Govt clears Vodafone-Idea merger; to create India's largest telco
The government today approved the merger of Vodafone India and Idea Cellular that will create the country's largest mobile phone operator worth more than USD 23 billion with a 35 per cent market share, according to top officials.
The Department of Telecommunication has given its stamp of approval for the amalgamation after the two firms provided for Rs 7,248.78 crore as one-time spectrum charge (OTSC), a senior government official told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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