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Happy to get merger letter; we will remain competitive: Vodafone CEO designate

Press Trust of India  |  New Delhi 

today said it will remain competitive post merger with in the market, which has seen huge disruption and turbulent tariff war with entry of new entrant Reliance

"We will remain competitive," designate told after meeting with top brass at the telecom ministry.

The top management of today met and following approval of its Indian arm with

Read confirmed to have received the letter approving the merger.

"We are happy to receive the letter," Read said.

There have been speculation that and Vodafone may challenge in court the demand of Rs 3,976 crore for one time spectrum charge of Vodafone India, and of Rs 3,342 crore sought by DoT before it grants final approval for the merger.

Vodafone Vittorio Colao, who will remain in office till October, said: "I am very optimistic," that it the new entity, to be named Vodafone Idea Ltd, will be in place before he remits the office.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 16:10 IST