Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Vodafone Group    VOD   GB00BH4HKS39

VODAFONE GROUP (VOD)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Vodafone : Agrees to Merge India Unit With Idea Cellular

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2017 | 06:07am CET
   By Kenan Machado 
 

Vodafone Group PLC (>> Vodafone Group plc) has reached a deal to merge most of its Indian operations with the country's third-largest mobile operator, Idea Cellular Ltd. (532822.BY).

The planned combination would create India's largest wireless-network operator with almost 400 million customers and bolster Vodafone's position in one of the world's fastest-growing telecom markets. In India, rising costs and fierce competition have weighed on the finances of industry players.

Idea's market value has been around $6 billion following a 50% stock surge this year on merger speculation. Vodafone will initially own 45% of Idea after the merger. The companies plan to save about $2 billion annually by the fourth year after the merger.

Vodafone's 42% stake in Indus Towers isn't part of the deal.

Competition in India's wireless market ratcheted up last year after the introduction of free mobile calling through an entity created by India's richest man, Mukesh Ambani. After months of the no-cost service, Reliance Jio Infocomm Ltd. recently started charging customers for plans starting as little as $2.30 a month for unlimited calls and texts with 4G data.

Idea's stock was up 3.7% in morning trade on Monday.

Write to Kenan Machado at [email protected]

Stocks mentioned in the article : Vodafone Group plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VODAFONE GROUP
11/24 VODAFONE : Save £120 on the iPhone 6 this Black Friday – free upfront, £22..
11/24 VODAFONE : Nokia 2 unveiled in India at Rs 6999, know features
11/24 VODAFONE : The Eighth Edition of Vodafone Rangasangeet 2017 Kick Starts
11/24 WPP : In the age of uncertainty, Brand Britain is a beacon of endurance
11/23 VODAFONE : is the go-to network for mobile phone deals this Black Friday
11/23 VODAFONE : Check out state-wise petrol and diesel price of 23 November 2017
11/23 VODAFONE : Huawei Live Trial Extends Range of Pre-standard 5G in Milan
11/23 VODAFONE : Iflix appoints CEO of MENA region
11/23 VODAFONE : iflix hires former Mobily, Vodafone exec as new MENA CEO
11/23 VODAFONE : and Huawei Live Trial Extends Range of Pre-standard 5G in Milan
More news
News from SeekingAlpha
11/20 Vodafone Group Plc 2017 Q3 - Results - Earnings Call Slides
11/20 American Tower Has Double-Digit Dividend Growth But Is That Enough?
11/19 Victory Formation Long/Short Portfolio Update - November 2017
11/16 VODAFONE : Buy The Breakout
11/15 VODAFONE : Data expertise will help avoid Italy price war
Financials (€)
Sales 2018 46 193 M
EBIT 2018 4 339 M
Net income 2018 1 916 M
Debt 2018 31 789 M
Yield 2018 5,75%
P/E ratio 2018 31,87
P/E ratio 2019 24,86
EV / Sales 2018 2,15x
EV / Sales 2019 2,11x
Capitalization 67 545 M
Chart VODAFONE GROUP
Duration : Period :
Vodafone Group Technical Analysis Chart | VOD | GB00BH4HKS39 | 4-Traders
Technical analysis trends VODAFONE GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 2,78 €
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Vittorio Amedeo Colao Chief Executive Officer & Executive Director
Gerard Johannes Kleisterlee Chairman
Nicholas Jonathan Read Group Chief Financial Officer & Executive Director
Johan Wibergh Group Technology Officer
Samuel Esson Jonah Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
VODAFONE GROUP12.83%80 588
AT&T-18.01%213 699
CHINA MOBILE LTD.-2.87%208 139
NTT DOCOMO INC7.48%99 921
SOFTBANK GROUP CORP26.10%96 532
KDDI CORP4.34%71 616