India's Bharti Airtel to acquire Tata's consumer mobile business

Tata Teleservices (Maharashtra)

12/10/2017 11:32

MUMBAI, Oct 12 (Reuters) - India's top telecommunications 
carrier Bharti Airtel  BRTI.NS  will acquire the consumer mobile 
business of Tata Teleservices and Tata Teleservices 
(Maharashtra) Ltd  TTML.NS , the companies said on Thursday. 
    The transaction will be on a "debt-free cash-free" basis, 
the companies said in a joint statement.  
    Bharti Airtel will take over a "small portion" of Tata's 
unpaid spectrum liabilities, the statement said. 
 
 (Reporting by Devidutta Tripathy; Editing by Euan Rocha) 
 ((devidutta.tripathy@thomsonreuters.com; +91 84518 40430; 
Reuters Messaging: 
devidutta.tripathy.thomsonreuters.com@reuters.net)) 
 
Keywords: TATA TELESERV M&A/BHARTI AIRTEL