MUMBAI: Himanshu Kapania<\/a>, the managing director of Idea<\/a> Cellular, is believed to have emerged the frontrunner to head what would be India’s largest telco<\/a> formed out of the ongoing merger between India’s No. 3 carrier and second ranked Vodafone<\/a> India, two people familiar with the matter said. 孟买:Himanshu Kapania的董事总经理的想法出现了蜂窝,被认为是领跑者印度最大的是什么电信形成了印度的3号航母之间的合并,第二排沃达丰(Vodafone)印度,两位知情人士说。
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\n“It’s only logical that Kapania should be heading it (the merged telco),” one of the people with direct knowledge of the matter, said. “The formal decision though hasn’t been taken. There’s enough time left (for the merger).”
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While the Aditya Birla Group<\/a>, whose chairman Kumar Mangalam Birla<\/a> has already been named chairman of the merged telco, declined to comment, Vodafone, in an emailed statement, denied that Kapania will be the CEO of the merged entity. “We categorically deny your speculation that Mr Himanshu Kapania will be the CEO of the entity formed post the merger of Idea Cellular and Vodafone India, and dismiss it as completely baseless, unfounded and unwarranted,” Vodafone said.
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\n“In the press meet held on March 20, 2017 to announce the merger, it was announced that Mr. Birla will be the chairman and the CFO position will be with Vodafone. It was also stated, repeatedly emphasised and clarified multiple times during the press meet that the CEO and COO of the merged entity will be announced prior to completion of the merger, which is expected in calendar year 2018. Further, both Mr. Birla and Mr. Colao had in person met and addressed all your queries regarding this,” the release added. The telco added that there is no change in stance.
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UK’s Vodafone Group and India’s diversified Aditya Birla<\/a> Group are in the process of merging their local telecom units – Vodafone India and Idea – with equal ownership to create India's largest mobile phone company with about 400 million customers, 35% customer market share and 41% revenue market share. Once completed in mid-2018, the merged company would be stronger placed to take on the severe competitive pressures triggered by the entry of Reliance Jio.
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\nBesides the decisions on the top executives, the two companies agreed that promoters of Idea and Vodafone will have the right to nominate three directors each on the board of the combined entity which will be comprised of 12 directors, six of whom will be independent. The names of the rest of the management team are still being decided, one of the people said. The merger is currently awaiting clearance from various authorities such as markets regulator Sebi and the Competition Commission of India.
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If Kapania does take charge of the merged company, he will have his task cut out to deal with falling revenue and profits amid intense price competition. Kapania has been among the most vocal as the industry<\/a> sought sops from the government to tide over the financial mess with debt rising to nearly Rs 5 lakh crore, and fear of loan defaults rose as cash flows dried up. \n<\/p><\/body>","next_sibling":[{"msid":59395492,"title":"Govt imposes 10% customs duty on imported mobile phones","entity_type":"ARTICLE","link":"\/news\/govt-imposes-10-customs-duty-on-imported-mobile-phones\/59395492","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":59395600,"entity_type":"ARTICLE","title":"Idea's Himanshu Kapania leads race to run merged Vodafone entity","synopsis":"\u201cIt\u2019s only logical that Kapania should be heading it (the merged telco),\u201d one of the people with direct knowledge of the matter, said.","titleseo":"telecomnews\/ideas-himanshu-kapania-leads-race-to-run-merged-vodafone-entity","status":"ACTIVE","authors":[{"author_name":"Baiju Kalesh","author_link":"\/author\/1805\/baiju-kalesh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/1805.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":1805,"author_name":"Baiju Kalesh","author_seo_name":"baiju-kalesh","designation":"Correspondent","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479212895\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212895.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479212895,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-07-01 08:22:13","lastupd":"2017-07-01 08:23:42","breadcrumbTags":["Himanshu Kapania","Vodafone","industry","Kumar mangalam birla","idea","Aditya Birla Group","Aditya Birla","telco"],"secinfo":{"seolocation":"telecomnews\/ideas-himanshu-kapania-leads-race-to-run-merged-vodafone-entity"}}" data-authors="[" baiju kalesh","devina sengupta"]" data-category-name="" data-category_id="" data-date="2017-07-01" data-index="article_1">
“只有逻辑Kapania应该标题(合并电信),”一位知情的,说。“虽然还没有被正式的决定。有足够的时间离开(合并)。”
而Aditya Birla集团的主席Kumar Mangalam贝拉已经被合并电信主席拒绝置评,沃达丰(Vodafone)在一份电邮声明中否认Kapania将合并后的实体的首席执行官。“我们断然否认你的猜测Himanshu Kapania先生将实体形成的CEO职位的合并细胞和沃达丰印度,并把它作为完全毫无根据的,毫无根据的,毫无根据的“沃达丰说。
“媒体满足3月20日举行,2017年宣布合并,贝拉先生会主席宣布与沃达丰(Vodafone)和首席财务官的位置。也说,多次反复强调和澄清在新闻满足的首席执行官和首席运营官合并后的实体将会宣布之前完成合并,预计在2018年。此外,贝拉先生和Colao先生都亲自遇到和处理你所有的关于这个查询,”发布补充道。电信说,没有改变立场。
英国的沃达丰集团和印度的多样化Aditya Birla)集团合并的过程中他们的当地电信部门——沃达丰印度和想法与平等的所有权——创建印度最大的移动电话公司约有4亿客户,客户市场份额35%,营收41%的市场份额。曾经在2018年中期完成,合并后的公司将更强的放置在引发的严重的竞争压力进入Jio的依赖。
除了决定高管,两家公司同意这个主意的倡导者和沃达丰将有权提名三位董事每个董事会的合并后的实体将由12名董事组成,其中六将独立。其余的管理团队的名字仍在决定,一位知情人士说。合并正在等待间隙等各种政府市场监管机构印度证券交易委员会和印度竞争委员会。
如果Kapania负责合并后的公司,他将会停止他的任务处理下降的收入和利润在激烈的价格竞争。Kapania最直言不讳的行业寻求安抚政府渡过金融危机与债务上升到近十万的5卢比,贷款违约和恐惧上升为现金流枯竭。
MUMBAI: Himanshu Kapania<\/a>, the managing director of Idea<\/a> Cellular, is believed to have emerged the frontrunner to head what would be India’s largest telco<\/a> formed out of the ongoing merger between India’s No. 3 carrier and second ranked Vodafone<\/a> India, two people familiar with the matter said.
\n
\n“It’s only logical that Kapania should be heading it (the merged telco),” one of the people with direct knowledge of the matter, said. “The formal decision though hasn’t been taken. There’s enough time left (for the merger).”
\n
While the Aditya Birla Group<\/a>, whose chairman Kumar Mangalam Birla<\/a> has already been named chairman of the merged telco, declined to comment, Vodafone, in an emailed statement, denied that Kapania will be the CEO of the merged entity. “We categorically deny your speculation that Mr Himanshu Kapania will be the CEO of the entity formed post the merger of Idea Cellular and Vodafone India, and dismiss it as completely baseless, unfounded and unwarranted,” Vodafone said.
\n
\n
\n
\n
\n
\n“In the press meet held on March 20, 2017 to announce the merger, it was announced that Mr. Birla will be the chairman and the CFO position will be with Vodafone. It was also stated, repeatedly emphasised and clarified multiple times during the press meet that the CEO and COO of the merged entity will be announced prior to completion of the merger, which is expected in calendar year 2018. Further, both Mr. Birla and Mr. Colao had in person met and addressed all your queries regarding this,” the release added. The telco added that there is no change in stance.
\n
UK’s Vodafone Group and India’s diversified Aditya Birla<\/a> Group are in the process of merging their local telecom units – Vodafone India and Idea – with equal ownership to create India's largest mobile phone company with about 400 million customers, 35% customer market share and 41% revenue market share. Once completed in mid-2018, the merged company would be stronger placed to take on the severe competitive pressures triggered by the entry of Reliance Jio.
\n
\nBesides the decisions on the top executives, the two companies agreed that promoters of Idea and Vodafone will have the right to nominate three directors each on the board of the combined entity which will be comprised of 12 directors, six of whom will be independent. The names of the rest of the management team are still being decided, one of the people said. The merger is currently awaiting clearance from various authorities such as markets regulator Sebi and the Competition Commission of India.
\n
If Kapania does take charge of the merged company, he will have his task cut out to deal with falling revenue and profits amid intense price competition. Kapania has been among the most vocal as the industry<\/a> sought sops from the government to tide over the financial mess with debt rising to nearly Rs 5 lakh crore, and fear of loan defaults rose as cash flows dried up. \n<\/p><\/body>","next_sibling":[{"msid":59395492,"title":"Govt imposes 10% customs duty on imported mobile phones","entity_type":"ARTICLE","link":"\/news\/govt-imposes-10-customs-duty-on-imported-mobile-phones\/59395492","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":59395600,"entity_type":"ARTICLE","title":"Idea's Himanshu Kapania leads race to run merged Vodafone entity","synopsis":"\u201cIt\u2019s only logical that Kapania should be heading it (the merged telco),\u201d one of the people with direct knowledge of the matter, said.","titleseo":"telecomnews\/ideas-himanshu-kapania-leads-race-to-run-merged-vodafone-entity","status":"ACTIVE","authors":[{"author_name":"Baiju Kalesh","author_link":"\/author\/1805\/baiju-kalesh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/1805.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":1805,"author_name":"Baiju Kalesh","author_seo_name":"baiju-kalesh","designation":"Correspondent","agency":false}},{"author_name":"Devina Sengupta","author_link":"\/author\/479212895\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212895.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479212895,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-07-01 08:22:13","lastupd":"2017-07-01 08:23:42","breadcrumbTags":["Himanshu Kapania","Vodafone","industry","Kumar mangalam birla","idea","Aditya Birla Group","Aditya Birla","telco"],"secinfo":{"seolocation":"telecomnews\/ideas-himanshu-kapania-leads-race-to-run-merged-vodafone-entity"}}" data-news_link="//www.iser-br.com/news/ideas-himanshu-kapania-leads-race-to-run-merged-vodafone-entity/59395600">
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