Tata to merge CMB business with Bharti Airtel

Bharti Airtel and Tata have entered into an understanding (“Agreement”) to merge Consumer Mobile Businesses (CMB) of TTSL (Tata Teleservices Limited) and TTML (Tata Teleservices Maharashtra Limited) into Bharti Airtel. The acquisition is subject to requisite regulatory approvals. 

Speaking on the partnership, Sunil Bharti Mittal, Chairman, Bharti Airtel, said, “This is a significant development towards further consolidation in the Indian mobile industry and reinforces our commitment to lead India’s digital revolution by offering world-class and affordable telecom services through a robust technology and solid spectrum portfolio. On completion, the proposed acquisition will undergo seamless integration; both on the customer as well as the network side, and further strengthen our market position in several key circles. The customers of Tata will be able to enjoy India’s widest and fastest voice & data network, and bouquet of Airtel’s best-in-class products and services.”...Read More

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