Idea Cellular and Vodafone India have completed the merger and to be called Vodafone Idea. Both the companies to create the country’s largest telecom company with 408 million active subscribers and a revenue market share of 32.2%. The merger is expected to generate Rs 14,000 crore annual synergy, including OPEX synergies of Rs 8,400 crore, equivalent to a net present value of approximately Rs 70,000 crore.
Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.
