Vodafone’s Indian unit has announced a merger with Idea Cellular, creating the country’s largest telecom operator. According to a senior official, the government is awaiting for closure of Vodafone and Idea mobile tower sale transaction with American Tower Corporation. “Approval to Idea and Vodafone will be granted once their mobile tower sale is completed,” the senior government official, who was in Barcelona to take part in the Mobile World Congress starting Monday, told PTI. The merged Idea-Vodafone entity will have the second largest spectrum holding of 1,850 megahertz. It suggested a 50% cap on combined radiowave holding in efficient bands like 700 MHz, 800 MHz and 900 MHz.

Source: Mint February 25, 2018 09:56 UTC