Devesh
Core Member
Bharti Airtel India’s largest telecommunications services provider, on Thursday said it has signed a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Private Ltd.
The acquisition is subject to requisite regulatory approvals, said Airtel in a joint statement.
"The transaction will not trigger any impairment. As of fourth quarter 2016, the remaining value of tangible and intangible assets in Telenor India amounted to NOK 0.3 billion," the companies said.
According to the agreement, Airtel and Telenor India will merge and Airtel will take over Telenor India as soon as all necessary approvals are received.
"As part of the agreement, Airtel will take over outstanding spectrum payments and other operational contracts, including tower lease," the companies added.
Airtel will acquire Telenor India’s running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
"These circles represent a high population concentration and therefore offer a high potential for growth," thr statement said.
The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
Bharti Airtel India’s largest telecommunications services provider, on Thursday said it has signed a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Private Ltd.
The acquisition is subject to requisite regulatory approvals, said Airtel in a joint statement.
"The transaction will not trigger any impairment. As of fourth quarter 2016, the remaining value of tangible and intangible assets in Telenor India amounted to NOK 0.3 billion," the companies said.
According to the agreement, Airtel and Telenor India will merge and Airtel will take over Telenor India as soon as all necessary approvals are received.
"As part of the agreement, Airtel will take over outstanding spectrum payments and other operational contracts, including tower lease," the companies added.
Airtel will acquire Telenor India’s running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
"These circles represent a high population concentration and therefore offer a high potential for growth," thr statement said.
The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
Economics time
The acquisition is subject to requisite regulatory approvals, said Airtel in a joint statement.
"The transaction will not trigger any impairment. As of fourth quarter 2016, the remaining value of tangible and intangible assets in Telenor India amounted to NOK 0.3 billion," the companies said.
According to the agreement, Airtel and Telenor India will merge and Airtel will take over Telenor India as soon as all necessary approvals are received.
"As part of the agreement, Airtel will take over outstanding spectrum payments and other operational contracts, including tower lease," the companies added.
Airtel will acquire Telenor India’s running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
"These circles represent a high population concentration and therefore offer a high potential for growth," thr statement said.
The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
Bharti Airtel India’s largest telecommunications services provider, on Thursday said it has signed a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Private Ltd.
The acquisition is subject to requisite regulatory approvals, said Airtel in a joint statement.
"The transaction will not trigger any impairment. As of fourth quarter 2016, the remaining value of tangible and intangible assets in Telenor India amounted to NOK 0.3 billion," the companies said.
According to the agreement, Airtel and Telenor India will merge and Airtel will take over Telenor India as soon as all necessary approvals are received.
"As part of the agreement, Airtel will take over outstanding spectrum payments and other operational contracts, including tower lease," the companies added.
Airtel will acquire Telenor India’s running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
"These circles represent a high population concentration and therefore offer a high potential for growth," thr statement said.
The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
Economics time
