Tata and Bharti to Combine Consumer Telecom Business

Business

oi-Sunil Fernandes

By Sunil Fernandes

Updated: Thursday, October 12, 2017, 16:44 [IST]

Bharti Airtel Limited, India's largest telecommunications services provider and Tata, have announced that they have entered into an understanding (Agreement) to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Ltd (TTSL) and Tata Tele Maharashtra (TTML) into Bharti Airtel.

Over 40 Million customers will now join Bharti Airtel and benefit from state of the art 4G Mobile network with fall back on its 3G & 2G ecosystem. The merger will be on a debt-free cash-free basis and all past liabilities and dues will be settled by Tatas.

The acquisition is subject to requisite regulatory approvals. As part of the Agreement, Bharti Airtel will aborb Tata CMB's operations across the country in nineteen circles (17 under TTSL and 2 under TTML).

These circles represent bulk of India's population and customer base. The proposed merger will include transfer of all the customers and assets of Tata CMB to Bharti
Airtel, further augmenting Bharti Airtel's overall customer base and network.

Bharti Airtel to further bolster its strong spectrum foot-print with the addition of 178.5 MHz spectrum (of which 71.3 MHz is liberalised) in the 850, 1800 & 2100 MHz bands. Bharti Airtel will ensure quality services to Tata CMB's customers, while offering them the added benefits of its innovative product portfolio, access to superior voice & data services, mobile banking, VAS and domestic/ international roaming facilities.

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