and Idea website or Citibank website to avail the cashback offer.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 408 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For more information, please visit: www.vodafoneidea.com

 

For Further Information, please contact:

Adfactors PR | teamvodafonemum@adfactorspr.com

Genesis Burson-Marsteller | natasha.gerald@bm.com



Sep 25 2018

Vodafone Idea Partners PayTM to delight its Prepaid Customers

Customers using Vodafone and Idea branded prepaid services to enjoy cashback up to Rs. 25 and get exciting vouchers worth Rs. 375

Vodafone Idea Limited, the largest telecom service provider in India, today announced a partnership with Paytm, India’s largest digital payments company, to offer a unique proposition to its prepaid customers. This partnership offers Vodafone and Idea customers exclusive cashback offers and exciting vouchers on recharging through Paytm.

Vodafone and Idea prepaid customers who transact for the first time on Paytm, can avail an assured cashback of Rs. 25 on a minimum recharge of Rs. 149 done through Paytm while existing Paytm users can enjoy cashback of Rs. 20. Additionally, customers will get vouchers worth Rs. 375 from Paytm which can be used to buy movie tickets and to shop on Paytm Mall.

Vodafone Idea Limited is committed to create a truly ‘Digital India’ by enabling millions of citizens to connect, join the digital revolution and build a better tomorrow. It will accelerate India’s progression towards a digital economy with a portfolio of quality products and services on offer under both its popular and loved brands - Vodafone and Idea.

About Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider with over 408 million customers and revenue market share of 32.2% (Q1FY19). With a large spectrum portfolio and number of broadband carriers to support the growing demand for data and voice, the company is committed to deliver delightful experiences to customers and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. Vodafone Idea Limited continues to remain listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For more information, please visit: www.vodafoneidea.com

For Further Information, please contact:

Adfactors PR | teamvodafonemum@adfactorspr.com

Genesis Burson-Marsteller | natasha.gerald@bm.com



Jun 04 2018

Idea Cellular receives DoT approval for increase in FDI limit to 100%

Idea Cellular Ltd. has received approval on its application to increase Foreign Direct Investment (FDI) limit in the company to 100%, from the current 67.5%, from the Department of Telecom (DoT) today.

The approval is for total foreign investment upto 100% in Idea Cellular Ltd., and total indirect FDI in its relevant subsidiaries – Aditya Birla Telecom Ltd. and Idea Cellular Infrastructure Services Ltd.

The FDI approval is a major milestone in the merger process of Vodafone India with Idea Cellular, and follows other statutory approvals already received from the SEBI, NSE, BSE, CCI and NCLT Mumbai and NCLT Ahmedabad.

The merger of Vodafone India with Idea Cellular is in the final leg of regulatory approvals and is expected to complete in H1CY18, subject to the final approval from the DoT.



Nov 13 2017

American Tower to acquire the standalone tower businesses of Vodafone India and Idea Cellular

Vodafone India and Idea Cellular Limited (“Idea”)1 have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private Limited (“ATC TIPL”, formerly Viom)2 for an aggregate enterprise value of INR78.5 billion (US$1.2 billion)3.

 Vodafone India and Idea Cellular Limited (“Idea”) 1 have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private Limited (“ATC TIPL”, formerly Viom)2 for an aggregate enterprise value of INR78.5 billion (US$1.2 billion)3 .

 The standalone tower businesses of Vodafone India and Idea are pan-Indian passive telecommunication infrastructure businesses, comprising a combined portfolio of approximately 20,000 towers with a combined tenancy ratio of 1.65x as at 30 June 2017.

 Idea will sell its entire stake in ICISL and Vodafone India will sell a business undertaking to ATC TIPL.

 Both Vodafone India and Idea as customers, and ATC TIPL as a mobile network infrastructure provider, have agreed to treat each other as long-term preferred partners, subject to existing arrangements. The parties will work together to further the expansion of high speed mobile networks in India.

 After Vodafone India and Idea have completed their merger, ~6,300 co-located tenancies of the two operators on the combined standalone tower businesses will collapse into single tenancies over a period of two years without the payment of exit penalties4 .

 This transaction follows the Vodafone India / Idea merger announcement of 20 March 2017 whereby the parties announced their intention to sell their individual standalone tower businesses to strengthen the balance sheet of the combined business.

 In the event that the completion of the sale of the standalone tower businesses precedes the completion of the proposed merger of Vodafone India and Idea, Vodafone India will receive INR38.5 billion (US$592 million) and Idea will receive INR40.0 billion (US$615 million)5 . The receipt of these proceeds prior to completion was anticipated and provided for in the merger agreement and hence would not affect the agreed terms of the Vodafone India and Idea merger, including the amount of debt which Vodafone will contribute to the combined company at completion6.

  Completion of the transaction is subject to customary closing conditions and receipt of necessary regulatory approvals, and is expected to take place during the first half of calendar year 2018.



May 31 2018

Idea Cellular announces completion of sale of standalone tower business to ATC Telecom Infrastructure Private Limited

Idea Cellular (“Idea”), today announced the completion of sale of its pan-India standalone tower business, by way of divesting its entire stake in ICISL (100% subsidiary of Idea), to ATC Telecom Infrastructure Private Limited (“ATC”). The transaction has been closed with an enterprise value of Rs. 40 billion for approximately 9,900 standalone towers.

Vodafone’s sale of its standalone tower business to ATC has already been completed earlier for an enterprise value of Rs. 38.5 billion. Post the completion of Vodafone India and Idea merger, ~6,300 co-located tenancies of the two operators on the combined standalone tower portfolio will collapse into single tenancies over a period of two years without the payment of exit penalties. Both Vodafone India and Idea as customers, and ATC as a vendor, have agreed to treat each other as long-term preferred partners, subject to existing arrangements.

The receipt of both these proceeds prior to completion was anticipated and provided for, in the Vodafone India and Idea merger agreement and hence would not affect the agreed terms of the merger, including the amount of debt which Vodafone will contribute to the combined entity at the closing of merger transaction.

With this both Idea and Vodafone India have now monetised the standalone tower assets for a total enterprise value of Rs. 78.5 billion, as per the timelines provided at the time of the announcement in November 2017, strengthening the financial position of the merged entity.



Mar 22 2018

Vodafone Group and Aditya Birla Group announce the proposed new leadership team of the merger between Vodafone India and Idea Cellular

Vodafone Group Plc and Idea Cellular today announced the proposed leadership team of the combined business, which will come into effect after the merger has been completed. This is in line with the original merger announcement of 20 March 2017, which said that the management team of the combined business would be confirmed prior to closing.

Vodafone and Idea continue to make good progress in securing the required regulatory approvals for the merger, in keeping with the Modi Government’s commitment to improve the ease of doing business in India, and completion is expected to be in the first half of the current calendar year.

The existing leadership teams of Idea Cellular and Vodafone India will continue to manage their separate businesses and be accountable for each company’s operational performance until the merger becomes effective. It is only upon completion of the merger that the two businesses will cease to operate as distinct and competing entities.

Mr Kumar Mangalam Birla will be the Non-Executive Chairman of the merged Company. The composition of the proposed leadership team of the new company is as follows:

CEO - Balesh Sharma (currently Chief Operating Officer of Vodafone India). Balesh Sharma will be responsible for the combined business’s strategy and its execution as well as driving integration.

The following positions will report to the CEO:

 CFO - Akshaya Moondra, currently Chief Financial Officer at Idea.

 COO - Ambrish Jain, currently Deputy Managing Director at Idea, will be responsible for Circles Operations and Service Delivery.

 Nick Gliddon, currently Director – Vodafone Business Services at Vodafone India, will be responsible for the Enterprise Business.

 Manish Dawar, currently CFO of Vodafone India, will have overall responsibility for integration planning, governance and execution.

 Sashi Shankar, currently Chief Marketing Officer at Idea, will be responsible for Marketing and Brand strategy for the consumer business.

 Vishant Vora, currently Chief Technology Officer of Vodafone India, will have responsibility for networks and overall technology strategy.

 Prakash Paranjape, currently Chief Information Officer at Idea, will be responsible for the company’s IT operations.

 Suvamoy Roy Choudhury, who leads Vodafone India’s Human Resources, will be responsible for the Human Resourcesfunction.

 Kavita Nair currently the Associate Director, Commercial Operations, at Vodafone India, will lead digital transformation across all functions.

 Navanit Narayan, currently Chief Service Delivery Officer at Idea, will be in charge of Strategy.

 P Balaji, currently Vodafone India’s Head of Regulatory, External Affairs and CSR, will be responsible for Corporate and External Affairs.

 Kumar Das, currently Vodafone India’s General Counsel, will lead the legal function.

 Rajesh Srivastava, currently Chief Commercial Officer at Idea will hold charge of the Procurement Function. 

Anil Tandon and Rajat Mukherjee, currently Head of Technology and Head of Corporate Affairs of Idea will be full time advisers to the merged business in their respective areas of expertise, working closely with Vishant and Balaji, respectively. Both companies would like to express their immense gratitude to Himanshu Kapania and Sunil Sood for their successful leadership of Idea Cellular and Vodafone India respectively. They will continue in their current roles until such time as the merger completes. The commercial, operational and strategic experience of Sunil Sood and Himanshu Kapania are extremely important to both businesses and their support will be invaluable during the initial phase of the integration once the merger completes. Sunil Sood will join the Vodafone Group AMAP Leadership Team and also help governance through Board memberships. The Aditya Birla Group intends to nominate Himanshu Kapania as non-executive Board member of the merged entity.

Vodafone Group Chief Executive, Vittorio Colao, and Aditya Birla Group Chairman, Kumar Mangalam Birla, said “We are pleased to announce the proposed management team for the new company to be created through the merger of Vodafone India and Idea. The team has extensive operational experience and is an excellent blend of expertise from both companies. We look forward to the completion of the merger and competing as one company in the marketplace.” 



Mar 20 2018

Merger of Vodafone India and Idea: creating the largest telecoms operator in India

Vodafone to combine its subsidiary Vodafone India (excluding its 42% stake in Indus Towers) with Idea, which is listed on the Indian Stock Exchanges.

Highly complementary combination will create India’s largest telecoms operator1 with the country’s widest mobile network and a strong commitment to deliver the Indian government’s ‘Digital India’ vision.

Sustained investment by the combined entity will accelerate the pan-India expansion of wireless broadband services using 4G/4G+/5G technologies, support the introduction of digital content and ‘Internet of Things’ (IoT) services as well as expand financial inclusion through mobile money services for the benefit of Indian consumers, businesses and societyas a whole.

Merger of equals with joint control of the combined company between Vodafone and the Aditya Birla Group, governed by a shareholders’ agreement.

The merger ratio is consistent with recommendations from the joint independent valuers. The implied enterprise value is INR828 billion (US$12.4 billion) for Vodafone India and INR722 billion (US$10.8 billion) for Idea excluding its stake inIndus Towers, valuing Vodafone India at 6.4x EV/LTM EBITDA and Idea excluding its stake in Indus Towers at 6.3xEV/LTM EBITDA2.

Substantial cost and capex synergies with an estimated net present value of approximately INR670 billion (US$10.0billion) after integration costs and spectrum liberalisation payments, with estimated run-rate savings of INR140 billion (US$2.1 billion) on an annual basis by the fourth full year post completion3.

Vodafone will own 45.1% of the combined company after transferring a stake of 4.9% to the Aditya Birla Group for circa INR39 billion (circa US$579 million) in cash concurrent with completion of the merger. The Aditya Birla Group will then own 26.0% and has the right to acquire more shares from Vodafone under an agreed mechanism with a view to equalising the shareholdings over time.

If Vodafone and the Aditya Birla Group’s shareholdings in the combined company are not equal after four years, Vodafone will sell down shares in the combined company to equalise its shareholding to that of the Aditya Birla Group over the following five-year period.

Until equalisation is achieved, the voting rights of the additional shares held by Vodafone will be restricted and votes will be exercised jointly under the terms of the shareholders’ agreement.

Vodafone India will be deconsolidated by Vodafone on announcement and reported as a joint venture post-closing, reducing Vodafone Group net debt by approximately INR552 billion (US$8.2 billion) and lowering Vodafone Group leverage by around 0.3x Net Debt/EBITDA4. The transaction is expected to be accretive to Vodafone’s cash flow5 from the first full year post-completion.

The transaction is expected to close during calendar year 2018, subject to customary approvals.



Jul 24 2017

CCI approves proposed merger of Vodafone India, Vodafone Mobile Services Ltd., and Idea Cellular

Idea Cellular is pleased to confirm receipt of the letter from the Competition Commission of India dated 24th July 2017, according approval to the proposed merger of Vodafone India, Vodafone Mobile Services Limited, and Idea Cellular under sub section (1) of section 31 of the Act. 

The transaction is expected to close during calendar year 2018 subject to customary approvals.



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