The Department of Telecommunications (DoT) has approved the merger of Tata Teleservices with Bharti Airtel Ltd., subject to the condition that it furnishes a Rs 7200 crore bank guarantee.
Telecom Minister Manoj Sinha gave his conditional nod for the merger. The guarantees are mostly related to one-time spectrum charges (OTSC) and some deferred airwave charges, according to people aware of the development.
Source- The Economic Times
