CCI gives unconditional nod to Vodafone-Idea merger: media reports

In March, Vodafone and Idea decided to join hands to meet intense competition

The Competition Commission of India on Monday gave an unconditional nod to Vodafone-Idea merger with no additional scrutiny, sources said today. CCI has further sent the letters of approval to Vodafone and Idea. 
 

Now, Vodafone and Idea will have to move to Sebi for requisite approvals.  All other regulatory approvals for the merger are expected within six months, sources said.
 

Vodafone and Idea have assured the government they will return spectrum in whichever circle mandated. NCLT will ensure the merger is as per DoT and M&A guidelines.
 

In March, Vodafone and Idea decided to join hands to take on intense