The Aditya Birla Group has announced that the merger of Idea Cellular and Vodafone India is complete, and the new firm is now operational as India’s leading telecom service provider with a subscriber base of over 408 million. In the merger, the Vodafone Group owns a 45.2 per cent stake and Aditya Birla Group owns a 26.0 per cent stake. A new Board of Directors comprising of 12 Directors (including six Independent Directors) has been constituted. Chairman of the Aditya Birla Group, Kumar Mangalam Birla is appointed as the Chairman of the board and Balesh Sharma, a Vodafone veteran, has been chosen as the CEO.
- Compare Mobile Phones NewsIn DepthPress ReleaseHow to'sReviews
- Digit SquadVideosPhotos Contest Hot Deals