By Ka Kay Lum
The transaction was terminated due to the non-fulfillment of certain conditions.
Idea Cellular and Vodafone have cleared the last regulatory hurdle to merge their operations in India, opening the way for the creation of a new market leader in the fiercely competitive market.
Airtel has, however, approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) seeking a stay on the DoT demand.
The new mobile business, slated for debut next year, will tie together the company’s disparate portfolio of about 80 different services.
Reliance Jio will use the proceeds to expand its operations in the GigaFiber segment.
For Xiaomi, the real battle revolves around growing services income — its main source of profit. While it’s made advances in China with its own video, music and finance apps, those businesses barely exist elsewhere.
A deal for Amaysim, which leases the wireless network owned by the Singapore carrier’s local subsidiary, would give Singtel access to the operator’s more than 1.1 million mobile subscribers.
The permit will help Telenor ASA-backed Total Access Communication ensure continuity of service as some of the operator’s concessions expire in September.
The acquisition will allow edotco to expand its presence and improve the operational efficiency of tower infrastructure in Kedah.
The telecom department gave conditional approval for the Vodafone-Idea merger and asked the companies to meet the demand raised for taking the deal on record.