Airtel-Telenor receive NCLT nod for proposed merger
August 4th, 2017
The National Company Law Tribunal (NCLT) has approved the proposed merger between Bharti Airtel and Telenor India. Bharti Airtel in June received nod from the Competition Commission of India (CCI), Securities & Exchange Board of India (Sebi), BSE and the National Stock Exchange of India. Airtel would take over its spectrum in all seven circles – Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. It would also acquire its licences and operations, including its employees and customer base of 44 million. It will also enable Airtel to bolster its spectrum footprint in the seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.