Telecom Dept clears Idea-Vodafone merger with conditions
The Department of Telecommunications has approved merger of Vodafone India and Idea Cellular that will create India's largest telecom operator, according to reports. However, both companies will have to meet certain conditions for final approval, reports added. The department has reportedly asked Idea to pay â¹3,926 crore in cash for Vodafone's spectrum and furnish a bank guarantee of â¹3,342 crore.