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Vodafone India & Idea Cellular merger

August 2018 saw the completion of Vodafone India Ltd ’ s merger with Idea Cellular Ltd . As part of the merger , Vodafone India rebranded to Vodafone Idea and is jointly controlled by Vodafone and the Aditya Birla Group . Separate to the merger , Aditya Birla Group completed a purchase of a 4.8 % stake in Vodafone Idea from Vodafone Group for US $ 353mn . “ The merger creates India ’ s leading telecoms operator , with nearly 408mn customers . During the 12 months to June 30 , 2018 , Vodafone India and Idea generated revenue of US $ 8.4bn ,” noted Vodafone in a corporate statement relating to the merger . 94

DATE OF MERGER 13 / 08 / 2018

DECEMBER 2020