Idea Cellular gets DoT approval for 100% FDI in merged entity

The FDI approval is a milestone in the merger of the two companies, creating the country's largest telecom operator named Vodafone Idea

Paving the way for the approval of Idea Cellular and Vodafone India merger, the department of telecommunications (DoT) has cleared the former's proposal to increase foreign direct investment (FDI) limit to 100 per cent in the merged entity. 

Idea currently has FDI limit of 67.5 per cent. 

“The approval is for total foreign investment up to 100 per cent in Idea Cellular and total indirect FDI in its relevant subsidiaries, Aditya Birla Telecom and Idea Cellular Infrastructure Services,” Idea said.

The FDI approval