After signing agreements back in 2017, Airtel and Teleservices today announced that customers, assets, spectrum and agreed liabilities of the Consumer Mobile Businesses of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) have been merged with Airtel. This comes after Telecom Disputes Settlement and Appellate Tribunal’s (TDSAT) order directing the DoT to take the merger on record and approval of the schemes of arrangement by National Company Law Tribunal (NCLT), Delhi and Mumbai, effective today i.e. 1st July 2019. As Airtel already announced, this will further bolster its strong spectrum foot-print with the addition of 178.5 MHz spectrum (of which 71.3 MHz is liberalised) in the 850, 1800 & 2100 MHz bands. This also provides Bharti Airtel with an indefeasible right to use (IRU) for part of the existing fibre network of Tata.
Monday, 1 July 2019
Airtel, Tata Teleservices consumer mobile business merger complete
After signing agreements back in 2017, Airtel and Teleservices today announced that customers, assets, spectrum and agreed liabilities of the Consumer Mobile Businesses of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) have been merged with Airtel. This comes after Telecom Disputes Settlement and Appellate Tribunal’s (TDSAT) order directing the DoT to take the merger on record and approval of the schemes of arrangement by National Company Law Tribunal (NCLT), Delhi and Mumbai, effective today i.e. 1st July 2019. As Airtel already announced, this will further bolster its strong spectrum foot-print with the addition of 178.5 MHz spectrum (of which 71.3 MHz is liberalised) in the 850, 1800 & 2100 MHz bands. This also provides Bharti Airtel with an indefeasible right to use (IRU) for part of the existing fibre network of Tata.
