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The top executives of Vodafone Tuesday<\/span><\/span> met the senior government official a day after the department of telecommunications gave a conditional approval to the long pending merger of Vodafone's India operations with that of Idea Cellular<\/a>.
\"We're happy that we got the letter and we look forward to a successful integration. We will remain competitive,\" Read told reporters after completing meetings with the top ministry officers on Tuesday<\/span><\/span>.
When asked to comment on the progress of Vodafone India's merger with Idea, Colao said, \"We're always optimistic about India.\" Read added that the Group was focused on the Indian market and will \"remain invested\" here.
In the conditional approval given by DoT on Monday<\/span><\/span>, it has asked for an upfront payment of Rs 7,268 crore, that is split between a bank guarantee of Rs 3,342 crore to cover what Idea owes on account of one-time spectrum charges and cash of Rs 3,926 crore that Vodafone owes towards the market price for non-auctioned airwaves.
The executives, however, did not comment on whether Vodafone India will pay up the demand raised by the government or challenge it in courts.
Among other conditions, Idea needs to replace Vodafone’s bank guarantees worth Rs 6,452 crore held by DoT with its own. This is on account of spectrum payments that fall due over the next one year.
The merger will result in a new entity, Vodafone Idea Ltd., which will be the largest Indian carrier and expected to be better placed to take on competition from moneyed Reliance Jio Infocomm and Bharti Airtel<\/a>. On their own, Idea and Vodafone have struggled to take on Jio and Airtel, widening their losses and losing revenue and subscriber market share.
Together, Vodafone Idea will have 37.5% revenue market share and 39% customer market share, or about 440 million subscribers, making them a stronger entity.
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沃达丰的眼睛成功集成细胞
维托里奥·科劳尼克和他的继任者阅读遇到电信部长Manoj Sinha和部长阿鲁娜Sundararajan和表示,该公司仍看好印度和保持竞争力
沃达丰的高管周二会见了政府高级官员此前一天美国电信有条件批准了一个漫长的等待与沃达丰印度合并操作知道细胞。
“我们很高兴,我们得到了信,我们期待一个成功的整合。我们将保持竞争力,”告诉记者,在完成与外交部高级官员会议周二。
当被问及评论沃达丰印度的进步是合并的想法,科劳说,“我们一直看好印度。”Read added that the Group was focused on the Indian market and will "remain invested" here.
有条件批准的由点周一,它要求预付款7268卢比,这是分裂的银行担保3342卢比支付什么想法欠光谱的一次性费用和现金3926卢比,沃达丰欠non-auctioned对市场价格的电波。
然而,高管们不评论是否沃达丰印度将支付政府提出的需求或在法庭挑战它。
在其他条件下,想法需要替换沃达丰持有的银行担保价值6452卢比点有自己的。这是由于频谱到期支付,在接下来的一年。
合并将导致一个新的实体,沃达丰创意有限公司,印度最大的运营商,将更好地承担来自金钱的竞争依赖Jio Infocomm和Bharti Airtel。靠自己,想法和沃达丰难以承担Jio Airtel,扩大他们的损失和失去收入和用户市场份额。
在一起,沃达丰的想法将有37.5%的收入市场份额和客户市场份额39%,或约4.4亿用户,使他们更强大的实体。
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