Table of Contents
The Hindu Editorial With Important Vocabulary (30-7-18) In English & Hindi
Now to compete: on Vodafone, idea merger
The ground has shifted since they agreed to merge, and Vodafone Idea has its task cut out
A week is a long time in politics. In business, especially one as rapidly evolving as mobile telecommunications, a year can be an eternity. So for the Vodafone Group’s Indian unit and Idea Cellular Ltd., which had in March 2017 announced an agreement to merge, last week’s approval of the proposed union by the Department of Telecommunications came not a day too soon. The changes in the industry landscape over the intervening 16 months have been dramatic. The market has contracted marginally in terms of overall subscriber numbers — from 1.17 billion on March 31, 2017, to 1.13 billion at the end of May this year. But the number of competing service providers is set to shrink from double digits to just three privately run large rivals plus state-owned BSNL and MTNL. This consolidation, from the wave of mergers and acquisitions over the last couple of years, was the gain the companies left standing were hoping for. From more wholesome slices of the customer pie to more bang for the buck in a highly capital-intensive business, the merged entities including Vodafone Idea Ltd. — as the new business will be called — ought to be happy with the way things have panned out. But the situation on the ground is far from ideal.
IMPORTANT VOCABULARY
1) EVOLVING (Verb) = Develop, Progress, ( उद्विकासी )
2) ETERNITY (Noun)= Forever, ( अनंत काल )
3) SHRINK (Verb)= Become smaller,Decrease,Diminish, ( सिकोड़ना )
4) ENTITY (noun)= Object that Exist, Body, Individual, ( तत्त्व )
5) CONSOLIDATION (Noun) = Combination, Fortification, ( दृढ़ीकरण )
6) ACQUISITION (Noun)= Obtaining, Receiving, ( संकलन )
7) INCUMBENT (Adj)= Obligatory, Binding, ( पदस्थ )
8) BIDDING (Noun)=Command, Auction, ( बोली )
9) SPECTRUM (Noun)= This is a technique in which a telecommunication signal is transmitted on a bandwidth considerably larger than the frequency content of the original information. ( वर्णक्रम )
10) ESCALATING (Verb)= Expand, Grow, ( तना हुआ )
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