Vodafone-Idea Merger Gets Final Approval From Government livemint.com

New Delhi: The Department of Telecommunications (DoT) has approved the merger of Vodafone India Ltd and Idea Cellular Ltd after the companies paid, 3,900 crore in cash and 3,300 crore in bank guarantees towards one-time spectrum charges, a senior DoT official said. “We have given final approval for the merger as they have paid the required dues,” a senior official from the DoT said requesting anonymity.

The new entity will be called Vodafone Idea Ltd. The companies will now have to apply to the Registrar of Companies for registration of the merged entity.