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Government accepts Idea Cellular’s assurance of clearing dues post Voda-Idea merger

May 25, 2018

The government has accepted Idea Cellular’s assurance at the National Company Law Tribunal (NCLT) that dues related to spectrum charges and licence fees will be paid after the merger is completed. This is a departure from the Department of Telecommunications (DoT) earlier stand that the merger approval will be subject to the payment of all dues.

With this move, the last remaining obstacle for the merger will be removed. The DoT had earlier set the clearance of dues related to licence fees, spectrum usage charges and one-time spectrum charges as a pre-condition for clearing the mega merger.

Earlier, the government was planning to send a demand notice of around Rs 190 billion to the two companies. Of the total, Vodafone owed Rs 91.32 billion and Idea about Rs 97.38 billion.

 
 

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