2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bharti Airtel Ltd.
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Reliance Jio
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Airtel Limited
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Vodafone India
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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: -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.
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: -Reason for the merger It was a horizontal merger amongst the two biggest players in the telecom industry. This merger deal was worth $23 billion.