DoT close to approving Idea-Vodafone tie-up

27 Mar 2018

India’s Department of Telecommunications (DoT) is making progress towards approving the long-awaited merger of Idea Cellular and Vodafone India, but there are still several more processes to be completed before it can greenlight the tie-up. The Economic Times quotes telecom secretary Aruna Sundararajan as saying: ‘The Idea-Vodafone merger is in the final stages of approval … but there are some foreign direct investment (FDI) approvals that are involved, there’s liberalisation of licences, so there are a number of clearances, and not a one step clearance, so we’re in the process of expediting it.’ The DoT is the last of the major authorisations required for the transaction to take place, with the duo having already received a thumbs-up from the Securities Exchange Board of India (SEBI), the National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI).