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.
