Question: Who Is The Idea Owner?

Can Vodafone idea shut down?

It is unlikely that Vodafone Idea will shut down, as in the worst case scenario, they can move NCLT for a resolution.” In 1999, telecom industry migrated to the revenue sharing regime from the earlier fixed license fee era..

Who is the owner of Idea SIM card company?

Kumar Mangalam BirlaTell you, Idea Cellular is owned by Kumar Mangalam Birla.

Why is Idea stock falling?

The fall was on the back of the telco posting a loss of Rs 11,643.5 crore for the fiscal fourth quarter, its seventh successive three-month period in the red, hurt by loss of subscribers, high finance costs and a one-time charge related mainly to its statutory dues.

Who is the CEO of Vodafone idea?

Ravinder Takkar (Aug 19, 2019–)Vodafone Idea/CEORavinder Takkar is the Managing Director and Chief Executive Officer (MD & CEO) of Vodafone Idea Limited, India’s leading telecom service provider, effective 19th August 2019.

What went wrong with Vodafone idea merger?

The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users. The month of June ended with Vodafone-Idea having just 320 million users. However, the merger failed to solve both the company’s existing issues.

Will Vodafone idea survive?

Financially, Vodafone-Idea is not in a position to pay this large amount of money and they would not survive if there is no further equity injection in the company and they continue to lose market share like this. (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets.

How is the owner of idea?

Vodafone IdeaTypePublicTotal assets₹- 2,269,196 million (US$−32 billion) (2020)Total equity₹- 59,799 million (US$−840 million) (2020)OwnersVodafone Group (45.1%) Aditya Birla Group (26.0%) Axiata Group Berhad (8.17%) Private Equity (20.73%)Members314.62 million (30 April 2020)15 more rows

Why is Vodafone idea in loss?

In a regulatory filing, Vodafone Idea (VIL) reported widening of March quarter net loss to Rs 11,643.5 crore. ETTelecom Vodafone Idea maintained it plans to monetise its 11.15 per cent stake in Indus Towers on completion of the Indus-Infratel merger.

Is Vodafone is a Indian company?

Vodafone India. Vodafone India was the Indian subsidiary of UK-based Vodafone Group plc and was a provider of telecommunications services in India with its operational head office in Mumbai.

Is Vodafone or Idea better?

No Vodafone is far better in terms of reach and network strength than Idea. Now as they both are on the verge of merger Idea will share the same frequency and technology as Vodafone. You take Any Network from Airtel, Idea or Vodafone is same in terms of offers and Tariff.

Who is Vodafone CEO India?

Sunil 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.

Is idea merged with Airtel?

Vodafone India and Idea Cellular had merged on August 31, 2018 and the combined subscriber base of the merged entity stood at 441.65 million. During the same time, the subscriber base of Bharti Airtel was 345.88 million while that of Reliance Jio was 239.23 million.

Is idea an Indian company?

Idea Cellular. Idea Cellular Limited (commonly referred to as Idea, and stylised as !dea) was an Indian mobile network operator based at Mumbai, Maharashtra. Idea was a pan-India integrated GSM operator and had 220.00 million subscribers as of June 2018.

What is the future of idea?

Analyst Future Growth Forecasts Earnings vs Market: IDEA is forecast to remain unprofitable over the next 3 years. High Growth Earnings: IDEA is forecast to remain unprofitable over the next 3 years. Revenue vs Market: IDEA’s revenue (7.4% per year) is forecast to grow slower than the Indian market (8.1% per year).

Will Vodafone shut down in India?

Is Vodafone or Idea closing down? No. Vodafone and Idea are joining forces to become Vodafone Idea Limited- India’s Largest Telecom Company! If you’re a Vodafone or an Idea customer, we remain committed to providing you with the best experience every day, and your services will continue as normal.

Why did Vodafone sell Hutch?

NEW DELHI: If Vodafone acquires Hutch, the country’s fourth largest mobile operator with 22 million subscribers, then India will account for its third largest customer base. … Vodafone will acquire about 22.10% market share of the 100 million Indian mobile subscribers through Hutch.