- A now-closed merger between Vodafone India (VOD -1.6%) and Idea Cellular (OTC:ICLQY) has established Vodafone Idea, now the No. 1 service provider in India.
- The new entity has 408M active mobile subscribers, topping Bharti Airtel (OTCPK:BHRQY) as the biggest provider by user numbers.
- The two had market shares of 19.4% and 19.2% respectively, now combined to nearly 39% of active mobile connections.
- They make up about 32% of the revenues in the market as well, having combined for 585B rupees (about $8.26B) in the 12 months ended June 30.
- The huge India market has about 1.15B mobile connections.
- Previously: Vodafone, TPG to merge Australian operations (Aug. 30 2018)
- Previously: Vodafone -2.9% as BofAML drops to Neutral stance on headwinds (Aug. 30 2018)
- Previously: Vodafone India, Idea make deposit to clear merger path (Jul. 23 2018)