The telecom department is likely to approve the merger of Vodafone India and Idea Cellular on Monday that will create the country's largest mobile service operator with proposed name of Vodafone Idea Ltd. "DoT is expected to clear the Vodafone-Idea merger on Monday.
The certificate will be handed to them," said an official source. Idea and Vodafone have decided to combine their operations to create the country's largest telecom operator worth over $ 23 billion (or over Rs 1.5 trillion), with a 35 per cent market share and a subscriber base of around 430 million. The proposed merger is expected to give breather to both debt-ridden firms Idea and Vodafone, from cut-throat competition in the market where margins have hit rock bottom with free voice calls.
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