Vodafone and Idea Merger Deal Approved

The Competition Commission of India has approved the merger of Vodafone India and Idea Cellular.

The $23-billion transaction is the largest transaction by value in the history of Indian M&A.

The CCI approval, within Phase 1, is a very welcome development for both the Indian M&A landscape and the telecom sector.

Phase 1 refers to the deal being approved within 30 working days as provided by the Competition Act.