The government today gave final approval to the mega merger of Vodafone and Idea Cellular which will create the country’s largest mobile operator with 35 percent market share and around 430 million subscribers. Also Read - Reliance Jio vs Vi vs Airtel: Best 4GB daily data prepaid plans under Rs 600
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. Also Read - YouTube, Gmail, Google Maps stops working on these phones from today: Check if your phone is in the list
A senior DoT official privy to the development said that the final approval has been accorded to the merger today and the entities will now approach Registrar of Companies (RoC) for stipulated filings for approval, completing the last leg of formalities. Also Read - Reliance Jio vs Vi vs Airtel: Best plans under Rs 200 with unlimited calling, date benefits, and more
DoT gave conditional nod to the merger on July 9 and asked the two firms to meet the demand raised for taking the merger on record.
This is published unedited from the PTI feed.