Idea Cellular on Monday announced that its board has approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services Limited with itself in the process creating the country's largest telecom entity.
The Telecom Commission has asked the Telecom Regulatory Authority of India (TRAI) to review its existing rules to ensure financial stability in the telecom industry. The sector has seen a decline in revenue in the second and third quarters due to Reliance Jio‘s freebies.
R Chandrashekhar, former Telecom Secretary and President of Nasscom said that the question still remains as to how customers will be compensated for failure of service.
Rajan Matthews believes the move taken by the CCEA will atleast allow the spectrum aution process to continue which is important as the cost to the exchequer on just sitting on unused spectrum is very large.