NEW DELHI: Idea Cellular and Vodafone Group on Thursday introduced the new management group of the soon-to-be merged entity + that will have Kumar Mangalam Birla because the non-executive Chairman.
Announcing the highest deck for the merged entity, a regulatory submitting through Idea Cellular mentioned that Balesh Sharma (recently Chief Operating Officer of Vodafone India) will be the CEO. He will probably be chargeable for the blended trade strategy and its execution in addition to using integration.
"The existing leadership teams of Idea Cellular and Vodafone India will continue to manage their separate businesses and be accountable for each company's operational performance until the merger becomes effective," Idea Cellular mentioned.
It could also be recalled that the two companies had, in 2017, introduced they are going to mix the operations to create the rustic's greatest telecom operator value over $23 billion, with a 35 consistent with cent marketplace share.
The merger of Vodafone-Idea — which is set to dislodge the numero uno player Bharti Airtel — was once approaching because the incumbent operators had been bruised through aggressive gives from newcomer Reliance Jio, which triggered a tariff warfare in the Indian telecom marketplace.
Announcing the highest deck for the merged entity, a regulatory submitting through Idea Cellular mentioned that Balesh Sharma (recently Chief Operating Officer of Vodafone India) will be the CEO. He will probably be chargeable for the blended trade strategy and its execution in addition to using integration.
"The existing leadership teams of Idea Cellular and Vodafone India will continue to manage their separate businesses and be accountable for each company's operational performance until the merger becomes effective," Idea Cellular mentioned.
It could also be recalled that the two companies had, in 2017, introduced they are going to mix the operations to create the rustic's greatest telecom operator value over $23 billion, with a 35 consistent with cent marketplace share.
The merger of Vodafone-Idea — which is set to dislodge the numero uno player Bharti Airtel — was once approaching because the incumbent operators had been bruised through aggressive gives from newcomer Reliance Jio, which triggered a tariff warfare in the Indian telecom marketplace.
Kumar Mangalam Birla to be non-executive Chairman of merged Vodafone-Idea entity
![Kumar Mangalam Birla to be non-executive Chairman of merged Vodafone-Idea entity]()
Reviewed by Kailash
on
March 23, 2018
Rating:
