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DoT approves merger of Bharti Airtel and Telenor India

Press Trust of India  |  New Delhi 

The (DoT) today approved the merger of India with Bharti Airtel, according to an official source.

"The DoT has approved merger of India with this morning," the official source told

The last week rejected DoT's petition for security deposit of around Rs 1,700 crore from the companies and directed it to approve the merger.

The guarantee included Rs 1,499 crore for one-time spectrum charge for the radiowaves allocated to Airtel without auction, and over Rs 200 crore for spectrum payment which has to make.

The merger will bolster Airtel's spectrum footprint in seven telecom circles, with the addition of 43.4 spectrum in the 1800 band.

runs operations in seven circles -- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and

DoT has asked Airtel to reduce it market share based on adjusted gross revenue (money earned from telecom services) in service area to the limit of 50 per cent, within one year from the date merger of two companies is approved.

Law Tribunal (NCLT) had approved the proposed merger on March 8.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 13:15 IST