Bharti Airtel Tata CMB Merger

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December 20th, 2017 9:19 PM 6 COMMENTS

Airtel’s Board Gives Green Signal on Takeover of Tata Teleservices Telecom Business

Telecom operator Bharti Airtel's board today approved the agreement to take over the telecom arm of Tata Teleservices. Back in October 2017, Airtel announced that it's taking over Tata's telecom business on a 'no-debt, no-cash basis,' since the latter is not able to sustain the current telecom scenario. Both the companies announced the deal. "The Board of Director in its meeting held on December 19, 2017, has approved...composite scheme of... Read More

October 12th, 2017 4:36 PM 192 COMMENTS

Bharti Airtel and Tata Announce Merger; Over 40 Million Tata Customers to Join Airtel Network

Bharti Airtel, India's largest telecom operator today announced that they have entered into an agreement to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) into Bharti Airtel. Airtel released a press statement saying that the acquisition is subject to requisite regulatory approvals. So, under this agreement, Airtel will engross Tata CMB’s operations across the country in 19 circles (17 under TTSL and... Read More

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