Sunday, January 29, 2017

Vodafone may merge with Idea to Counter Reliance Jio

According to news Vodafone may merge with Idea to counter Reliance Jio. Vodafone is ranted No-2 while Idea is in Rank-3 in India while Airtel rank no-1 in India. If both will merge then the new entity will be the largest telco in India by revenue and subscribers.

Also read: Vodafone postpaid offers unlimited voice call, 3G or 4G Data

The impact of Jio's free services has already dealt a body blow to Bharti Airtel, which reported a 55% fall in its third quarter net profit to Rs 504 crore, its worst in four years, amid a first ever on-year revenue drop too. But Vodafone India and Idea are expected to perform a lot worse, with some analysts estimating Idea to report its first ever net loss.



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