CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Vodafone India has renewed a multi-million dollar agreement with which IT sector to manage the latter’s IT services support for IT infrastructure and applications
A
IBM
B
Wipro
C
HP
D
TCS
Explanation: 

Detailed explanation-1: -Vodafone Idea Limited, the largest telecom operator in India, recently signed a five-year, multi-million-dollar agreement with IBM to modernize and consolidate its IT infrastructure.

Detailed explanation-2: -The main reason for the Vodafone-Idea merger was to tackle the rising dominance of Reliance Jio in the Indian Telecom sector. This will result in a brutal price war between all the major companies in this sector.

Detailed explanation-3: -The targeting strategy of Vodafone is concentrating on different sections of societies with their different offerings. It uses a selective and differentiated targeting strategy. Vodafone Idea is positioned as the fastest 4G network in India.

Detailed explanation-4: -Promoters Potentially Hold the Future of the Company If the promoters decide to infuse capital (a significant amount of it), then the government said that it would proceed with the equity conversion process. Post the dues to equity conversion, the Indian govt is expected to hold about a 33% stake in the company.

Detailed explanation-5: -On 7 September 2020, Vodafone Idea unveiled its new brand identity, ‘Vi’ which involves the integration of the company’s erstwhile separate brands ‘Vodafone’ and ‘Idea’ into one unified brand..

There is 1 question to complete.