Articles about Idea Vodafone Merger

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Following the Department of Telecommunications' approval in July, the long-awaited merger of Vodafone India and Idea Cellular has finally been completed.

Confirming what was already on the cards, the Department of Telecommunications (DoT) has approved the merger between Vodafone and Idea Cellular after the two companies collectively paid the DoT Rs. 3,900cr, and gave bank guarantees worth Rs. 3,300cr.

Bouncing back from a loss of around Rs. 30,690cr in FY2016-17, Vodafone India has posted an operating profit of Rs. 9,805cr for the financial year 2017-18, ended 31st March.

As the Idea and Vodafone merger draws to a close (sources say it is likely to be done by May), the companies will be seeing many changes in the next couple of months.

Ahead of their merger, Vodafone India and Idea Cellular have signed an agreement with a subsidiary of American Tower Corporation (ATC) separately to sell their respective standalone mobile tower businesses for Rs. 7850cr (combined).

Your monthly mobile bill will soon cost you more.

The SEBI has given a conditional nod to the $23bn Idea-Vodafone merger, subject to the outcome of an ongoing probe over allegations that an Idea promoter had bought 0.23% shares in violation of laws.

Idea cellular board has finally agreed a merger with Vodafone.