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Voda Idea CEO resigns, Takkar named successor

NEW DELHI:Vodafone Idea today said its CEO Balesh Sharma has stepped down due to “personal reasons”, a development that comes amid intense competition in the telecom sector eroding market share and subscriber base of the company.

New Delhi, August 19

Vodafone Idea today said its CEO Balesh Sharma has stepped down due to “personal reasons”, a development that comes amid intense competition in the telecom sector eroding market share and subscriber base of the company.

The company has accepted Sharma’s resignation and replaced him with the representative of Vodafone Group, Ravinder Takkar.

Sharma was the representative of Vodafone in the JV between Vodafone and Idea that was formed to fight the onslaught of free calls and dirt cheap data plans unleashed by Reliance Jio. — PTI

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