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You are Here : DoT levies Rs 300 cr-penalty on Idea for M&A norm violation

Friday, 03:55

The telecom minister has cleared the penalty note to Idea on account of Idea-Spice merger, wherein the DoT has levied a fine of Rs 50 crore per circle for six telecom circles, which translates to a total penalty of Rs 300 crore to the company. A showcause notice will be issued to Idea for a response within 60 days.
AUG 31, 2016
07:56 AM

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