CURRENT AFFAIRS

Detailed explanation-1: -Vodafone Idea, the country’s largest telecom operator, on Tuesday said it has entered into “an industry first strategic alliance” with Home Credit India to offer finance assistance to customers buying any 4G smartphone.

Detailed explanation-2: -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-3: -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-4: -With this, the government will have a 33 per cent stake, making it the biggest shareholder in the financially-stressed telecom joint venture between UK’s Vodafone and Kumar Mangalam Birla-owned Aditya Birla Group. The development comes nearly 13 months after the Vi board cleared the interest conversion.

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.