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Bharti Airtel completes merger of Tata Tele's consumer mobile businesses

02 Jul 2019 Evaluate

Bharti Airtel and Bharti Hexacom have completed the merger of the consumer mobile businesses (CMB) of Tata Teleservices (TTSL) and Tata Teleservices (Maharashtra) (TTML). This move spells better synergies and increased customer base for the country’s third-largest mobile service provider. The merger is effective from July 1, 2019.

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) order directing the Department of Telecommunications (DoT) to take on record the merger and the schemes of arrangement by the National Company Law Tribunal (NCLT), Delhi and NCLT, Mumbai. Moreover all customers, assets, spectrum and agreed liabilities of the Consumer Mobile Businesses of TTSL and TTML now stand merged with Airtel.

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

Peers
Company Name CMP
Bharti Airtel 2065.90
Jio Platforms 1437.00
Vodafone Idea 12.25
Indus Towers 390.00
Tata Communications 1762.65
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