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Idea, Vodafone merger may get delayed, govt seeks INR 47 bln in charges - report

Monday 25 June 2018 | 21:03 CET | News
The merger deal between Indian operator Idea Cellular and Vodafone India may not meet the expected 30 June timeline as India's Department of Telecom (DoT) is looking to raise an additional INR 47 billion, Business Standard reports, citing an unnamed source with knowledge of the matter. "Vodafone India had merged its all arm into one company and there are dues of around Rs 4,700 crore related to one-time spectrum charges (OTSC) on the company. DoT will ask Vodafone to either clear dues or furnish bank guarantee before merger with Idea", the source said.

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Categories: Mobile & Wireless
Companies: Idea Cellular / Vodafone India
Countries: India
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