Vodafone Idea Limited: Latest Updates, Responses from Reliance Jio & Airtel
Vodafone Idea Limited- Latest Updates: Today the Telecom business is facing the worst competition ever. Users want high speed internet and cheap price at the same time which Reliance Jio somehow managed to provide their users. Many companies like Aircel & Reliance GSM are fully closed and few are submerged into another operator like Tata Docomo, Telenor,etc.
Idea & Vodafone decided to come along and face the competition together. Its now official of merging of Vodafone India and Idea Cellular was formally completed on Friday after the National Company Law Tribunal (NCLT) gave its approval, creating India’s largest telecom operator with over 400 million subscribers forming Vodafone Idea Limited
Now Vodafone Idea Limited has 32.2% of the Market share in Telecom sector in India with over 23$ Billion Users. The combined entity of Vodafone and Idea Cellular will have nearly 443 million customers surpassing Bharti Airtel’s 344 million users.
Vodafone Idea Limited
A new board has been constituted for the merged entity “Vodafone Idea Ltd’ with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO of Vodafone Idea Ltd. For more relevant information on the same you can visit their official website.
The telecom giant will topple Bharti Airtel from its current top position, and will make a healthy competition in Telecom sector, which has intensified with the aggressive entry of Reliance Jio.
The Tweet Game
The Company took the ‘micro-blogging’ site, twitter to make the official announcement about their merge from channel Aditya Birla Group, which owns India as a subsidiary.
It is official!
Merger of @Idea & @VodafoneIN is now complete. Vodafone Idea Limited now No.1 telecom service provider in India & No.2 globally. We're thrilled and excited about our new 408 million strong family and welcome all the new members! Read more: https://t.co/LbWhTq2vZ3 pic.twitter.com/OmKeFRha5r
— Aditya Birla Group (@AdityaBirlaGrp) August 31, 2018
In response Idea, to share this news with its followers made shout-out to vodafone, that we should make it official now.
Hey, @VodafoneIN you know they're all talking about us.
— Idea (@Idea) August 31, 2018
Vodafone, replying to Idea’s tweet didn’t take long to say “Yes” to the suggestion and kept moving the announcement.
— Vodafone (@VodafoneIN) August 31, 2018
Reliance Jio even welcomes them and wishes the best. Moreover, making tongue-in-cheek comment upon their merge. Referring to its entry in market since 2016. Reliance Jio had played a great role in bringing other telecom companies to come together and face Jio’s tough competition.
— Reliance Jio (@reliancejio) August 31, 2018
Bharti Airtel came forward to congratulate them. Airtel responded to the public display of affection by adding its own perspective. “Welcome to the top. We know what it feels like,” the company said, in a tweet.
Congratulations you guys! Welcome to the top. We know what it feels like 😉 https://t.co/y0EZm0y0ON
— airtel India (@airtelindia) August 31, 2018
In response to Bharti Airtel & Jio’s Tweet- Vodafone, Thanked everyone and by teasing the gatecrashers (As per Vodafone’s view) included them also in its greetings.
Thanks for the love, everyone. We gracefully accept all your wishes. Latecomers and gatecrashers included.❤️
— Vodafone (@VodafoneIN) September 1, 2018
Afterall, the benefit is all of our users. We should appreciate the hard-work these telecom companies are doing day by day to withstand the Telecom sector’s competition.