Vodafone and Idea Merged To Form VI

Vodafone and Idea Merged To Form VI-(Vodafone-Idea).

                                      

Why Vodafone and Idea Merged To Form VI ?

Vodafone and Idea Brands are now "Vi" VIL marks completion of world's largest integration with the

launch of single brand identity - Vi .

Vodafone and Idea have integrated to transform into the new identity -- 'Vi'. The announcement was made by Ravinder Takkar, MD & CEO, Vodafone Idea. "In less than two years time we have achieved the mammoth task of world's largest integration.As the integration of the two brands is complete, its time for a fresh start," said Ravinder Takkar during the live webcast of the announcement on September 7, Monday.

"Vodafone Idea came together as a merged entity two years ago. We have, since then focused on integrating two large networks, our people and processes. And today I am delighted to present Vi, a brand that will bring important meaning to lives of our customers. Indians are optimistic and ant to get ahead in life. They would love a credible partner to help them on this journey. Vi's positioning is built around this promise and will focus on meeting the customer needs to help them thrive," said Takkar.

Kumar Mangalam Birla, Chairman, Aditya Birla Group & Vodafone Idea, on the launch of the new brand said, "India is the 2nd largest telecom market and the largest data consumer, globally. With 1.2 bn Indians accessing voice and data services at the world's lowest tariffs across 5 lakh villages, the ubiquitous wireless network in India is unmatched for its reach and impact in people's lives. With our new brand - Vi, we stand committed to partner the Government to accelerate India's progression towards a digital economy, enabling millions of citizens to connect to the digital revolution and build a better tomorrow."

VODAFONE IDEA 

   

                                                                                                                                                                   

·        Board Approves Raising Upto Rs 25000 Cr	·        Plans To Rs 15000 Cr Via EquityADR/GDR/FCCB
·        Rs 15000 Cr To Be Raised Via NCDs	·        Total Raising Of Funds Not To Exceed Rs 25000 Cr
·        Shareholders Approval To Be Sought In Sept 30, 2020 AGM	·
·        June 30, 2020	·        Vodafone
·        Cash & Equivalent: Rs 3450 Cr	·        Net Debt: Rs 1.16 Lakh Cr
·        Annualised FY21 EBITDA: Rs 6100 Cr	·        Current Net Debt/Equity : 4x
·	·
·        Total Subscribers: 279.8 M	·        4G customers: 104.6 M
·        ARPU: Rs 114	·        Current Shareholding
·        AB Group: 27.66%	·        Vodafone Plc: 44.39%
·        Instl investors: 10.82%	·        Non-institutional: 17.13%

Vodafone Idea Statement Down Below:

 

EMBARGOED FOR RELEASE UNTIL 12:20 PM


TODAY Vodafone and Idea Brands are now "Vi" VIL marks completion of world's largest integration with the launch of single brand identity - Vi With VIL's 4G coverage expanded to nearly a billion Indians, new brand Vi, built to partner every Indian to create a better and brighter tomorrow VIL has set up world-class network with largest spectrum portfolio, huge capacity and built-in 5G ready technologies; delivering fastest 4G speeds in many markets incl. Delhi & Mumbai metros, as per Ookla Future fit, digital Telco, a customer champion, helping customers & businesses to thrive Mumbai, 7th September, 2020: Two of India's most loved and admired brands are now 'Together For Tomorrow' giving birth to a new brand called "Vi" (read as "We"). A brand with its eyes set on the future, it is built for and around customers. Vodafone Idea Limited (VIL) communicated its new unified consumer brand identity and positioning through a virtual launch today. The integration of two brands is a culmination of the largest telecom integration in the world. Vi is built to be strong, ever-dependable, agile, intuitive, and a brand in tune with the needs of the customers, in these ever-changing times. It is designed to help customers move ahead in life, for a better today and a brighter tomorrow. Vi is future ready and is committed to dynamically serve and enable a digital society to progress in life. Launching the new brand, Ravinder Takkar, MD & CEO, Vodafone Idea Limited said, "Vodafone Idea came together as a merged entity two years ago. We have, since then focussed on integrating two large networks, our people and processes. And today I am delighted to present Vi, a brand that will bring important meaning to lives of our customers. Indians are optimistic and want to get ahead in life. They would love a credible partner to help them on this journey. Vi's positioning is built around this promise and will focus on meeting the customer needs to help them thrive. " "The brand integration not only marks the completion of the largest telecom merger in the world, but also sets us on our future journey to offer world class digital experiences to 1 Billion Indians on our strong 4G network. VIL is now leaner and agile, and the deployment of many principles of 5G architecture has helped us transform into a future-fit, digital network for the changing customer needs. The new brand launch signifies our desire to Vodafone Idea Limited (formerly Idea Cellular Limited) myvi.in


An Aditya Birla Group & Vodafone partnership