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TDSAT has asked DoT to clear Airtel-Telenor merger without BG: Bharti

Press Trust of India  |  New Delhi 

Telecom tribunal TDSAT has asked DoT to grant approval to Airtel-merger without any bank guarantee, according to a Bharti

The on April 3 had asked to submit of around Rs 1,700 crore before approving its merger with

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.

"Regarding the demand for bank guarantee, on Airtel's petition, TDSAT has yesterday directed the DoT to take the merger on record without the need to furnish a We hope to get the final approval from the DoT soon," Bharti said.

DoT has also sought undertaking from Airtel that the company will be liable to any pending dues with respect to merger of the two companies and all demands which may be raised by any wing of the department for Telenor

"A letter of compliance has already been submitted to the DoT on all the mentioned points," Bharti said.

The merger will bolster Airtel's spectrum footprint in these seven circles, with the addition of 43.4 spectrum in the 1800 band. Telenor 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 of with on March 8.

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

First Published: Thu, April 12 2018. 16:55 IST
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