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CCI GIVES ACCORD TO IDEA AND VODAFONE MERGER

Competition Commission of India (CCI) has given its nod to the proposed Idea Cellular and Vodafone India merger on 24th July 2017. It is a big development for both the telecom companies which have announced in March’17 about the merger. Idea Cellular is owned by Mr Kumar Mangalam Birla while Vodafone India is part of the global Vodafone group. Vodafone is number 2 operator in India, while Idea Cellular is ranked 3rd regarding subscribers. With this merger, the largest telecom company will be formed with a subscriber base of 400 million. Airtel is currently the market leader with 280 million users as per last DOT data while Mukesh Ambani led RJIO has 125 Million subscribers. With dropping tariffs and rising spectrum, infrastructure costs, invasion of JIO in the telecom sector has forced upon this merger on the two very large telecom giants of India. While JIO launch has been a boon for the customers, who have already moved from using 1 GB data a month to using it daily. Telecos...