Vodafone Idea Merger
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Vodafone's Q1 revenue down 22% on intense competition; company to complete Idea merger by August
•Vodafone said the service revenues, excluding the impact of the mobile termination rate cuts, declined by 9.6 per cent for the reporting quarter.
Idea shares surge 16.6 percent as merger with Vodafone India clears government hurdle
•Idea paid 39.26 billion rupees ($569.4 million) and a bank guarantee of 33.22 billion rupees to the DoT
Govt approves Idea-Vodafone merger, companies need to complete some formalities: Telecom minister Manoj Sinha
•The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over Rs 1.5 lakh crore, with a 35 percent market share
Vodafone-Idea merger approved by Telecom Ministry but with some payment conditions
•The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over $23 billion (or over Rs 1.5 lakh crore),
DoT has no hand to play in Vodafone-Idea merger delay says Telecom Minister
Ians •The merger deal was expected to be completed last month, but the DoT is seeking legal opinion on it.
Vodafone-Idea Cellular merger in final stage of approval: Telecom secretary Aruna Sundararajan
•The mega merger of Vodafone and Idea Cellular has already received the green light from NCLT and markets regulator SEBI
Vodafone and Idea Cellular merger likely to complete by March in 2018
•The combined entity of Vodafone India and Idea Cellular, which are currently India's number two and three, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market.
India loses 6.41 mn mobile subscribers in August; Idea hit the hardest with loss of 2.89 mn subscribers: COAI
Tech2 News Staff •Talking of loss in mobile subscribers base, it was Idea Cellular that lost the most subscribers (2,898,508), followed by Vodafone at 2,404,807 customers.
Vodafone-Idea merger: Kumar Mangalam Birla, Vittorio Colao meet telecom minister to discuss the deal
•The telecom analysts have been flagging certain hurdles in the deal, including breach of revenue market share, subscriber and spectrum caps in five markets.
Vodafone-Idea merger unlikely to curtail competition in telecom sector, say analysts
•While the merger of Vodafone-Idea makes them a dominant player, the competition could still be high in the data busines