Airtel and Telenor receive NCLT nod for proposed merger

NEW DELHI: The proposed merger between Bharti Airtel and Telenor India has been approved by the National Company Law Tribunal (NCLT), according to a report by Business Standard. The companies have been instructed by tribunal to hold a meeting of equity shareholders and unsecured creditors.

Bharti Airtel in June received nod from the Competition Commission of India (CCI), Securities & Exchange Board of India (Sebi), BSE and the National Stock Exchange of India.

The acquisition is slated to bolster Airtel’s 4G spectrum holdings and revenue market share, strengthening its hand in the battle against Reliance Jio Infocomm. Airtel will pocket 43.4 units of 4G spectrum in 1800 MHz band once the Telenor deal is concluded.


The acquisition is slated to bolster Airtel’s 4G spectrum holdings and revenue market share, strengthening its hand in the battle against Reliance Jio Infocomm. Airtel will pocket 43.4 units of 4G spectrum in 1800 MHz band once the Telenor deal is concluded.

Airtel will also take over Telenor India’s outstanding spectrum payments of some Rs1,650 crore and other operational contracts, including tower leases with Bharti Infratel and Indus Towers, besides employees and 44 million customers.

The merger is subject to other statutory approvals.