Merger of Airtel and Telenor approved
The Department of Telecom (DoT) on 14 May 2018 approved the merger of Telenor India with Bharti Airtel.
- The merger will bolster Airtel's spectrum footprint in seven telecom circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
- Telenor India runs operations in seven circles -- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
- DoT has asked Airtel to reduce it market share based on adjusted gross revenue (money earned from telecom services) in Bihar service area to the limit of 50 per cent, within one year from the date merger of two companies is approved.
- The National Company Law Tribunal (NCLT) had approved the proposed merger on March 8.