DoT has asked Airtel to reduce it market share based on adjusted gross revenue in Bihar service area to the limit of 50%, within one year from the date merger of two companies is approved. Photo: MintNew Delhi: The department of telecom (DoT) Monday approved the merger of Telenor India with Bharti Airtel, according to an official. “The DoT has approved merger of Telenor India with Bharti Airtel this morning,” the official said. The guarantee included Rs1,499 crore for one-time spectrum charge for the radiowaves allocated to Airtel without auction, and over Rs200 crore for spectrum payment which Telenor has to make. Telenor India runs operations in seven circles—Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

Source: Mint May 14, 2018 07:52 UTC