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"There is no delay on the part of the department or the government.The completion of the statutory process and the formalities are important," said Sinha on the sidelines of an event from the industry in New Delhi.
Sinha, however, added that there would be no merger and acquisition (between Vodafone and Idea) until all the formalities are completed.
After the disruptive incursion of Reliance Jio Infocomm (Jio), a billionaire of Mukesh Ambani, the British group Vodafone and Idea Cellular, of the Aditya Birla group, announced their merger to create India's largest telecommunications company, Sunil Mittal. The market dominance of Bharti Airtel.
Sinha also stated that the department was only following established rules, and once both companies have completed the required process, the merger would be instantaneous.
"The merger and acquisition standards have been set by the Department of Telecommunications and if they are completed, there will not even be a delay of one second," he said. he said, saying the government is responsible.
The merger between telecom providers N ° 2 and N ° 3 should however be finalized by the end of June 2018, but the fate of the mega transaction is in balance since the telecom department apparently raises a notice of request. against Vodafone India to clear subscriptions of nearly Rs 4,700 crore for single spectrum charges (OTSC).
The new application adds to the bank guarantee of about 2,100 rupees of rupees that the government should get from Idea Cellular for non-recurring spectrum royalty charges.
Vodafone Mobile Services, today Vodafone India, was established in 2015, following the merger of its four subsidiaries Vodafone East, Vodafone South, Vodafone Cellular and Vodafone Digilink.
The government had asked Vodafone to pay CSTO dues in the amount of Rs 6,678. Following the verdict of the Supreme Court, Vodafone India has since paid only 2,000 rupees.
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