Thursday, September 21, 2023

Will look at Voda-Idea merger when required: TRAI

Himalayan Paths

Ranchi, Feb 17: Telecom watchdog Telecom Regulatory Authority of India (TRAI) today said it will look into the proposed Vodafone and Idea merger “as and when” regulatory issues crop up.

“That�s (merger of Idea and Vodafone India) a business decision. I would not like to comment. As and when there is regulatory issue I will certainly give advice to the government,” TRAI Chairman R S Sharma said on the sidelines of Momentum Jharkhand here today.

On January 30, Britains Vodafone Group confirmed it is in discussions to merge its Indian unit with Idea Cellular in an all-share deal to create the country�s largest telecom operator with 43 per cent revenue market share.

The combined entity is expected to pose formidable competition to the current market leader Bharti Airtel and aggressive new entrant Reliance Jio.

The merger of Vodafone — the country�s second-largest cell phone network operator — with the Aditya Birla Group firm � India�s third-largest cellular operator would create a company with over 395 million users and form one of the largest telecom companies in the world.

Lauding the IT policies of Jharkhand, Sharma said companies can come and invest here as right skill-sets are easily available.

He also added that Jharkhand is the first state where TRAI is testing open duct policy in which any service provider can come in and take their fibre without digging again.

“Jharkhand is crucial for testing our new policies,” he said, adding that Ranchi has the potential to become the Bengaluru of the East India.

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