Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General News DoT approves merger of Bharti Airtel and Telenor India
Advertisement
#1
The Department of Telecom (DoT) today approved the merger of Telenor India with Bharti Airtel, according to an official source. “The DoT has approved merger of Telenor India with Bharti Airtel this morning,” the official source told PTI.

The Supreme Court last week rejected DoT’s petition for security deposit of around Rs 1,700 crore from the companies and directed it to approve the merger.

The guarantee included Rs 1,499 crore for one-time spectrum charge for the radiowaves allocated to Airtel without auction, and over Rs 200 crore for spectrum payment which Telenor has to make.

The merger will bolster Airtel’s spectrum footprint in seven telecom circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.

Telenor India runs operations in seven circles — Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

DoT has asked Airtel to reduce it market share based on adjusted gross revenue (money earned from telecom services) in Bihar service area to the limit of 50 per cent, within one year from the date merger of two companies is approved.

The National Company Law Tribunal (NCLT) had approved the proposed merger on March 8.

Source:
___________________________________________
Airtel Digital HD Recorder / Kerala Vision Digital TV
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  General News: Vivo V21 5G Neon Spark variant launched in India nairrk 0 31 10-13-2021, 06:17 PM
Last Post: nairrk
  General News: Realme GT Neo 2 launched in India with 120Hz AMOLED display, Snapdragon 870 SoC nairrk 0 36 10-13-2021, 01:56 PM
Last Post: nairrk
  General News: Oppo A55 with 5,000mAh battery launched in India nairrk 0 70 10-01-2021, 02:53 PM
Last Post: nairrk
  General News: Vivo X70 Pro, X70 Pro+ launched in India nairrk 0 55 09-30-2021, 03:31 PM
Last Post: nairrk
  General News: Xiaomi 11 Lite NE 5G launched in India nairrk 0 50 09-30-2021, 07:57 AM
Last Post: nairrk
  General News: Samsung Galaxy M52 5G with 120Hz display launched in India nairrk 0 55 09-28-2021, 06:01 PM
Last Post: nairrk
  General News: iQOO Z5 5G launched in India with Snapdragon 778G nairrk 0 47 09-27-2021, 02:38 PM
Last Post: nairrk
  General News: Redmi 9 Activ launched in India nairrk 0 61 09-27-2021, 07:59 AM
Last Post: nairrk
  General News: Samsung Galaxy M51 launches in India nairrk 0 250 09-10-2020, 02:05 PM
Last Post: nairrk
  General News: Infinix Note 7 to launch in India with 48MP camera and MediaTek Helio G70 SoC nairrk 0 230 09-04-2020, 10:19 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement