Vodafone, Idea pay $1.05b to India’s DoT for merger

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Idea Cellular Ltd and Vodafone India Ltd have made a joint payment of ₹ 7,248.78 crore under protest to the department of telecom for merger of their mobile business. “Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. ₹ 3,926.34 crore have been paid in cash and bank guarantee of ₹ 3,322.44 crore have been furnished,” an Idea Cellular official confirmed the development.

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