The merged entity Vodafone Idea is likely to start its operations next week with cost-cutting measures and prioritising profitability.
The emerging Vodafone-Idea merged entity is likely to start its operations next week with cost-cutting measures and prioritising profitability, reported The Economic Times quoting sources.
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The cost-cutting measures include rationalisation of its distributors and tower networks, in advertising and marketing spending, a hiring freeze and letting go of redundant offices, the report said.
When both the companies announced their merger in March 2017, they had projected about Rs 8,400 crore in annual cost savings by the fourth full year of operations, the daily said.
“Hiring will only happen when it is absolutely critical,” people aware of the development was quoted in the daily, adding that the workforces will operate from one office space instead of separate units.