The mega-merger of Vodafone India and Idea Cellular has finally received approval from the Department of Telecommunications (DoT), although conditionally. DoT, which was earlier said to be seeking bank guarantee from Vodafone India has asked the merged entity to deposit an amount of Rs 3,911 crores and also asked to … Read More
Vodafone and Idea Cellular are expected to receive their merger approval from Department of Telecommunications (DoT) this week itself. According to DoT norms, Vodafone-Idea may lose 14 million subscribers in six circles- Gujarat, Haryana, Kerala, Madhya Pradesh, Maharashtra and Uttar Pradesh (West) as a telco cannot hold more than 50% … Read More
The UK-based telecom operator Vodafone, in its annual report, has stated the plans for investing 1 billion Euro or around Rs 8,000 crore in the yet-to-be-merged entity with Idea Cellular. Both the telcos are expecting the proposed merger to get required approvals within this month itself. Furthermore, Vodafone stated that … Read More
The merger of Idea Cellular and Vodafone India is expected to receive the final leg of regulatory approval from the Department of Telecom (DoT). The third-largest telco, Idea, today called an Extraordinary General Meeting (EGM) on June 26. During the EGM, the Kumar Mangalam Birla-owned telco will reportedly change its … Read More
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