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Bharti Airtel gets Telenor for free of cost

Bharti Airtel gets Telenor for free of cost

Friday, February 24, 2017, 3:51 PM

Bharti Airtel announced acquisition of Telenor India. It’s a no-cash deal. Telenor will be leaving the country, as business had become unsustainable. Sources in the know said Bharti’s cost of acquisition could be Rs 1,600 crores. This money will be used for paying the outstanding amount for the spectrum that Telenor has acquired. Airtel will take over Telenor’s contracts for tower lease and infrastructure.
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