DoT Approves Merger of Tata Tele Unit & Airtel With Riders 

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

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