Bharti Airtel-Telenor Deal Expected to Get Approval from DoT in a Week
In a move that will ease mergers and acquisitions within the telecom industry, the Supreme court quashed the telecom department’s bid to make Bharti Airtel furnish a bank guarantee of Rs 1,499 crore as a pre-condition for approving Airtel’s acquisition of Telenor India. The order has cleared the path for the Bharti Airtel-Telenor deal to go through. The apex court in its order on Wednesday dismissed Department of Telecommunications (DoT)... Read More