DoT approves merger of Bharti Airtel and Telenor India

May 18, 2018

The Department of Telecom (DoT) today approved the merger of Telenor India with Bharti Airtel, according to an official source. “The DoT has approved merger of Telenor India with Bharti Airtel this morning,” the official source told PTI.
The Supreme Court last week rej ected DoT’s petition for security deposit of around Rs 1,700 crore from the companies and directed it to approve the merger. The guarantee included Rs 1,499 crore for one-time spectrum charge for the radiowaves allocated to Airtel without auction, and over Rs 200 crore for spectrum payment which Telenor has to make. Source

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