InvestorQ : How do you see the impact of the Bharti / Tata Tele merger approval on the stock price of Bharti Airtel?
Niti Shenoi made post

How do you see the impact of the Bharti / Tata Tele merger approval on the stock price of Bharti Airtel?

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Archita Jajjoo answered.
2 years ago
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The court approval finally came through. In what could be a relief for the Tata Group and Bharti Airtel, the government has finally approved the merger of the mobile business of Tata Teleservices with Bharti Airtel. This will allow Tata Tele to demerge its consumer telephony business and merge it into Bharti Airtel. The announcement of the deal had been first made by Bharti Airtel in July last year. The deal had gotten delayed because the DOT had challenged the deal on the grounds that Tata Tele had outstanding AGR and other dues to the DOT. The deal entails absorption of 19 telecom circles, of which 17 circles are under TTSL and another 2 are under Tata Teleservices Maharashtra. Bharti will also take over a small portion of the unpaid spectrum liability of Tata Tele. The deal gives Airtel additional 178.5 MHz spectrum in the exclusive 4G bands. This will be a big positive for the Bharti group as it is able to expand its spectrum ownership.

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