Vodafone Idea Limited, the merged entity of Vodafone India and Idea Cellular, announced the successful consolidation of nearly 25% of its pan-India radio network integration within five months of their merger. The customers of both companies will experience a unified network experience on 2G, 3G and 4G in eight telecom...
In 2018 M&As Lead $100-Bn Plus Deals in India
2018 proved to be a robust year for mergers and acquisitions for Indian corporations. Powered by the Insolvency and Bankruptcy Code and an extremely competitive atmosphere in the mobile and e-commerce space, dealmaking crossed $100 billion for the first time ever. As the government pushed for resolutions, there was a...
Idea-Vodafone Merger Creates India's Biggest Telco
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...
Broadband Market Subscribers Increase in India
The Telecom Regulatory Authority of India (TRAI) released the latest market share chart for broadband for both fixed and wireless segments. The number of broadband subscribers increased to almost 3 percent from 420 million in April 2018 to 432 million in May 2018. India has 17.94 million (–0.16 percent) wired...
India's Bharti Infratel, Indus Towers to Merge
Kohlberg Kravis & Roberts and Canada Pension Plan Investment Board-backed mobile infrastructure company Bharti Infratel will merge its operations with Indus Towers to form a new $15 million entity. Currently, Indus Towers is jointly owned by Bharti Infratel (42%), Vodafone (42%), the Idea group (11.15%) and Providence (4.85%). This merger...
India Telecom M&As Exceeded $14 billion in 2017
In 2017, India's telecom sector recorded $14.7 billion worth M&A deals -- a more than 5-fold increase in value terms from the previous year. Wireless tariff wars, the entry of Reliance Jio, heavy investment in spectrum and network infrastructure, among others, acted as triggers for the M&A deals. Main deals...