The Department of Telecommunications (DoT) approved the merger of the consumer mobile operations of the Tata group with Bharti Airtel. The final approval comes over two years after the companies had announced their plan to merge businesses.
Merger of Tata group with Bharti Airtel:
♦ In October 2017, the Tata group had announced that it is to sell its consumer mobile business to Bharti Airtel.
♦ Under the deal, Airtel absorbed Tata's mobile phone operations across the country in 19 circles out of which17 under Tata Teleservices and two under Tata Teleservices (Maharashtra) Ltd.
♦ Airtel's spectrum footprint and 4G coverage were expanded after the acquisition. The deal also empowered Airtel to use part of the existing fibre network of the Tata companies.
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