Connect with us

Business

Idea Cellular officially announce merger with Vodafone India

Published

8 years ago

on

Idea Cellular, Vodafone India, Aditya Birla Group, Kumar Mangalam, Business news

New Delhi: In one of the major boot to the telecom sector, Aditya Birla Group-promoted Idea Cellular and Vodafone India today announced the much-awaited merger which is considered as biggest merger till yet.

Board of Directors of Idea Cellular in a regulatory filing on Monday said, “Have approved the scheme of merger of Vodafone India Limited and its wholly owned subsidiary Vodafone Mobile Service Limited with the company (Idea).”

 

 

Idea Company said in a statement that Vodafone will own 45.1 per cent of the combined company.

It added, “The Aditya Birla Group will then own 26 per cent and has the right to acquire more shares from Vodafone under an agreed mechanism with a view to equalising the shareholdings over time.”

 

 

Chairman of Aditya Birla Group, Kumar Mangalam Birla said, “For Idea shareholders and lenders who have supported us thus far, this transaction is highly secretive, and Idea and Vodafone will together create a very valuable company given our complementary strength.”

 

 

The Chief Executive of Vodafone Group Plc, Vittorio Colao said, “The combination of Vodafone India and Idea will create a new champion of Digital India founded with a long-term commitment and vision to bring world-class 4G networks to villages, towns and cities across India.”

He added, “The combined company will have the scale required to ensue sustainable consumer choice in a competitive market and to expand new technologies -such as mobile money services – that have the potential to transform daily life of every Indian.”

 

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending