Merger a win-win deal for Bharti Airtel, Tata Tele

Prima facie, the deal will give a customer boost to Bharti Airtel and bring its overall market share closer to the merged Vodafone-Idea entity

Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) will combine their Consumer Mobile Businesses (Tata CMB) with Bharti Airtel. As per the agreement, Bharti Airtel would absorb Tata Tele’s operations across the country in 19 circles. Mayuresh Joshi, a fund manager with Angel Broking, analyses the finer points of the deal for Business Standard.

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On the face of it, one can call it a sweet deal for both the parties. N Chandra always wanted to get rid of the unviable mobile telephony business and that will allow him to concentrate the Tata Group’s capital in places where