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DoT receives legal opinion on issue of dues ahead of Voda-Idea merger

June 21, 2018

The Department of Telecommunications (DoT) has received legal opinion on the issue of raising demand for dues pertaining to one-time spectrum charges on administratively-allotted radiowaves to Vodafone India, which is in the final stage of the merger process with Idea Cellular.

The legal opinion was sought by DoT as some of the demands for arrears are sub judice.

According to the DoT, the matter will be examined based on the legal opinion it has received. However, the details of the legal opinion could not be ascertained.

Earlier, Aruna Sundararajan, Secretary, DoT had said that clearances for the merger of Vodafone India and Idea Cellular are being fastracked and should be completed by June 2018.

The merger of Idea Cellular and Vodafone India will create India's largest telecom operator worth over $23 billion, with a market share of 35 per cent. Vodafone will own 45.1 per cent in the combined entity, while Aditya Birla Group would have 26 per cent and Idea shareholders 28.9 per cent.

 
 

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