Friday, October 13, 2017

TTML to merge with Bharti Airtel

Tata Sons Ltd will sell its consumer mobile business -  TTML to India’s largest telecom operator Bharti Airtel.

Airtel is acquiring the assets on a debt-free, cash-free basis, except for it assuming a fraction of the unpaid spectrum fees that the Tata group owes to the department of telecommunications.

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