The largest telco by subscribers Vodafone Idea said the market is "unsustainable" due to aggressive competition and warned that it's detrimental to government's flagship initiatives like Digital India.
Vodafone India and Idea Cellular have paid the Department of Telecommunications (DoT) Rs 7,268 crore that was sought as a key condition for approving their merger, thereby clearing the final obstacle in the largest M&A in the sector which will create India's biggest telecom operator.
The Department of Telecommunications (DoT) has given conditional approval to the merger of Vodafone India with Idea Cellular, where it has sought over Rs 7,200 crore from both companies on account of one-time spectrum charges and spectrum liberalisation fees.
In a chat with ET Now, Himanshu Kapania, MD, Idea Cellular says the 2G scam is a thing of the past and the company has moved on. Talking about the Idea-Vodafone merger, Kapania said, the talks are at the final stage.
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