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Vodafone Idea Merger Agreement

c. Access to the website is restricted. Only users with login credentials can access the site. The user`s identity is provided by the company, while the user defines the login password that must be encrypted and stored on the site`s server. It is highly recommended to keep the password confidential. The password is an authentication tool, and we recommend that each user regularly change the password. You will be solely responsible for the privacy of your username, password or account data that you created for the use of services by You agree to immediately notify the Company of any unauthorized use of your password or account or any other security breaches. A. You agree and agree that the company may suspend or vary the entire website or part of the website at any time, without notice. Entity reserves the right to make further changes to the website or its contents and services that may be modified, modified, modified, supplemented or withdrawn if necessary with respect to the business requirements and/or directives issued by TRAI, Department of Telecom (DOT) and/or legal amendments, and these are mandatory for you. These exemptions, etc., are considered effective and effective as soon as the various conditions are published on the site.

Therefore, it is recommended that you regularly check for updates or changes to these Terms and Conditions and, if the amended or amended terms and conditions are not acceptable to you, you should stop accessing the site. Your continued use of the site in any way represents your acceptance of the latest revised conditions. These terms and conditions as well as a separate written or electronic contract if a contract between you and the Company constitutes the complete agreement between you and the Company. Non-compliance or application of a provision is not considered a waiver of that provision. If the provisions of these conditions are cancelled or declared illegal, this does not affect the validity of the balance sheet provisions. The company may surrender its rights and obligations without notice at any time. Your rights and obligations cannot be surrendered without our consent. New Delhi: Idea Cellular Ltd and Vodafone India Ltd made a joint payment of the following 7,248.78 in protest to the telecommunications department for the merger of their mobile phone business. “Idea Cellular and Vodafone made payments in protest, as requested by DoT for the merger. 3,926.34 Crore were paid in cash and a bank guarantee was put in place in figures of 3,322,44IV crore,” confirmed an official of Idea Cellular Development. Vodafone and Idea plan to complete the merger by 2018.

Concentration operations are subject to authorisation. Transactions also have a break tax of Rs. 3,300 crore under certain conditions. A breaking fairy is a penalty to be paid by the party that withdraws from the agreement. The merger between Idea and Vodafone will make him a major player. For cooperative management, synergies of up to INR 670 billion and INR 140 billion in operating costs can be acquired for the fourth year. It will also provide credits for the sale of Towers Assets to a consolidated transaction. Idea Cellular Board today approved its merger with Vodafone India and Vodafone Mobile Services, a step that will create the country`s largest telecommunications service provider. Until the merger is completed, Vodafone and Idea will enter service separately and use both brand names after the merger.