CCI approves merger of Vodafone-Idea

The Competition Commission of India (CCI) has unconditionally approved the merger of the telecommunications businesses of Vodafone India Limited, and its wholly-owned subsidiary Vodafone Mobile Services Limited, with Idea Cellular Limited. The US$23-billion transaction is the largest transaction in terms of value in the history of Indian M&A. 

Shardul Amarchand Mangaldas & Co. acted for Vodafone India Limited and Vodafone Mobile Services Limited before the CCI. 

The telecommunications sector in India is witnessing significant consolidation after the entry of Reliance Jio last year. This merger will allow the parties to invest more significantly in improving coverage and capacity in telecom infrastructure, thereby enabling Vodafone-Idea to offer a better, more innovative and attractive range of services to Indian consumers, fuelling the Digital India initiative of the Government....Read More