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Airtel May Take Over Telenor India

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Bharti Airtel, India’s leading telecom service provider is in talks with Norway-based Telenor for buying its India business for $350 million. Bharti Airtel is likely to take over half Telenor India’s liabilities, while the latter is expected to bear remaining half of its India liabilities.

The company has about 53 million subscribers in India, according to COAI. The GSM telco offers low-cost voice and data services to its customers in circles where it operates. It has launched 4G services in 27 towns across these six circles and is now planning to expand its narrowband-LTE based high-speed internet services in 10 more towns in coming weeks. Read more

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Sweekar S

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