Vodafone-Idea merger: Government gives final nod for the deal, to create India’s largest telecom operator
Posted on 26th July 2018 |
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The government today gave final approval to the mega merger of Vodafone and Idea Cellular which will create the country’s largest mobile operator with 35 percent market share with around 430 million subscribers. The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore ‘under protest’ to the Department of Telecom (DoT) for merging their mobile business. |
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Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger
Posted on 24th July 2018 |
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Inching closer to the formation of country’s biggest telecom operator, Idea Cellular and Vodafone have made joint payment of Rs 7,248.78 crore under protest to the Department of Telecom for merging their mobile business. “Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. Rs 3,926.34 crore have been paid in cash and bank guarantee of Rs 3,322.44 crore have been furnished,” an Idea Cellular official confirmed the development. |
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DoT rejects Vodafone, Idea requests on dues
Posted on 18th July 2018 |
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The Department of Telecommunications (DoT) has rejected Vodafone India and Idea Cellular’s requests to recalculate their dues, saying its numbers are fine and that India’s second- and third-ranked telcos should pay up to get a final seal of approval on their merger at the earliest. |
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DoT gives a conditional nod to Vodafone-Idea Cellular merger
Posted on 10th July 2018 |
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Vodafone Idea is on its way to becoming the largest telecom operator in India as the Department of Telecommunications (DoT) on Monday gave a conditional nod to the merger between the second- and the third- largest telcos in the country. UK-headquartered telecom major Vodafone and Kumar Mangalam Birla-controlled Idea Cellular cannot operate as one company till they pay more than Rs 72 billion to the government as one-time spectrum charges. |
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DoT seeks legal opinion from ASG on Vodafone-Idea Cellular merger
Posted on 7th July 2018 |
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The Department of Telecommunications (DoT) will seek further clarification from the additional solicitor general (ASG) regarding the Vodafone-Idea merger. On being asked by Communications Minister Manoj Sinha, the DoT had written to the ASG seeking his opinion on whether the merger should be given a go-ahead without claiming the charges regarding spectrum, which were sub-judice. |
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Voda-Idea merger awaits DoT okay
Posted on 4th July 2018 |
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New Delhi: The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared. New Delhi: The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared. |
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TRAI FINES JIO, AIRTEL, IDEA, VODA FOR NOT MEETING SERVICE QUALITY
Posted on 2nd July 2018 |
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Keeping its vigil on service quality in the sector, Trai has imposed penalties on leading operators, including Reliance Jio, Bharti Airtel, Vodafone and Idea Cellular, for failing to meet various Quality of Service benchmarks in the December quarter, according to a source. Around Rs 31 lakh fine has been imposed on Reliance Jio, the newest entrant in the telecom sector whose aggressive offerings have led to a bruising tariff war in the market. |
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Idea-Voda merger likely to get delayed over DoT's fresh demand of Rs 47 bn
Posted on 25th June 2018 |
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The mega-merger deal of Idea Cellular and Vodafone India may not meet the expected June 30 timeline as the telecom department is looking to raise a fresh demand of around Rs 4,700 crore, a source said. The demand will be raised from Vodafone India before its merger with Idea Cellular. |
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Vodafone-Idea merger to be approved soon
Posted on 22nd June 2018 |
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The Department of Telecommunications (DoT) is expected to clear the merger of Vodafone India and Idea Cellular early next week. Both the companies, however, may have to pay one-time-spectrum-charges (OTSC) dues, though these are under challenge in the court. The DoT is expected to ask Vodafone for Rs 5,650 crore – or a bank guarantee – and Idea for Rs 2,113 crore for its OTSC dues. |
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