DoT approves the merger of Vodafone and Idea.

The DoT has given it’s final approval for the merger of Vodafone India Ltd. with Idea Cellular. The name of the new company will be Vodafone Idea Ltd. This will be the largest Indian Telecom Company, in terms of number of subscribers and quantum of revenue. Both the company’s have paid Rs.7,268 crore, in cash and in bank guarantee, to the government, for this merger.