Thursday, 27 April 2017

Bharti Airtel to buy Telenor India

By Nick Wood, Total Telecom
Thursday 23 February 17

Norwegian incumbent heads for the exit amid intense competitive pressure.

Bharti Airtel on Thursday agreed to acquire 100% of Telenor's Indian operation, a deal that enables the former to strengthen its competitive position in seven key telecom circles, and the latter to retreat from a market in the grip of an intense price war. Bharti Airtel will take over Telenor's spectrum, subscribers, licences and operations, including its employees. Telenor India currently has 44 million customers across the circles of Andhra Pradesh…

Bharti Airtel on Thursday agreed to acquire 100% of Telenor's Indian operation, a deal that enables the former to strengthen its competitive position in seven key telecom circles, and the latter to retreat from a market in the grip of an intense price war. Bharti Airtel will take over Telenor's spectrum, subscribers, licences and operations, including its employees. Telenor India currently has 44 million customers across the circles of Andhra Pradesh…

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