Idea Cellular and Spice Communications deal
Idea Cellular holds overlapping licences in six circles after it acquires Spice Communications.
K.M. Birla
What a deal, Sirji
1. October 2008 Idea Cellular holds overlapping licences in six circles after it acquires Spice Communications.
2. February 2011 The Additional Solicitor General of India says the merger violates M&A norms, suggests action against Idea.
3. April 7, 2011 The Department of Telecom, or DoT, imposes a penalty of Rs 300 crore on Idea for holding dual licences.
4. April 25, 2011 DoT slaps a fine of Rs 27.65 crore on Idea and Spice for the delay in the rollout of services in five circles
5. July 6, 2011 Idea gets a breather with the telecom tribunal restraining the DoT from imposing the penalty
-Anamika Butalia
1. October 2008 Idea Cellular holds overlapping licences in six circles after it acquires Spice Communications.
2. February 2011 The Additional Solicitor General of India says the merger violates M&A norms, suggests action against Idea.
3. April 7, 2011 The Department of Telecom, or DoT, imposes a penalty of Rs 300 crore on Idea for holding dual licences.
4. April 25, 2011 DoT slaps a fine of Rs 27.65 crore on Idea and Spice for the delay in the rollout of services in five circles
5. July 6, 2011 Idea gets a breather with the telecom tribunal restraining the DoT from imposing the penalty
-Anamika Butalia
