CURRENT AFFAIRS

Detailed explanation-1: -The board of Vodafone Idea Ltd. (VIL ) has approved the merger of its unit Aditya Birla Telecom Ltd.

Detailed explanation-2: -The investment means the Indian government will have a stake in three telcos: Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL) and Vodafone Idea.

Detailed explanation-3: -Some latest reports have pointed that Vodafone Idea’s dues on AGRs has been pending for over 20 years, and it has now been warned that if it fails to get required funds by Feb 2023, the telco might have to shut down its operations.

Detailed explanation-4: -Vodafone Idea could have trouble surviving if its promoters, Vodafone Plc and Aditya Bira Group do not infuse capital by early 2023, as per a report in The Economic Times.

Detailed explanation-5: -Customer. The merger of Vodafone and Idea is a perfect example of a market that mostly benefits the customers. This deal released the telecom industry from the pressure of fierce prices and tariffs. The entry of Reliance Jio into the telecom industry had a huge impact.