Bharti Airtel and Telenor’s Merger Now Receives NCLT Nod

Bharti Airtel is on the verge of merging with Telenor India and today, the National Company Law Tribunal (NCLT) has reportedly approved the proposed merger between both the operators. The proposed merger had earlier received a nod from Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).

airtel-telenor-merger-india

A report from Business Standard says that NCLT has “instructed the companies to hold a meeting of equity shareholders and unsecured creditors.” For the uninitiated, Bharti Airtel, India’s leading telecom operator, back in February 2017 announced that it would be acquiring Indian operations of Norway-based Telenor. However, the amount of the merger remains undisclosed.

The Sunil Bharti Mittal-led telco would completely take over Telenor’s spectrum in seven circles – Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These circles represent a high population concentration and therefore offer a high potential for growth. Yes, Airtel will take over the current 44 million subscribers of Telenor as well.

The proposed acquisition will include the transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its strong spectrum footprint in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.

Currently, Telenor is struggling to hold its own against the top telcos such as Reliance Jio, Vodafone India, and Idea Cellular. The TRAI subscriber addition data released every month also showed that Telenor is actively losing its subscribers, more than anyone else in the market. Last year, Telenor’ subscriber base was over 50 million, which is now reduced close to 44 million.

Besides the approvals, Airtel promised to deliver seamless services to all the 44 million Telenor subscribers, which would be operating under Airtel in next few months. After all, Bharti Airtel is the top telecom operator of India and is known for its good customer centric approach.

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

11
Leave a Reply

avatar
Photo and Image Files
 
 
 
7 Comment threads
4 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
10 Comment authors
Gurpreet SinghPartha Pratim BERATroyNikhilonam jee Recent comment authors
newest oldest most voted
Partha Pratim BERA
Partha Pratim BERA

No thnx. Just see it Airtel SMS jadoo.

Troy
Troy

I don’t know why airtel is acquiring telenor.
I don’t theke those 40 million people use telenor for its good coverage, probably they use telenor for low cost services.
If now they moved to airtel suddenly, and get the experience of high cost, will they use airtel???
I really have doubt that if those 40 million people stay with airtel or not.
Some will stay probably but many will leave for jio or other low cost good service provider.

Recent Posts

Asus Zenfone Max M2 Now Has a Starting Price of Rs 7,999 After a Price Cut

Asus has released some very noteworthy phones in the mid-range price segment. The Taiwanese manufacturer first launched the Asus Zenfone...

ACT Fibernet Broadband Plans With Netflix Subscription Offers Up to 500GB Extra Data

ACT Fibernet or Atria Convergence Technologies has been offering some attractive broadband plans to the customers across all the cities...

Xiaomi to Launch 64MP Camera Smartphone in Coming Months, Teases Camera Sample

Until now, 48MP camera phones have been in the hype in the market. However, that might soon change as there...