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Monday, September 7, 2020

Big News / Vodafone-Idea made a big announcement, renamed ‘VI’, see the brand new logo

Big News / Vodafone-Idea made a big announcement, renamed ‘VI’, see the brand new logo

Vodafone and Vodafone-Idea have jointly made a big announcement to compete with their rival telecom operators. Vodafone-Idea changed its new brand name ‘Vi’ on Monday. The company's management made the announcement at a press conference. Vodafone and Idea have decided to change the brand name three years after the merger. The company has made this decision keeping in mind the declining number of customers in times of recession.

Brand new logo

Vodafone-Idea has now found a new identity. Vodafone-Idea has changed the name of the company to VI and also unveiled a new logo. You also see this brand new logo

Vodafone India Limited has now become VI. The company said in a statement that both the companies will do business under the name VI. The company says that along with 4G, the company also has 5G ready technology. The company also claims that 4G coverage across the country has doubled since the merger. Although the company has not announced new plans in the meantime, it has indicated that tariff prices will increase.

During the press conference, Vodafone Idea Ltd CEO Ravindra Takkar also said that all are selling data at low prices and the company is not ashamed to take action. Here, it is an indication that the tariff may be increased with better service in the near future.

Ravindra Takkar, CEO, Vodafone Idea Limited, also said that Vodafone Idea was established two years ago as a merged entity. Since then, the two major networks have been merging and are now being launched under the VI brand name.

Vodafone-Idea had already given hints

Vodafone and Idea hinted at this via Twitter. Vodafone tweeted that be prepared for a big announcement tomorrow, Monday will be a very important day. When this tweet was retweeted by Idea.

Currently, the two companies are facing major challenges from other telecom operators. On September 1, the apex court had said that time could be given for AGR payment.

The company requested that it be given 15 years to pay the Adjusted Gross Revenue (AGR). The company recently suffered a loss of Rs 25.46 lakh crore, a combined loss of both Idea and Vodafone.

The company board, on the other hand, had approved Rs 25,000 crore in fundraising, amid which Vodafone and Idea are now set to make a big announcement on Monday. Experts claim that the announcement on Monday could have a big impact on the stock market.

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