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\"<p>As
As Vodafone and Idea Cellular are just few steps away from their complete merger, ET Telecom takes a look at the leadership of the combined entity that is going to be responsible for the merged unit's operations in India.<\/span><\/figcaption><\/figure> The government has said that the completion of the merger of Vodafone<\/a> India and Idea Cellular<\/a> hinges on the telcos clearing their dues and wants to close the deal at the earliest because it would bring stability to the sector.

“We have raised the demands. Now the ball is in their court,” telecom secretary Aruna Sundararajan told reporters on Wednesday when asked whether the companies have indicated they will pay or challenge the demands in court.

The Department of Telecommunications (DoT) asked Vodafone and Idea on Monday to clear ₹7,268 crore on account of one-time spectrum charges and spectrum liberalisation fees before approving the largest M&A deal in the sector.

The telecom secretary said an early closure of the deal would be in the best interests of the industry<\/a>, which has been sagging under debt of more than ₹7 lakh crore, aggravated by high spectrum prices and low call and data charges, resulting in an erosion of earnings and spurring consolidation.

“We would like to see the merger completed at the earliest because we do want the sector to stabilise and this is an important step in that direction,” the secretary said. She added that the Vodafone Group, in meetings with the DoT, said it is committed to continue investing in India after the merger.

Telecom minister Manoj Sinha<\/a> reiterated earlier in the day that the two companies have to comply with the formalities.

“Merger is already approved. There are formalities that both Vodafone and Idea have to complete now,” Sinha said, adding that designated and outgoing executives have thanked him for the department’s swift process.

The minister met Vodafone Group’s chief executive officer-designate Nick Read along with outgoing executive Vittorio Colao<\/a> and Vodafone India managing director Sunil Sood on Tuesday.

Separately, Idea said the DoT’s approval for the merger was a “conditional” one.

“Approval of the DoT was a condition precedent to the completion of merger. The current approval of DoT is conditional and not the final approval,” the Kumar Mangalam Birla-owned telco said in a regulatory statement on Wednesday in response to a BSE query on the matter.

The merger, once approved, will create an entity that will displace Bharti Airtel<\/a> from the No. 1 spot after over 16 years. Idea Cellular shares fell 2.8% to ₹54.15 at the close on the BSE on Wednesday.

The ministry has asked Idea to provide a bank guarantee of ₹3,342 crore towards one-time spectrum charges and Vodafone to pay ₹3,926 crore in cash to cover the market price for non-auctioned airwaves. Among other conditions, Idea needs to replace Vodafone’s bank guarantees worth ₹6,452 crore held by DoT with its own. This is on account of spectrum payments that fall due over the next one year.

Idea will have to pledge that it will pay Vodafone India’s one-time spectrum charges — presently stayed in the telecom tribunal — if and when such a decision is reached. All other dues, including those that may arise from other pending cases around spectrum usage charges and licence fees and penalties will need to be paid by the merged entity, which will remain listed.

The combined entity, named Vodafone Idea Ltd., is expected to be better placed to take on competition from Reliance Jio Infocomm and Bharti Airtel. On their own, Idea and Vodafone have struggled to take on Jio and Airtel, widening their losses and losing revenue and subscriber market share.

<\/body>","next_sibling":[{"msid":64955297,"title":"Idea-Vodafone merger important for stabilisation of sector, says government","entity_type":"ARTICLE","link":"\/news\/idea-vodafone-merger-important-for-stabilisation-of-sector-says-government\/64955297","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":64955869,"entity_type":"ARTICLE","title":"Vodafone, Idea merger process will be complete once telcos clear dues","synopsis":"Completion of the merger of Vodafone India and Idea Cellular hinges on the telcos clearing their dues and wants to close the deal at the earliest because it would bring stability to the sector.","titleseo":"telecomnews\/vodafone-idea-merger-process-will-be-complete-once-telcos-clear-dues","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-07-12 09:44:37","lastupd":"2018-07-12 09:44:37","breadcrumbTags":["Vittorio Colao","manoj sinha","Industry","bharti airtel","idea cellular","Vodafone"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-merger-process-will-be-complete-once-telcos-clear-dues"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-07-12" data-index="article_1">

沃达丰,想法合并过程将完成一次电信公司明确的会费

完成的合并沃达丰印度和想法细胞取决于电信公司清算他们的会费和想要达成协议,最早因为它会给该行业带来稳定。

  • 发布于2018年7月12日09:44点坚持
< p >沃达丰和想法细胞只是几步离开他们完成合并,等电信的领导需要看合并后的实体将负责合并单元在印度的业务。< / p >
沃达丰(Vodafone)和想法细胞只是几步离开他们完成合并,等电信的领导需要看合并后的实体将负责合并单元在印度的业务。
政府曾表示,完成合并沃达丰(Vodafone)印度和知道细胞取决于电信公司清算他们的会费和最早想要达成协议,因为它会给该行业带来稳定。

“我们已经提高了要求。现在球在法院,“电信部长阿鲁娜Sundararajan周三告诉记者,当被问及公司已经表示,他们将支付或在法庭上挑战的要求。

广告
电信部门(DoT)要求沃达丰和想法周一明确₹7268卢比的一次性光谱和光谱自由化费用批准之前最大的并购交易部门。

电信部长表示早期关闭交易的最佳利益行业,承受的债务已超过₹7十万的卢比,加剧了频谱的高价格和低调用和数据费用,导致收入和促进整合的侵蚀。

“我们希望看到最早合并完成,因为我们想让该行业稳定这是朝这个方向迈出的重要一步,”部长说。她补充说,沃达丰集团与点会议,表示将致力于继续在印度投资合并后。

电信部长Manoj Sinha在当天早些时候重申,这两家公司不得不遵守手续。

“合并已经批准。有手续,沃达丰(Vodafone)和现在已经完成的思想,”Sinha说,指定和传出的高管们感谢他为该部门的迅速的过程。

部长会见了沃达丰集团首席执行官officer-designate尼克即将离任的高管一起阅读维托里奥·科劳周二和沃达丰印度公司董事总经理苏尼尔Sood。

另外,想法表示点的批准合并是一个“有条件的”。

广告
“批准的点是一个先决条件的完成合并。当前批准的点是有条件的,而不是最终批准,”Kumar的Mangalam Birla-owned电信监管声明中说周三来响应疯牛病查询。

合并,一旦获得批准,将创建一个实体,将取代Bharti Airtel从1号点经过16年。知道细胞股价下跌2.8%,至54.15₹BSE周三结束时。

卫生部已要求提供银行担保的想法₹3342卢比的一次性频谱指控和沃达丰₹支付3926卢比现金支付的市场价格non-auctioned电波。在其他条件下,想法需要替换沃达丰持有的银行担保价值₹6452卢比的点有自己的。这是由于频谱到期支付,在接下来的一年。

想法必须保证它将支付沃达丰印度的一次性频谱指控——目前在电信法庭——如果这样的决定。所有其他费,包括那些从其他悬而未决的情况下可能会出现频谱使用费用,执照费和罚款将需要支付的合并后的实体,这仍将上市。

合并后的实体,沃达丰(Vodafone)有限公司,将更好地承担竞争依赖Jio Infocomm和Bharti Airtel。靠自己,想法和沃达丰难以承担Jio Airtel,扩大他们的损失和失去收入和用户市场份额。

  • 发布于2018年7月12日09:44点坚持
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  • 沃达丰,想法合并过程将完成一次电信公司明确的会费
\"&lt;p&gt;As
As Vodafone and Idea Cellular are just few steps away from their complete merger, ET Telecom takes a look at the leadership of the combined entity that is going to be responsible for the merged unit's operations in India.<\/span><\/figcaption><\/figure> The government has said that the completion of the merger of Vodafone<\/a> India and Idea Cellular<\/a> hinges on the telcos clearing their dues and wants to close the deal at the earliest because it would bring stability to the sector.

“We have raised the demands. Now the ball is in their court,” telecom secretary Aruna Sundararajan told reporters on Wednesday when asked whether the companies have indicated they will pay or challenge the demands in court.

The Department of Telecommunications (DoT) asked Vodafone and Idea on Monday to clear ₹7,268 crore on account of one-time spectrum charges and spectrum liberalisation fees before approving the largest M&A deal in the sector.

The telecom secretary said an early closure of the deal would be in the best interests of the industry<\/a>, which has been sagging under debt of more than ₹7 lakh crore, aggravated by high spectrum prices and low call and data charges, resulting in an erosion of earnings and spurring consolidation.

“We would like to see the merger completed at the earliest because we do want the sector to stabilise and this is an important step in that direction,” the secretary said. She added that the Vodafone Group, in meetings with the DoT, said it is committed to continue investing in India after the merger.

Telecom minister Manoj Sinha<\/a> reiterated earlier in the day that the two companies have to comply with the formalities.

“Merger is already approved. There are formalities that both Vodafone and Idea have to complete now,” Sinha said, adding that designated and outgoing executives have thanked him for the department’s swift process.

The minister met Vodafone Group’s chief executive officer-designate Nick Read along with outgoing executive Vittorio Colao<\/a> and Vodafone India managing director Sunil Sood on Tuesday.

Separately, Idea said the DoT’s approval for the merger was a “conditional” one.

“Approval of the DoT was a condition precedent to the completion of merger. The current approval of DoT is conditional and not the final approval,” the Kumar Mangalam Birla-owned telco said in a regulatory statement on Wednesday in response to a BSE query on the matter.

The merger, once approved, will create an entity that will displace Bharti Airtel<\/a> from the No. 1 spot after over 16 years. Idea Cellular shares fell 2.8% to ₹54.15 at the close on the BSE on Wednesday.

The ministry has asked Idea to provide a bank guarantee of ₹3,342 crore towards one-time spectrum charges and Vodafone to pay ₹3,926 crore in cash to cover the market price for non-auctioned airwaves. Among other conditions, Idea needs to replace Vodafone’s bank guarantees worth ₹6,452 crore held by DoT with its own. This is on account of spectrum payments that fall due over the next one year.

Idea will have to pledge that it will pay Vodafone India’s one-time spectrum charges — presently stayed in the telecom tribunal — if and when such a decision is reached. All other dues, including those that may arise from other pending cases around spectrum usage charges and licence fees and penalties will need to be paid by the merged entity, which will remain listed.

The combined entity, named Vodafone Idea Ltd., is expected to be better placed to take on competition from Reliance Jio Infocomm and Bharti Airtel. On their own, Idea and Vodafone have struggled to take on Jio and Airtel, widening their losses and losing revenue and subscriber market share.

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