Bharti Airtel to acquire Telenor India

  • 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.
Source: http://bit.ly/2lQCxnW

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