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Central/South Asia - Developing Telecoms

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FDI Approvals Push Idea-Vodafone Merger into Final Stretch

FDI Approvals Push Idea-Vodafone Merger into Final Stretch

Idea Cellular has effectively been cleared to increase its foreign direct investment (FDI) by both the Reserve Bank of India (RBI) and the country’s Department of Industrial Policy and Promotion (DIPP) - a crucial step towards final clearance for its merger with Vodafone India.