Vodafone Idea Limited
Vodafone Idea Limited, doing business as Vi, is an Indian telecom operator with its headquarters based in Mumbai and Gandhinagar. Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G and 4G platform. As of 30 June 2021, Vi has a subscriber base of 255.4 million, making it third largest mobile telecommunications network in India and 11th largest mobile telecommunications network in the world.
On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1% stake in the combined entity and Aditya Birla Group holds a 26% stake. On 7 September 2020, Vodafone Idea unveiled its new brand identity, ‘Vi’ which involves the integration of the company’s erstwhile separate brands ‘Vodafone’ and ‘Idea’ into one unified brand. As per to the latest data published by the telecom regulator Trai, Vi had the highest upload speed of 6.7 mbps data speed in May 2021.
With the large spectrum portfolio to support the growing demand for data and voice, the company is committed to deliver delightful customer experiences and contribute towards creating a truly ‘Digital India’ by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
Vodafone Idea Limited, CSR activities influenced 20 states, and 11 lakh beneficiaries. They were able to provide support for education, healthcare and skill development & livelihood.
COVID-19 Response:
Vodafone invests €20 million to advance digital skills and education across 14 European countries by the Vodafone Foundation to expand Foundation digital skills and education programmes by funding local initiatives in Albania, Czech Republic, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Portugal, Romania, Spain, Turkey, and the UK. This investment is expected to reach 16 million learners by 2025.
Their shareholding pattern consists of Promoters and Promoter Group having 72.05% of shares, Public having 22.36% shares followed by FII’s having 4.29% shares and DII’s with 1.30% shares.
