How Tata Tele-Bharti Airtel deal was done in 5 days

The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business. A collapsed deal was brought back to life in the last five days, people close to the transaction said. 

The talks between the Tatas and Bharti had begun a few months ago but by the end of August the negotiations were not going anywhere. Sources in both companies indicated till the end of September that no deal was possible.  Meanwhile, there were talks with other groups as well including Reliance Jio for a possible merger deal. That too didn’t work.