With the approval of the Federal Government's Department of Telecommunications, the merger of Vodafone India and Idea Cellular will create the country's largest mobile phone operator worth more than $23 billion with a 35 percent market share. In the combined entity, Vodafone will own a 45.1 percent stake, while the...
Ten Most Significant Changes in India in the Last Decade
Forbes documents the top ten most significant changes that India has witnessed from 2010 to 2017. Read a lightly edited summary of these below: 1) Emerging as one of the largest economies The recent economic expansion noted in India has brought a record number of people out of poverty. A...
Vodafone-Idea Merger Creates Telecom Giant in India
British telecom company Vodafone Plc announced the merger of its Indian wireless telephony businesses, with the Aditya Birla Group's Idea Cellular creating the largest telecom operator in the country, with a base of 400 million subscribers and 1,850 MHz of spectrum ownership. "India was earlier the jewel in our crown....
Indian, Foreign Contenders Partner on Navy Bid
India's Ministry of Defense reissued a request for proposal to three local private sector shipyards to build four amphibious assault ships for about $4 billion. All three contenders are permitted to enter into joint ventures with foreign original equipment manufacturers. ABG Shipyard, Larsen & Toubro, and Pipavav Defence & Offshore...