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Bharti Airtel withdraws bid to purchase assets of RCom

18 Nov 2019 Evaluate

Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications (RCom) after terming the move of the committee of creditors to extend the bid submission deadline as extremely unfair and biased. Earlier, the company had placed conditional bid to buy spectrum of RCom, while Bharti Infratel has submitted bids for mobile towers.

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

Peers
Company Name CMP
Bharti Airtel 1741.00
Vodafone Idea 12.65
Indus Towers 376.00
Tata Communications 1685.50
Railtel Corp. India 257.20
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