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Kumar Mangalam Birla to Head Vodafone-Idea Combined Entity

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Kumar Mangalam Birla, chairman of Aditya Birla Group likely to head the new telecom entity Vodafone-Idea combine. Vodafone-Idea combine is a new telecom giant in the making with both companies confirming discussions to form a joint business in an all-share deal, which could create ‘stronger’ telco to take on rivals such as market leader Bharti Airtel and billionaire Mukesh Ambani-owned new entrant Reliance Jio Infocomm.

A new Vodafone-Idea entity would have about 390 million users, exceeding current market leader Bharti Airtel’s 266 million. The combined entity will also be the largest by revenue market share. Read more

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Sweekar S

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