Vodafone Idea Ltd. is engaged in Telecom Sector in India. Its market capitalization is worth INR 25,373.35 Cr. as of 16 April 2021. The company was incorporated in 2018 and has reported quarterly revenue of INR 10,824.40 Cr. for October-December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 532822 and on the National Stock Exchange (NSE) with the symbol IDEA.
The company emerged with the union of IDEA Cellular Ltd. and Vodafone India, which provides Voice and Data services across 2G, 3G and 4G platforms across the country. The company looks forward to enabling millions of citizens to connect by incorporating newer and faster technologies.
Aditya Birla Group and Vodafone Group have teamed up to form Vodafone Idea Ltd. under the chairmanship of Kumar Mangalam Birla and Ravinder Takkar. The company is a provider of data and voice services all over India across 2G, 3G and 4G platforms. To support the envisioned expansion, the company has perched technologies including small cells, TDD sites (for enhancing network capacity and coverage) and MIMO. The corporation is one of India's leading telecom firms. The company owns spectrum in 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands. The company has implemented more than 5000 massive MIMO, small cells, and TDD sites across Mumbai's major regions and more than 4,000 Massive MIMO, small cells, and TDD sites across New Delhi and the NCR area, as part of the modernization effort. It has launched “Giganet” 4G services in Uttar Pradesh, Rajasthan, Karnataka and the Rest of Bengal (including Kolkata) circles. It also Provides Wi-Fi hotspot services in major cities Mumbai, Pune and Bangalore with 200 locations.
Vodafone was recently in the news when it appointed Vivek Jain as the EVP of Marketing and Mathan Babu Kasilingam as EVP of technology security to strengthen their management. According to data from India's Telecom Regulatory Authority, Vodafone Idea acquired 1.7 million cellular subscribers in January 2021. In December 2020, the firm recorded a consumer loss of 5.7 million. It gained 11.8 MHz in five circles worth Rs 1993.40 crore to boost its 4G coverage and capacity. It announced its foray into the integrated Internet of Things space for enterprises segment on 8 April, 2021. It aspires to be a technology corporation rather than a conventional connectivity service provider. The company has also approached pension funds to raise around $1 Billion to keep India operations afloat and smooth. Vodafone Idea Limited is a partnership between Aditya Birla Group and Vodafone Group.Read More