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IDEA VODAFONE MERGER
NCLT gives go-ahead to Idea-Vodafone mergerIdea-Vodafone combine should clock as much as $10 billion in savings, making it bigger than Airtel.- Idea-Vodafone merger important for stabilisation of sector, says governmentThe two companies decided to merge their business after the sector witnessed a huge tariff war and reduction in margins with entry of new t...
- Idea-Vodafone merger approved, some formalities pending, says Manoj SinhaTop management of Vodafone, the British telecom firm, met the minister yesterday after the deal was given conditional approval by the Depar...
- DoT gives conditional go ahead to Idea-Vodafone mergerDoT has sought a bank guarantee of more than Rs 3,300 crore from Idea Cellular for its OTSC and Rs 3,900 crore from Vodafone India.
- Idea-Vodafone deal clearance after DoT completes statutory process: Telecom minister"DoT has set rules for merger and acquisition. Idea Vodafone merger will be cleared without a single second delay once DoT completes all st...
- DoT seeks Rs 2,100 crore bank guarantee from Idea to clear Vodafone merger dealVodafone and Idea will have to give undertaking of clearing dues that are sub-judice as per decision of the courts
- SC relief in Airtel-telenor case may not apply to Idea, Vodafone mergerIn the Bharti Airtel case, the Supreme Court directed the government to clear its merger with Telenor India without requiring the Sunil Mit...
- Idea, Vodafone merger in final stages of approvalVodafone India and Idea Cellular are merging their operations in India to create an entity that will be equally owned by UK’s Vodafone Grou...
- Idea-Vodafone merger approvals in final stages: DoT secretaryThe telecom secretary said that the process involved a number of clearances including foreign direct investment (FDI) approval and liberali...
- Government awaits Idea-Voda tower sale closure for green signal to mega merger: SourcesATC will pay a total of Rs 7,850 crore for purchasing Idea (Rs 4,000 crore ) and Vodafone's (Rs 3,850 crore) mobile towers.
- Idea-Vodafone may need Rs 3,000 crore equity infusion to cut leverage ratioAn analyst at a foreign brokerage said the two may need to infuse Rs 2,500-3,000 crore to meet the leverage level at merger close.
- NCLT approves Idea-Vodafone mergerBoth the groups can go ahead for the final approval for merger from the Department of Telecom after Vodafone's appeal for the scheme also g...
- Idea-Vodafone combined entity may see 10% drop in revenue shareBank of America-Merrill Lynch agreed that the Idea-Vodafone merged entity would need to “spend incrementally much higher capex to compete e...
- Idea-Vodafone merger likely to close 6 months earlier, by March-AprilVodafone India and Kumar Birla-led Idea are merging their businesses to create India’s biggest phone company with over 400 million customer...
- Idea-Vodafone merger likely to be completed by MarchEarlier this year, Vodafone India and Idea Cellular had agreed to merge their operations to create the country's largest telecom operator w...
- Idea Vodafone merger meet on October 12The merger will lead to alignment of sales and service channels and pooling in of resources will add to general and administrative cost red...
- Idea-Vodafone merger may prove challenging and costly, say expertsThe Idea management, at an earnings call last week, said the company can “now plan the integration aspects” with approvals in place from th...
- Sebi seeks clarification from bourses on Idea-Vodafone mergerebi said that "clarifications (are) awaited from exchanges" on the proposed Idea-Vodafone merger.
- Idea-Vodafone merger: Surplus telco talent to be redeployedRituparna Chakraborty, EVP & Co-founder, Teamlease, said, "The first principle of an M&A is to draw synergies and make the entity bottomlin...
- Vodafone, Idea on conference call to create India’s biggest telcoThe merger of British giant Vodafone and the Aditya Birla Group co Idea —No. 2 and No. 3, respectively — can change the recent telecom game.
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