DoT to clear mergers of Airtel-Telenor, Vodafone-Idea: Aruna Sundararajan

The Department of Telecommunications (DoT) is expected to clear the mergers of Bharti Airtel-Telenor and Vodafone-Idea soon, a move that will bring some stabilisation in the telecom sector currently battling financial stress.

According to Telecom Secretary Aruna Sundararajan, the go-ahead for Airtel-Telenor deal is likely within a month whereas that of Vodafone-Idea will also be granted shortly as DoT does not want to create any delays.

The Supreme Court had yesterday dismissed DoT's plea challenging telecom tribunal TDSAT order asking the government to clear merger between Airtel and Telenor India without insisting for a bank guarantee of about Rs 1,500 crore from