04 August 2017

NCLT Approves Airtel-Telenor Merger

NCLT Approves Airtel-Telenor Merger

The National Company Law Tribunal (NCLT) has approved the proposed merger between Bharti Airtel and Telenor 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. 

Important Takeaways from Above News-
  • Chairman and MD of Airtel is Sunil Bharti Mittal.
Source-  Business Standard

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