2017
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Idea
|
|
|
Aircel
|
|
|
Airtel
|
|
|
JIO
|
Detailed explanation-1: -"Idea Cellular board approves merger with Vodafone India; shares tank 9%".
Detailed explanation-2: -Following the conversion it is expected that the government will hold around 35.8% of the total outstanding shares of the company and the promoter shareholders would hold around 28.5% (Vodafone Group) and around 17.8% (Aditya Birla group) respectively”, stated the company.
Detailed explanation-3: -In late 2006, the Aditya Birla Group consolidated majority ownership over Idea and assumed management control. In February 2007, Idea engaged in an initial public offering to raise the capital necessary to support a network expansion. The Aditya Birla Group (Birla) now owns 57% of Idea.
Detailed explanation-4: -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-5: -It has had a string of problems over the years, starting with the retrospective taxation case over the 2007 acquisition of a controlling stake in Hutchison Essar’s Indian assets internationally, the verdict over the repayment of adjusted gross revenue (AGR) dues and the slow roll-out of 4G services.