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India: CCI gives unconditional nod to Vodafone-Idea merger

By  |  August 2, 2017

The Competition Commission today approved the merger of Vodafone India and Idea Cellular, said lawyers who worked on the deal, which will create the country’s largest telecom operator.

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    Shardul Amarchand Mangaldas said the regulator has “unconditionally” approved merger of the telecommunications businesses of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services, with Idea Cellular. “The US$23 billion transaction is the largest transaction by value in the history of Indian M&A,” it said in a statement.

    According to the statement, the regulator carried out a comprehensive review of the transaction and concluded that there was no appreciable adverse effect on competition from the proposed merger.

    Full Content: Economic Times

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