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India: Telecom department seeking legal opinion on Vodafone-Idea merger

By  |  June 19, 2018

India’s Department of Telecommunications (DoT) is seeking legal opinions on the Vodafone-Idea Cellular merger in respect to Vodafone’s administratively allocated spectrum holdings, according to CNBC.

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    Industry sources said the issue now is that, with Vodafone being acquired by Idea, whether DoT should raise the demand on Idea Cellular of the differential amount.

    The DoT is seeking legal opinions on whether a fresh demand can be raised on Idea for the differential amount between the market determined price and the entry fee paid for 4.4 MHz of administratively allocated spectrum of Vodafone.

    It is also seeking legal opinions on whether this would be wilful disobedience of the court.

    Full Content: NDTV

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