Vodafone and Idea merged to become the largest telecom operator in India. The merger was aimed at improving network coverage, offering better services, and overcoming debt through cost savings of $10.5 billion annually by year 4. A 1:1 share swap ratio was agreed, though Vodafone's business was valued slightly higher than Idea's. The combined entity will have improved spectrum holdings and capacity to compete effectively.
Vodafone acquired HTIL (Hutchison Telecom International)’s 67% stake in Hutchison-Essar.
Relations between Hutchison Telecom and the Essar group of India will be key to the sale of Hutch's 67% stake in Hutch-Essar.
Vodafone acquired HTIL (Hutchison Telecom International)’s 67% stake in Hutchison-Essar.
Relations between Hutchison Telecom and the Essar group of India will be key to the sale of Hutch's 67% stake in Hutch-Essar.
Brief study on financial health/goal of Vodafone IdeaAjayVerma335
This Assignment project is based on financial goal/health of a particular company i.e. Vodafone Idea.
This project has covered all the aspects related to financial strategies of vodafone Idea, its perspective, etc.
Jio's competitiveness at the Global levelAnil Bahuman
This is a paper for the general public.
Content copyright.belongs to Wasim Rahman of
Indian Institute of Technology Bombay who presented this at International Conference on Management of Technology 2020 Cairo, Sep 2020.
telecom industry in india , market forms , reliance jio effect on other telec...vervit khandelwal
market form present in telecom industry in India
how reliance jio actually affected the market after the launch and how was the market structure before the launch of reliance jio
Case study on merger of Vodafone and Idea (VI).pptxAnkitscribd
This presentation focuses on the merger of two telecommunication Companies in India. The Vodafone and Idea (an Indian Telecom company) decided to merge due to tough competition and continued decreasing market share in Indian Telecom sector.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
2. Vodafone
• VodafoneGroup PLC is a multinational telecommunications company.
• As of 2018,Vodafone owned and operated networks in 25 countries, and had
partner networks in 47 further countries.
• ItsVodafoneGlobal Enterprise division provides telecommunications and IT
services to corporate clients in 150 countries.
• Vodafone has a primary listing on the London Stock Exchange and is a
constituent of the FTSE 100 Index.
• It had a market capitalisation of approximately £52.5 billion as of 10 February
2016, the eighth-largest of any company listed on the London Stock
Exchange.The company has a secondary listing on NASDAQ.
3. Idea
• IdeaCellular is anAditya Birla Group Company, India's first truly multinational
corporation.
• Idea is a pan-India integrated GSM operator offering 2G and 3G services, and has
its own NLD and ILD operations, and ISP license.
• With revenue in excess of $4 billion; revenue market share of 18%; and subscriber
base of over 150 million, Idea is India’s 3rd largest mobile operator. Idea ranks
among theTop 10 country operators in the world with a traffic of over 1.5 billion
minutes a day.
• Idea’s robust pan-India coverage is built on a network of over 100,000 2G and 3G
cell sites, spread across over 55,000 towns in India.
4. Vodafone and
Idea Merger
Implications thatVodafone Idea merger will bring forth on the telecom industry:
• Initiatives based on price renewal, new packages for the disruptive entry by
Jio has cause some serious misbalance.
• India is fastest growing market in terms of the subscriber base. So such
mergers will help in infusion of health and life of telecom sector.
• Through the merger,Vodafone and Idea will overcome the heavy debt
amount and large sum of credit will be infused in the system.
5. Contd. • The revenue market share is expected to rise for all the
locations and the spectrum of the entity would exceed
the initial caps.
• Vodafone Idea merger will enhance in wide spread of
network availability.
• There will be saving of the operations cost and this will
aid in improving the quality and performance of the
service through investments.
• Also, this merger has helped bothVodafone and Idea
from selling off their business, as was being planned by
them initially which would have further impacted the
quality of services being provided by different players
in the industry.
6. • Vodafone Idea is a horizontal merger as both deal in telecom sector.
• The main motive behind merger wasVodafone's global enterprise expertise
and Idea’s strong local reach will give you more network coverage, more
value, and access to newer and smarter technologies.
• This merger will allowVodafone Idea Ltd to provide the best products and
superior services to its customers.You can expect MORE of everything-
MORE network coverage, MORE value, MORE excitement, newer and
smarter technologies likeVoLTE, Digital wallets and Internet ofThings along
with an access to MORE touchpoints.
• The success of the mega merger between Idea Cellular Ltd andVodafone
India Ltd depends largely on synergy benefits that can accrue by combining
operations. Not surprisingly, the two companies are factoring in huge gains
on this count.
7. Synergy- Financial and
Operational
• Vodafone and Idea said in a statement that annual savings, both in terms of operating costs as
well as capital expenditure, will be around Rs14,000 crore annually by the fourth full year of
operations as a combined entity. About two-thirds of this will be on account of savings in
operating costs.The net present value of total savings (opex and capex) is estimated at Rs70,000
crore ($10.5 billion).
• Opex and capex are short for operating expenditure and capital expenditure, respectively.
• Idea andVodafone individually operate at an EBITDA margin of around 30%, far lower than Bharti
Airtel Ltd’s margin of around 40% and Reliance Jio Infocomm Ltd’s targeted margins of 50%.
8. • Vodafone and Idea’s holdings of 3G and 4G spectrum was far lower than that
acquired by Airtel and Reliance Jio.
• This also inhibited their ability to compete effectively, given the shift towards
increased data usage by customers. Coming together will enable Idea and
Vodafone to operate in the same league, as far as spectrum footprint goes.
9.
10. • On a standalone basis, analysts at JM Financial Institutional Securities Ltd had
forecast Idea’s net Debt/Ebitda ratio to reach around 5.5 times by end March
2017.
• In contrast, the forecast 3 times net Debt/Ebitda ratio for the combined entity
is far lower.
11.
12. SWAP ratio
• The two companies agreed to merge their operations with a swap ratio of 1:1.This means every Idea share
you hold will be exchanged with a new share in the merged company.This suggests that operationally, it is
a merger of two equals. However, an independent valuation of the two businesses suggestsVodafone’s
business is worth more.The assessment suggestsVodafone India’s business is worth Rs 82,800 crore, while
Idea’s business is valued at Rs 72,200 crore. Analysts are positive about a merger of two large companies. In
the long-term, such a consolidation could be good for future profit margins, analysts suggest.
• The first step for AB group would be the acquisition of 4.9 percent of shares fromVodafone.This would
amount to a total of Rs. 3874 crore wherein each share is worth Rs. 108.This would be helpful in increasing
the share holding capacity of Idea to 26 percent
• WhileVodafone holds 45.1 percent of the shares in the merger, Idea would be allowed to buy another 9.6
percent but at a cost of Rs. 130 per share in the period spread over next four years. However, if Idea is
unable to come up equal to the shareholding percentage ofVodafone, it can go forward and buy the
number of shares required further but at the price prevailing in the market