Idea Cellular Ltd and Vodafone India Ltd have made a joint payment of ₹ 7,248.78 crore under protest to the department of telecom for merger of their mobile business. “Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. ₹ 3,926.34 crore have been paid in cash and bank guarantee of ₹ 3,322.44 crore have been furnished,” an Idea Cellular official confirmed the development.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
