Airtel shells out Rs 10K crore on AGR dues

As per the government's assessment, Airtel owes nearly Rs 35,586 crore in statutory dues, including licence fee and spectrum usage charge

Telecom department clears Idea-Vodafone merger with conditions

The department has asked Idea Cellular to pay Rs 3,926 crore in cash for Vodafone spectrum.

The merger of the second and the third largest operators in India will create a new market leader.

The mega-merger deal of Idea and Vodafone may not meet the expected June 30 timeline.

Birla's Idea Celular will become largest telecom operator with 400 mn customers after merger with Vodafone.

Both the companies are before National Company Law Tribunal (NCLT) for seeking its nod.

Merger process requires approvals from CCI, Sebi, NCLT and telecom department, Sood adds.

Idea Cellular said transaction is expected to close in 2018 subject to customary approvals.

The $23 billion transaction is the largest transaction by value in the history of Indian M&A.

Post the merger, Vodafone will own 45.1 per cent stake while the Aditya Birla group will have 26 per cent shareholding.