According to a senior official, the government is awaiting for closure of Vodafone and Idea mobile tower sale transaction with American Tower Corporation. Also read Idea Cellular raises Rs 3,500 crore towards reduction of net debtATC will pay a total of Rs 7,850 crore for purchasing Idea (Rs 4,000 crore ) and Vodafone's (Rs 3,850 crore) mobile towers. When contacted, the Vodafone global spokesperson said "The standalone tower sale is not a condition to completing the merger with Idea." The merged Idea-Vodafone entity will have the second largest spectrum holding of 1,850 megahertz. This will be resolved if Cabinet approves raising of spectrum holding limit as recommended by the Telecom Regulatory Authority of India (Trai) and concurred by the Telecom Commission .

Source: dna February 25, 2018 09:19 UTC