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According to a report in PTI, the companies are likely to announce a signing agreement by February 24-25. Telecom major has brought its ex-India unit chief Marten Pieters to work on the merger.
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The Cellular Operators Association of India held its annual general meeting on Thursday and elected the new leadership as well as designated its executive council for the new term, it said in a statement.
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Marten Pieters, former MD and CEO, Vodafone India, says: “Digital India can only succeed with private sector participation,â€
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Leading telecom service provider Vodafone would actively encourage start-ups in the mobile applications arena as part of facilitating young entrepreneurs, MD and CEO Marten Pieters said.
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In an exclusive interaction with CNBC-TV18, Vodafone India MD and CEO Marten Pieters spoke about several business and sector-related issues: why he believes the data revolution in India is about to explode and how lack of spectrum will hamper the rollout of the prime minister‘s Digital India campaign.
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The company had reported a total revenue of Rs 18,571.1 crore in the same period last fiscal. The data segment now contributes 13.5 percent to service revenues of the company.
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Vodafone has spent a total of nearly Rs 19,600 crore in this auction of which around Rs 5,600 crore will be payable in this financial year.
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This amount will be in addition to Rs 4,000-6,000 crore annual investments the company has been making in recent years.
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"We have lower tariffs for 18 years against inflation of 8-9 percent per year. Now, can you do that forever? No you can't," Vodafone India Managing Director and Chief Executive Officer Marten Pieters said in an interview to PTI.
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Vodafone India CEO Marten Pieters says, in an interview to CNBC-TV18, that the government's decision to allow as many participants as possible into the telecom sector was imprudent.
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Uncertainty over spectrum and persisting tax issues notwithstanding, telecom major Vodafone India today said it remains committed to the Indian telecom market and would invest another USD 1 billion in 2013-14.
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Marten Pieters, managing director and CEO, Vodafone India explains to CNBC-TV18's economy editor Siddharth Zarabi about the various aspects of the just-concluded 2G auction and his opinion on whether the spectrum was a success.
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Uncertainty over its tussle with the taxman aside, Vodafone is keeping its foot on the gas when it comes to the Rs 25,000 crore rupee enterprise market. However, CNBC-TV18's Kritika Saxena reports that given the scarcity of spectrum and the exorbitant price set by TRAI, the going might be tough.
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Vodafone India, buffeted by brutal competition and regulatory woes, expects a shakeout finally to begin winnowing the dozen-plus player market in the next year or two as weaker players exit and pending rules enable mergers, its country head said.
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Marten Pieters, managing director and chief executive officers of Vodafone Essar said, the company has been able to double its subscriber base from 70 million to 140 million in the last two- two-and-half years and he looks very positively into the future.
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Mobile services provider Vodafone is looking at options for further growth in the future. Of which, one option could be listing the company said its chief executive officer and managing director (India) Marten Pieters.
