CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Idea cellular is merging with
A
BSNL
B
Reliance
C
Vodafone
D
Airtel
Explanation: 

Detailed explanation-1: -The company was created on 31 August 2018 by the merger of Vodafone India and Idea Cellular, to form a new entity named Vodafone Idea Limited.

Detailed explanation-2: -As part of the deal, idea will issue shares to Vodafone to the extent of 50% of the post-issue capital. Of these, Vodafone India will give a 4.9% stake in the merged entity to the Aditya Birla Group.

Detailed explanation-3: -Vodafone Idea Limited (Formerly known as Idea Cellular Limited) is the third largest wireless operator by subscribers in India with a Revenue Market Share of approximately 19.9% of the Indian mobile telecommunications services industry for the third quarter of Financial Year 2022.

Detailed explanation-4: -Idea Cellular (commonly referred to as Idea, and stylised as ! dea) was an Indian mobile network operator based at Mumbai, Maharashtra. Idea was a pan-India integrated GSM operator and had 220.00 million subscribers as of June 2018. Idea Cellular merged with Vodafone India and is now known as Vodafone Idea or Vi.

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