No Special Treatment for Vodafone, Idea, Says Manoj Sinha
The government on Thursday said there will be no special treatment for Vodafone India and Idea Cellular which have decided to merge and the companies will have to comply with existing norms on spectrum, subscriber and revenue caps.
File image of Idea and Vodaphone logo
New Delhi: The government on Thursday said there will be no special treatment for Vodafone India and Idea Cellular which have decided to merge and the companies will have to comply with existing norms on spectrum, subscriber and revenue caps.
"They have to comply with the rules...there will be no special treatment," Telecom Minister Manoj Sinha told reporters.
Sinha further said that there is no fear of cartelisation in the telecom sector in the wake of a large number of mergers and acquisitions.
"After consolidation, there will still be 5-6 players in each service area. So, cartelisation is not possible. Also, there are guidelines on revenue cap, subscriber cap and spectrum cap which will ensure a healthy competition. We have taken all precautions".
Recommended For You
- Farhan Akhtar Feels Great as He 'Bumped' into Rumoured Girlfriend Shibani Dandekar, See Post
- Monster Meteorite Crater, 'Bigger Than Paris', Discovered in Greenland
- Kapil Sharma-Ginni Chatrath Pre-wedding Details Revealed, Rituals to Start From This Date
- #DeepVeerKiShaadi: Check Out All Inside Photos of Deepika Padukone, Ranveer Singh’s Wedding
- Saregama Carvaan Premium Review: Old World Charm is Undeniable, And is Smarter Than Before