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Vodafone-Idea Merger Entered India in 2007 adopting the pug and introducing the Zoo
zoos acquiring the Hutchison Telecommunications International
Ltd's (HTIL) stake in Hutchison Essar Ltd (HEL), Vodafone changed the dynamics of the industry. Taking market by a sweep, Vodafone was one of the three that ruled the telecom sector. Founded by Kumar Mangalam Birla in 1995, Birla Communications
Ltd. went through a lot of name transitions after mergers and joint
ventures with multiple players including Tata & At&t finally
settling on !dea and becoming a part of Aditya Birla Group.     In 2010 3G spectrum auction, Idea paid ₹57.68 billion for spectrum
in 11 circles. After the launch of MNP in India, Idea further
strengthened its customer base with most net port-ins.
In the past year, Vodafone Idea has lost over 51 million subscribers
while Reliance and Airtel gained 62 million and 21 million subscribers respectively. Losing to Jio, Vodafone and Idea announced a merger in March
2017 in order to survive the market. After various approvals from
Department of Telecommunications and National Company Law
Tribunal, the merger was completed on August 31, 2018. The merger created the largest telecom network in the country by
revenue and subscriber base. But, inspite of that the company is
still in downfall losing subscribers as well as revenue with low cash
balances and large AGR dues and upon that resignation of Kumar
Mangalam Birla from the board as the non-executive director and chairman of Vodafone Idea. Upon Kumar Mangalam Birla’s resignation, the investors and all
involved parties lost all hope of the company’s revival leading to
45% fall of stock prices within a week of repeated bad news’. When all hope was lost, the government lit a candle in the dark that could give the push, the company needed for revival. Finance Minister Nirmala Sitharaman introduced The Taxation
Laws (Amendment) Bill, 2021 in the Lok Sabha on August 5, 2021
to withdraw tax demands of 22,100 crores plus interest made using
a 2012 retrospective legislation on indirect transfer of Indian assets
prior to May 28, 2012 leading to a 19% rise in Vodafone Idea stock.
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