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Corporate
Idea plea against spice merger stay
TT Correspondent |  |  05 Apr 2011

Aditya Birla Group firm Idea Cellular said it is in the process of filing an application to the Delhi High Court against the ex-parte stay on its merger with Spice Communications. The stay was obtained by DoT from the Delhi High Court last week, Idea Cellular said in a filing to BSE. 

The merger with Spice in six circles was announced in June 2008 and the copy of the same was provided to the DoT, Idea said. DoT had issued a cancellation order to Idea for the overlapping of licences in the same circle after the merger between Idea and Spice.

Idea has maintained that it has not breached any condition of the licence agreement. It said it had written 20 letters to DoT over the past 30 months but had failed to get any response from the government. 

Idea is facing charges of violation of terms of licence by retaining overlapping licences even as the company claimed that it did not wantto retain the unused spectrum and had offered to surrender the overlapped licences.

    
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05 Apr 2011(IST)  
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