Merger with Idea by first half of 2018: Vodafone’s Sunil Sood
Vodafone expects to complete its merger with Idea Cellular in the first half of 2018 - that's the word coming in from the MD and CEO of Vodafone India, Sunil Sood.
In an interaction with CNBC-TV18, he said we had to first get CCI approval, then the stock exchange approval and the SEBI approval. The next step was individually for both companies to get NCLT approval, which have now got.
Now the last step is to get the DOT approval in terms of merging the licenses etc, he added.
Today only I noticed there's a change in Vodafone logo!?. Also I can't access to their site?. Is anyone noticed?. Something happening back-end I think.
Balesh Sharma was named the CEO of merged entity of Idea Cellular and Vodafone India. Shama till now was the chief operating officer COO of Vodafone India.