NCLT gives nod to transfer Bharti Airtel’s optical fibre cable biz to Telesonic Networks

04 Jul 2019

The National Company Law Tribunal (NCLT) has given its approval for a scheme of arrangement involving the transfer of optical fibre cable business undertaking of Bharti Airtel to wholly-owned subsidiary--Telesonic Networks.

The company had in November 2017 announced it plans to transfer the optical fibre cable business to Telesonic Networks for a valuation of up to Rs 5,650 crore. The optical fibre cable business of Bharti Airtel includes both underground and overground fibres.

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

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