Singtel: Tata & Bharti To Combine Consumer Telecom Business.13 Oct 2017 10:35
Tata Consumer Mobile Businesses to merge with Bharti Airtel. Over 40 Million customers to join Bharti Airtel and benefit from state of the art 4G Mobile network with fall back on its 3G & 2G ecosystem. Merger on a debt-free cash-free basis. All past liabilities and dues to be settled by Tata. Bharti Airtel will assume a small portion of the unpaid spectrum liability of Tata. Merger to bolster Bharti Airtel's pre-eminent spectrum pool with significant additional spectrum in 1800, 2100 & 850 MHz bands, all widely used for 4G. Transaction will also provide Bharti Airtel right to use Tata's existing fibre network. Merger of Tata Teleservices Limited and Tata Teleservices Maharashtra Limited customers and revenue base will further strengthen Bharti Airtel's Revenue Market Share. Tata to retain its stake in Viom and take care of associated liabilities...
Source: ShareInvestor Express