Accounting And Finance::The Accounting and Finance Training Academy is dedicated to promoting professionalism and advancing the standards of accounting and finance application through quality education, research, consulting and practice
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Accounting And Finance::The Accounting and Finance Training Academy is dedicated to promoting professionalism and advancing the standards of accounting and finance application through quality education, research, consulting and practice
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News

Idea Vodafone merger(3/8/18)

The department of telecommunications (DoT) has given the final nod to merger of Vodafone India with Idea Cellular, issuing a letter to this effect to both companies. The move creates Vodafone Idea Limited, the largest carrier in India by subscribers and revenue market share.

The merger shall result in the creation of the largest mobile services operator in India.Idea cellular is required to pay approximately Rs 3926 crores to Vodafone spectrum. It is also required to furnish a bank guarantee of approximately 3400 crores.The merged entity shall deal with approximately 43 crore subscribers with valuations totalling Rs 1.5 Lakh crores.

Accounting And Finance