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Eye on Jio, Airtel gobbles up Telenor for free
Rediff.com

Eye on Jio, Airtel gobbles up Telenor for free

Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt. In what will lead to yet another multinational exit in the telecom space, Bharti Airtel on Thursday announced the acquisition of Telenor India. It’s a no-cash deal, which will see Norway’s telco packing up and leaving the country, as business had become unsustainable.  While the companies refused to speak on the size of the deal, sources in the know pegged Bharti’s cost of ... Rediff.com, 1 month ago
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