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Airtel gets first nod for TTSL takeover

17 Nov 2017

Bharti Airtel, India’s largest wireless provider by subscribers, has received approval from the Competition Commission of India (CCI) for its planned acquisition of the wireless business of Tata Teleservices Limited (TTSL), the Economic Times reports. The authorisation represents the first of numerous permissions that the duo will need to secure before the merger can take place, with agencies such as the Department of Telecommunications (DoT), the National Company Law Tribunal (NCLT) and the Securities and Exchange Board of India (SEBI) still to weigh-in on the deal.

As previously reported by TeleGeography’s CommsUpdate, Airtel agreed last month to a cash-free takeover of Tata Group’s wireless operations in India following the drawn-out departure of Tata’s Japanese partner, DOCOMO, from the venture. The merger will see Airtel take on roughly 40 million subscribers, along with a spectrum portfolio comprising 178.5MHz across the 850MHz, 1800MHz and 2100MHz ranges.

India, Bharti Airtel, Tata Tele Business Services (TTBS, previously TTSL/TTML)

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