Govt approves Idea Cellular and Vodafone India merger

Telecom Minister Manoj Sinha today said that the Government has approved the Idea Cellular and Vodafone India merger but the companies need to complete some formalities for the final closure of the deal. The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over over 1.5 lakh crore rupees, with a 35 per cent market share and a subscriber base of around 430 million.Debt-ridden firms Idea and Vodafone India are in process of merging their bu...