With the net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies
The combination is set to create the country's largest mobile phone operator worth more than $23 billion with a 35 per cent market share
Sources in the know said engineers of TCS, one of Vodafone's technology vendors, are working round the clock to ensure the user interface is ready before the formal launch
Revenue declined mainly on account of down-trending of average revenue per user, which stood at Rs 100 as against Rs 105 in Q4FY18
The new entity, to be headed by Vodafone insider and current COO (India) Balesh Sharma, will have a revenue market share of about 37.4 per cent and more than 438 million subscribers
Govt gives final nod to Vodafone-Idea merger; to be India's largest operator
The combined debt of both the companies is estimated to be around Rs 1.15 trillion
New entity may challenge dues after paying under protest
Earlier this month, the Telecom Ministry granted conditional approval to the long-pending merger of Vodafone India and Idea Cellular
This will most likely be the last visit to India for Vittorio Colao as the Vodafone Group CEO as he prepares to pass on the baton to Read
After receiving the clarification from the solicitor, the DoT will prepare a demand notice to recover spectrum charges from both Vodafone and Idea
The merger deal was expected to be completed last month, but the DoT is seeking legal opinion on the merger in respect to Vodafone's administratively allocated spectrum holdings
The new operator would be the country's largest telecom company, with a revenue market share of around 37 per cent and 433 million subscribers
The proposed merger is expected to give breather to both debt-ridden firms Idea and Vodafone, from cut-throat competition in the market
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by courts
Telecom Secy Aruna Sundararajan had last month said that the clearances related to the merger of Vodafone and Idea Cellular are being expedited and that it "should get done" in the timeframe of June
Meanwhile, the new player Reliance Jio has notched up a revenue market share of 15.4% in just 15 months of commercial operations
The required approvals for the much-awaited merger have reached the last leg
Idea may have to shell out Rs 45 billion in cash
Idea's proposal assumes significance against the backdrop of pending merger with Vodafone India to form the country's largest telecom operator