MoneyWorks4Me

DoT gives approval for merger of Tata Teleservices with Bharti Airtel

12 Apr 2019 Evaluate

The Department of Telecom (DoT) has given approval for the merger of Tata Teleservices (TTSL) with Bharti Airtel, subject to the condition that Bharti Airtel furnishes Rs 7,200 crore worth bank guarantee.

On April 9, telecom minister Manoj Sinha gave a conditional nod for the merger.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1829.00
Vodafone Idea 14.41
Indus Towers 386.65
Tata Communications 1693.65
Railtel Corp. India 267.70
View more..