May 10th, 2018 10:53 AM 11 COMMENTS

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

May 4th, 2018 12:12 PM 25 COMMENTS

DoT Holds Up on Airtel’s Acquisition of Telenor India for Insisting on Bank Guarantees

A Telecom Tribunal order was passed before, that directed the Sunil Mittal led company Bharti Airtel to acquire Telenor India without relying and insisting on a bank guarantee of about Rs 1,700 crore. Putting that order in scrutiny, the Department of Telecom has finally moved to Supreme Court questioning the previous order of the tribunal. Interestingly, Airtel had already walked into the court beforehand expecting this move from the DoT and filed... Read More

April 13th, 2018 10:07 AM 9 COMMENTS

TDSAT Asks DoT to Approve Airtel-Telenor Merger Without any Bank Guarantee

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has now asked the Department of Telecom (DoT) to approve the Bharti Airtel and Telenor India merger without any bank guarantee, as per a new report from PTI. The DoT, earlier this month asked the leading telecom operator Bharti Airtel to submit the bank guarantee of around Rs 1,700 crore so that it can approve the proposed merger with Norway-based Telenor. The... Read More

March 9th, 2018 5:53 PM 4 COMMENTS

Airtel’s Buyout Offer of the Indian Branch of Telenor Goes Through NCLT

Airtel in its feud against Jio has been making audacious attempts on its half to make competitive decisions which would help them put a strong fight against Jio. One such decision was buying the Indian branch of Norway’s Telenor. News comes that Airtel’s offer to buy the telecom giant has finally gone through the National Company Law Tribunal (NCLT). Bharti Airtel entered into an agreement with Telenor South Asia Investments... Read More

June 1st, 2017 6:40 PM 13 COMMENTS

Airtel-Telenor Merger Gets a Nod From SEBI, BSE and NSE

Bharti Airtel and Telenor India have gotten one step closer to their merger in India, having received the approval of the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), according to an official statement. The Sunil Mittal-led telecom operator had in February entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor India’s running operations... Read More

February 23rd, 2017 5:14 PM 23 COMMENTS

Airtel-Telenor deal is a result of Reliance Jio’s aggressive entry: Fitch

Fitch Ratings said that Airtel’s deal with Telenor to acquire the latter’s India operations is the latest sign that the entry of aggressive Reliance Jio is spurring incumbents to consolidate to meet the intense competition and weaker telcos better to exit altogether. Jio's massive investment of USD20-25 billion and unique offering of free voice and data for six months to new subscribers have accelerated industry consolidation. The on-going consolidation is... Read More

January 20th, 2017 11:49 AM 30 COMMENTS

Vodafone & Idea’s strength and weaknesses match very well, a merger is a perfect match: Sunil Mittal

Bharti Enterprises Chairman Sunil Bharti Mittal reckons that the merger of Vodafone India and Idea Cellular, if takes place, is a ‘perfect match’, as their strength and weaknesses match very well, and can lead to a good business case. In an interview to BloombergQuint on the sidelines of the 47th World Economic Forum at Davos, Mittal said, "It’s a perfect match... But you know I can’t sit on the minds... Read More

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