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New Vodafone boss to slash costs by 1.2 bn euros

Tuesday, November 13, 2018, 7:09 PM

The new boss of Vodafone launched a new Euro 1.2-billion cost-cutting plan, as British mobile-phone giant faced a-heavy-loss on sale of Indian assets. The efficiency drive on Vodafone's European business, totalling the equivalent of $1.3 billion, is the first under newly-installed chief executive Nick Read. That contrasted with profit after tax of Euro 1.13 billion last-time around. Sales slid 5.5% to Euro 21.8 billion.
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"Bringing People Together": Jio Trolls Vodafone-Idea Merger

Saturday, September 1, 2018, 12:47 PM

After Vodafone India and Idea Cellular announced the completion of their merger, Reliance Jio's official twitter handle trolled the companies saying, "Bringing people together since 2016". Vodafone India and Idea had announced the merger less than 7 months after Jio started commercial operations in September 2016. Meanwhile, Airtel finished its acquisition of Telenor India recently.
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Idea shareholders approves name change to Vodafone Idea

Tuesday, June 26, 2018, 8:11 PM

Idea Cellular's shareholders have approved changing the name of the No 3 carrier to Vodafone Idea Ltd. The shareholders also approved raising Rs.15,000 crore via non-convertible securities which may be used for paring debt of the entity emanating from merger of Idea with Vodafone India. The merger of the country's No 2 and No 3 carriers will create the largest telecom firm.

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