Idea-Vodafone Merger

Business Standard brings you the top headlines at this hour

The company's debt continues to remain high and its current financial flexibility continues to remain strained

The stock, however, bounced back 24.5 per cent from day's low to hit an intra-day high of Rs 3.25 per share on reports that the government was mulling sops to revive the telecom sector.

But spend on premium customers through content tie-ups may strain telco on both ends of ARPU scale

Jio may unleash an aggressive bid to woo the nearly 300 million Vodafone-Idea's subscribers, who are still on 2G, to shift to 4G

Balesh Sharma has been appointed chief executive officer of the merged entity with effect from August 31

DoT has asked the companies to pay Rs 39.26 bn in cash for liberalising spectrum up to 4.4 MHz assigned to Vodafone administratively

Vodafone Idea will have the capacity to provide 4G spectrum in all telecom circles of the country

Vodafone expected to deposit cash by Friday; Idea preparing to give bank guarantees

The conditions for the Vodafone-Idea merger are unfair

"DoT has cleared the Vodafone-Idea merger today. They will have to meet conditions for final approval," the source told PTI

Both Idea and Vodafone are being pegged back on the revenue as well as market share fronts and the delayed launches of 4G

The demand will be raised from Vodafone India before its merger with Idea Cellular

DoT is seeking opinion on whether fresh demand can be raised on Idea for differential amount between the market determined price and entry fee paid for administratively allocated spectrum of Vodafone

The FDI approval is a milestone in the merger of the two companies, creating the country's largest telecom operator named Vodafone Idea

ATC Telecom Infrastructure had signed pact with Vodafone India and Idea in November 2017 to buy their standalone towers for Rs 78.5 billion

Present foreign direct investment policy allows an overseas firm to buy up to 49% stake in an Indian telecom company under automatic approval route but govt's approval is required for stake above 49%

FDI clearance in telecom sector also requires approval from the Home Ministry which should be granted within six weeks

Idea's Akshaya Moondra has been named CFO and his colleague Ambrish Jain COO

The overall spectrum holding limit for operators has been increased to 35 per cent from 25 per cent