CCI Approves Proposed Merger Of Telenor With Bharti Airtel


Bharti Airtel Limited in BSE filing on Tuesday said that the Competition Commission of India (CCI) has approved the proposed merger of Telenor (India) Communications Private Limited with Bharti Airtel Limited.

Bharti Airtel Limited was trading at Rs 367.90, down by Rs 4.45 or 1.20% as at 11.10 on Tuesday, on the BSE. The stock had hit a low of Rs 367.50.

As the debt crisis is widening for the Telecom industry, it is looking for a way out by through such mergers. Earlier this year, Vodafone and Idea created the biggest merger of the industry. Reliance Communications has also recently announced its merger with Aircel, which will be called ‘Aircom’.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 ✔ 
Give a Missed Call for Free Trial - 09699997717 ✔
Share on Google Plus

About Suhani Varma

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.

0 comments: