Telecom Company Bharti Airtel has announced that it has entered into a definitive agreement with Telenor South Asia Investments to acquire Telenor (India) Communications.
Airtel will acquire Telenor India’s running operations in seven circles – Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
Their commitment to lead India’s digital revolution by offering world-class and affordable telecom services through a robust spectrum portfolio spread across multiple bands.
The proposed transaction will also create substantial long term value for Airtel’s shareholders.
Sigve Brekke, chief executive officer of Telenor Group, says, “We believe today’s agreement is in the best interest of our customers, employees and Telenor Group.
