Merger to give Airtel more subscribers, Tata Tele an easy exit: Analysts

By running the show, Tata Teleservices would have continued to bleed on the financial front. The deal will ensure further losses are arrested, they say

Analysts have given a thumbs-up to the Tata Teleservices – Bharti Airtel deal, as they feel the move provides an exit route to the already bleeding Tata-owned company. As on March 31, 2017, the combined debt of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) stood at Rs 34,089 crore, excluding deferred payment liabilities to the government for spectrum, according to a CRISIL report.

“The development is positive – both for Bharti Airtel and Tata Teleservices. By running the show, Tata Teleservices would have continued to bleed on the