Airtel Grows Bigger With Over 330 Million Customers, Completes Telenor Acquisition

Share
Airtel Grows Bigger With Over 330 Million Customers, Completes Telenor Acquisition

Telenor India runs operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

Bharti Airtel announced the completion of the acquisition of Telenor India Communications as part of the company strategy to enhance spectrum and customer base.

The telecom department Monday approved the merger of Norwegian telecom major's India arm - Telenor India - with India's leading carrier Bharti Airtel.

All existing customers of Telenor India will now become a part of India's largest mobile network and will enjoy world-class services - high speed data, voice and content - at affordable prices. "We would like to thank all the concerned authorities and stakeholders for granting approvals to this transaction". All the customers will be transitioned seamlessly to the Airtel network and will continue to enjoy uninterrupted services with the Same SIM, Same Number, and Same Plan/Pack benefits, said Bharti Airtel on Monday in a stock market filing. These represent high population concentration and, therefore, offer high potential for growth.

Last week, the Supreme Court dismissed the petition of DoT challenging the order of telecom tribunal TDSAT which had directed the government to clear a deal between Bharti Airtel-Telenor without a bank guarantee of Rs 1,499 crore.

The guarantee included Rs 1,499 crore for one-time spectrum charge for the radiowaves allocated to Airtel without auction, and over Rs 200 crore for spectrum payment which Telenor has to make.

Bharti Airtel had received the approval of the Securities and Exchange Board of India (SEBI), BSE, National Stock Exchange of India Limited (NSE) and Competition Commission of India for the proposed merger with Telenor (India) in June past year.

Airtel will add 5 MHz to 7.2 MHz of Telenor's spectrum (1800 band) in each of the seven circles.

DoT is to yet to take a final decision on giving approval to Vodafone and Idea Cellular due to pending spectrum fee related issues.

Share

Advertisement

Related Posts

16-year-old Roanoke girl abducted on Mother's Day
The suspect has been identified as Camron Gil Williams, who has 7 outstanding warrants for his arrest in the area. An AMBER Alert has been canceled for 16-year-old Deidra Amaya Davis from Roanoke, Virginia.

How to Watch Vegas Golden Knights vs. Winnipeg Jets
While the Jets will be focusing on establishing their game early, the Golden Knights will be trying to play a good, hard game. David Perron did not skate this morning while Tomas Tatar skated in his place both in line rushes and on the power play.

Rangers complete signing of Burnley midfielder Scott Arfield
How big a role Arfield can play in that remains to be seen. "As soon as the interest came in it was something I wanted to go for". Rangers have completed their first signing in the Steven Gerrard era, nabbing Scott Arfield from Burnley on a free transfer.

Netflix orders anthology horror series 10 After Midnight from Guillermo del Toro
Del Toro will serve as the anthology's executive producer and creator, as well as director and writer for some episodes. This new anthology series follows Guillermo del Toro's successful animated series Trollhunters which airs on Netflix .

This Country, Three Girls Each Score Two BAFTA TV Awards
It told the harrowing story of the children who were groomed, sexually abused and trafficked by British Pakistani men in Rochdale. The scene of a mother pilot whale grieving her young scored the only prize voted for by the public.

RBI curbs on Allahabad Bank
Net NPAs were also up at 11.95 per cent (Rs 7,838.78 crore) from 10.66 per cent (Rs 7,735.12 crore). The Kolkata-based bank said its board meeting on 11 May took note of the restrictions.

Mark Waugh to step down as Australian cricket selector
Adam Gilchrist has also signed with Fox along with Allan Border, Mike Hussey, and England's Michael Vaughan. Waugh is also part of the IPL commentary team for host broadcaster Star Sports .

NC native Simpson completes a big win at Players Championship
Woods had 110 yards to the pin, he belted a 60 degree wedge , only to see the ball spin back off the front of the green. I got it down to four at one point and felt like I needed four or five more coming in to maybe have a chance.

'Pantomime villain' Mike Ashley makes transfer pledge to Newcastle boss Rafa Benitez
Newcastle deservedly ended a run of four successive defeats under former Chelsea manager Rafa Benitez to earn a top-10 finish. Newcastle wrapped up the season with an impressive 3-0 home victory over a dejected Chelsea side on Sunday afternoon.

10 kids taken from California home, mom denies abuse
He says officers found spoiled food on the floor and animal and human feces when they removed 10 children from the home in March. On March 31st, the Fairfield Police Department responded to a report of a missing juvenile in the 2200 block of Fieldstone Ct.

© 2015 ExpressNewsline. All Rights reserved.