Aditya Birla Group Chairman, Kumar Mangalam Birla, said: “Throughout its history, the Aditya Birla Group has been synonymous with the task of nation building and driving inclusive growth in the country. The transaction is expected to close during calendar year 2018, subject to customary approvals. Vi already sounds like a Chinese name😂😂#vodafoneidea #vi, Will the new Vodafone Idea logo VI make it more VIable? Me after watching #vi commercial 27585908283 times: pic.twitter.com/jev1DHcFge, #vodafoneidea is trending on Twitter. Hope you know Vi still won't get any network! https://t.co/xNGoIkrKLF, Agreed. Some twitter users shared some funny tweets around this rebranding. SEE ALSO: FAU-G, the PUBG Alternative Nobody Asked For Is Here And Akshay Kumar Is Backing It Up. Monday, Vodafone-Idea announced their brand new name and logo after their joint association has resulted to be quite fruitful for both the telecom operators. FAU-G, the PUBG Alternative Nobody Asked For Is Here And Akshay Kumar Is Backing It Up, An Inside Look At How Biden's Campaign Is Winning The Viral Merch Game, Barbie, The Only Good YouTuber, Explains Racism In Her Latest Vlog, Biden Also Pulls Out Of Virtual Debate After Trump Refuses To Participate, Watch This Nurse's Moving Response To Donald Trump Telling America 'Don't Be Afraid Of Covid', ‘Bigg Boss 14’ Puts The ‘Reality’ In Reality TV By ‘Objectifying Women' During A Dance-And-Woo Task. We would like to show you a description here but the site won’t allow us. If you’re not in the know, Vodafone Idea are finally do jism, ek jaan. Okay, now you can go back to doing whatever important you were doing. To set the record straight BTW, it is pronounced as ‘We’ but we are not sure ‘Why’! Traders & Investors to Vodafone Idea right now:- pic.twitter.com/U1WrgFdwYn, Vodafone/Idea changes their name to "Vi" ! The merger ratio is consistent with recommendations from the joint independent valuers. The transaction is expected to be accretive to Vodafone’s cash flow5 from the first full year post-completion. In fact, Twitter, the mother of all has done it again and how! ). Itna mushkil tha kya yehð ð ð ð #vodafoneidea Registered in England No 1833679, We use cookies to improve your experience on this site. This landmark combination will enable the Aditya Birla Group to create a high quality digital infrastructure that will transition the Indian population towards a digital lifestyle and make the Government’s Digital India vision a reality. We would like to show you a description here but the site won’t allow us. Vodafone Idea Limited (Formerly Idea Cellular Limited), An Aditya Birla Group & Vodafone partnership, Suman Towers, Plot No.18, Sector 11, Gandhinagar – 382011, Gujarat.CIN L32100GJ1996PLC030976, T: +91-796671 4000, F: +91-79 2323 2251 The implied enterprise value is INR828 billion (US$12.4 billion) for Vodafone India and INR722 billion (US$10.8 billion) for Idea excluding its stake in Indus Towers, valuing Vodafone India at 6.4x EV/LTM EBITDA and Idea excluding its stake in Indus Towers at 6.3x EV/LTM EBITDA2. Vodafone will own 45.1% of the combined company after transferring a stake of 4.9% to the Aditya Birla Group for circa INR39 billion (circa US$579 million) in cash concurrent with completion of the merger. Now when Mukesh Ambani acquires it he can say "Vi at Jio are committed to bringing a Digital revolution in India", #vodafoneidea has changed there name to Vi #Vi Those who are using only Jio & Airtel for the last 4 years : pic.twitter.com/r0xD2IaIe0. Vodafone and idea renamed as #vodaidea Vishwakarma … pic.twitter.com/Hzv7waSH3P, Me - After seeing the Brand New Logo.#vodafoneidea #Vodafone #vodaidea pic.twitter.com/6YyQZcl7cZ, #vodafoneidea ki nayi advertisement #vi ki rating check karte owners to media agency people pic.twitter.com/eU1vo99XmH, Looks like VJohn shaving cream pic.twitter.com/7t4Aqv5I33, There was a time when I used to love watching the Zoo-Zoo ad and the Honey-Bunny ad. It took two years for Vodafone-Idea to come up with a new name and what they came up is - ‘Vi’. Who on earth came up with this name for the app, @VodafoneIN? Please choose your local Vodafone website, Merger of Vodafone India and Idea: creating the largest telecoms operator in India. Vodafone to combine its subsidiary Vodafone India (excluding its 42% stake in Indus Towers) with Idea, which is listed on the Indian Stock Exchanges. This was not appreciated by the customers too. Vi, (why) indeed! Vodafone Group Plc Chief Executive, Vittorio Colao said: “The combination of Vodafone India and Idea will create a new champion of Digital India founded with a long-term commitment and vision to bring world-class 4G networks to villages, towns and cities across India. For more information, please visit:  www.vodafone.com, Vodafone Group Plc. For Idea shareholders and lenders who have supported us thus far, this transaction is highly accretive, and Idea and Vodafone will together create a very valuable company given our complementary strengths.”. As of 31 December 2016, Vodafone had 470 million mobile customers and 14.3 million fixed broadband customers. But sometimes, the creative conglomerate gets together to ask the most important questions when no one would even think of asking. 🤔 ....what's next, 'Emacs'? The Indian Express quoted said Ravinder Takkar, the Group’s MD and CEO, saying, “The brand integration not only marks the completion of the largest telecom merger in the world, but also sets us on our future journey to offer world class digital experiences to 1 Billion Indians on our strong 4G network… With Vi, we are confident of building a brand that continues to command respect and trust, and will be admired and loved by all.” Now, while there is time before we can safely attest the admire part, the revamp has definitely amused a lot of Tweeple. Who then turned to Twitter to express their concerns (read memes) and wonder if it’s ‘We’, ‘Why’ or both. Vodafone has mobile operations in 26 countries, partners with mobile networks in 49 more, and fixed broadband operations in 17 markets. Its good that Vodafone Idea is now called 'Vi'. However, the expectation of traders and investors was short-lived when Vodafone Idea Limited said that it is rebranding itself to VI. When Vodafone Idea Limited stated that there is a big announcement in the pipeline, many traders and investors thought the company has found a way to leave their woes behind. #VodafoneIdea. We look forward to working with the Aditya Birla Group to create value for all stakeholders.”, Vodafone Group, Media Relations  www.vodafone.com/media/contact, Investor Relations  Telephone:  +44 (0) 7919 990 230, Idea Cellular Limited Tel: +91 22 95940 03439, Investor Relations email: [email protected], Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. We would like to show you a description here but the site won’t allow us. Hope that settles it. Substantial cost and capex synergies with an estimated net present value of approximately INR670 billion (US$10.0 billion) after integration costs and spectrum liberalisation payments, with estimated run-rate savings of INR140 billion (US$2.1 billion) on an annual basis by the fourth full year post completion3. Until equalisation is achieved, the voting rights of the additional shares held by Vodafone will be restricted and votes will be exercised jointly under the terms of the shareholders’ agreement. Vodafone-Idea's 'Vi' becomes fodder for memes on Twitter On September 7, 2020, i.e. Itna mushkil tha kya yeh😂😂😂😂#vodafoneidea, (To download our E-paper please click here. Vodafone/Idea changes their name to "Vi" ! https://t.co/Yy3UvOxBl0, Vi haf vays to make you tok? Sustained investment by the combined entity will accelerate the pan-India expansion of wireless broadband services using 4G/4G+/5G technologies, support the introduction of digital content and ‘Internet of Things’ (IoT) services as well as expand financial inclusion through mobile money services for the benefit of Indian consumers, businesses and society as a whole. The combined company will have the scale required to ensure sustainable consumer choice in a competitive market and to expand new technologies – such as mobile money services – that have the potential to transform daily life for every Indian. But a twitter user questioned the rebranding. Vodafone/Idea merged into Vi. However, the promoters of the company said that the completion of the merger just got completed and that is why now they decided to rebrand itself. Le Jio or Airtel right now pic.twitter.com/BkhIeDsuZU, Traders & Investors were expecting a very big deal with Amazon or Google & now they hear that its just a stupid Rebranding of #Vodafoneidea to "Vi". Read our policy, No thanks, I want to stay on Vodafone.com, Enabling customers to reduce their emissions. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms. We would like to show you a description here but the site won’t allow us. Traders & Investors were expecting a very big deal with Amazon or Google & now they hear that its just a stupid Rebranding of #Vodafoneidea to "Vi".Traders & Investors to Vodafone Idea right now:- pic.twitter.com/U1WrgFdwYn, Ve varmly velcome dis announcement, de day before Bandra Feast only, men. Traders & Investors to Vodafone Idea right now:- pic.twitter.com/U1WrgFdwYn — Dhawal Odedra (@Dhawal_Odedra) September 7, 2020. But the new VI ad is just too annoying (ad aate hi channel change) #vodafoneidea #vi #viad pic.twitter.com/ccMDLchK6f, Vodafone and Idea launch integrated brand identity Vi #vodafoneidea #vodaidea #Vodafone #VI pic.twitter.com/NwF1b6HfQs. The internet is a weird, weird place and say I weird four thrice (including the last time) because that’s how bizarre it can get on www.internet.com. This was even reflected in the stock market in the morning when the stocks surged by 10 per cent. Perfect for a phone companies, 'Vi'? Merger of equals with joint control of the combined company between Vodafone and the Aditya Birla Group, governed by a shareholders’ agreement. https://t.co/Env2Vx4zK9. On August 31, 2018, Vodafone India merged with Idea Cellular and renamed itself as Vodafone Idea Limited. Vodafone India will be deconsolidated by Vodafone on announcement and reported as a joint venture post- closing, reducing Vodafone Group net debt by approximately INR552 billion (US$8.2 billion) and lowering Vodafone Group leverage by around 0.3x Net Debt/EBITDA4.

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