Vodafone-Idea Cellular merger gets final approval from DoT
By MYBRANDBOOK
The Union Government’s Department of Telecommunications (DoT) has given its final approval to the mega merger of Vodafone and Idea Cellular. This merger will create the country’s largest mobile operator with 35-per cent market share and around 430 million subscribers.
The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs.7,268.78 crore “under protest” to the Department of Telecom (DoT) for merging their mobile businesses.
According to a news report, the Bank guarantees for deferred spectrum payments that Vodafone owes to DoT will be amended by the banks concerned, and will be transferred to Idea Cellular, since that will be the entity which will hold the licences. The approval letter, however, includes the conditions that the merged entity will have to comply with the outcomes of pending cases in the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), and other courts.
The next step to the process will be all companies informing the Registrar of Companies of the changes, after which Vodafone India and its subsidiary VMSL will cease to exist.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
TVS ELECTRONICS LTD.
SAFE SECURITY SERVICES PVT. LTD.
ZOHO CORPORATION PVT. LTD.
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: Natarajan Chandrasekaran
Natarajan Chandrasekaran is the Chairman of the Board of Tata Sons, th...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
BBNL empowering rural India digitally
BBNL provide high speed digital connectivity to Rural India at afforda...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...