Fair trade regulator Competition Commission of India (CCI) has approved Bharti Airtel’s deal to take-over the loss-making consumer mobile business of the Tata Group. Bharti Airtel had proposed acquisition of consumer mobile business of Tata Teleservices and Tata Teleservices (Maharashtra), which has now been approved by CCI.
The deal will also require the approval of Securities and Exchange Board of India (SEBI), stock exchanges, National Company Law Tribunal (NCLT), and Telecom Department among others.
Bharti Airtel is a leading global telecommunications company with operations across Asia and Africa.
