Vodafone-Idea To Be The largest Telecom Service Provider In India

The Merger of Kumar Mangalam Birla-owned Idea Cellular with Vodafone India could be the biggest merger in the Indian Telecom Industry as they are to topple Airtel as the largest Telecom Service Provider In India.The combined subscriber count of the merged entity would be nearly 39 crores, substantially higher than Airtel’s 27 crores and Jio’s present number of 7.2 crores.The deal has been arrived at with an implied enterprise valuation of Vodafone India Rs 82,800 crore and that of Idea Cellular at Rs 72,200 crore.The combined entity will have roughly Rs 80,000 crore of annual revenues and 400 million customers. This works out to a 41 percent market share by revenues, and 35 percent market share by subscribers.

With Jio entering into the Indian Market has disrupted the entire Industry with it getting 1 Million customersĀ in 100 days, Aircel- RComm merger, Airtel acquiring Telenor and this Vodafone-Idea Merger. The Companie are battling it out with each other in giving huge data offers to customers with unlimited calling similar to that of Reliance Jio.