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tata docomo and airtel merge

Discussion in 'General Telecom Discussion' started by dinee, Oct 12, 2017.

  1. dinee

    Verified Member

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    Bharti Airtel and Tata today announced that they have entered into an agreement to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) into Bharti Airtel...

    Tata to merge consumer mobile business with Airtel
     
  2. THAKUR

    THAKUR Moderator
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    Tata Group's Telecom Segment Tata Teleservices has announced to merge its Consumer Telecom business with Bharti Airtel. After this acquisition, 40 lakh Tata Docomo users will be switched to Airtel.

    Recently, it was reported that the Tata Group has been officially informed about the preparation of closure of its telecom business and the government (DoT) for this.

    Under the Tata Teleservices and Bharti Airtel agreement, Bharti Airtel will acquire business operations of Tata Teleservices. Tata Group's telecom business is in 19 circles and all of them will be Airtel.

    According to the company, this acquisition has been sent for regulatoryapproval at the moment , only after this it will be valid. According to the report of ET, Bharti has given green signal to this transaction on Thursday.

    Under this merger, all the Tata Assets and all the customers of the CMB will be Bharti Airtel. Apart from this, Bharti Airtel will also benefit from spectrum and now the company has 178.5 MHz spectrum.

    According to the report, this merger will be debt free cash free. However, Bharti Airtel may have to pay a small part of the amount of the spectrum taken by Tata Teleservices to the DoT.

    According to the agreement, Bharti Airtel will have to ensure that Tata's customers will get the best quality service. Apart from this, they will get extra service including voice and data.

    Tata Sons Chairman N Chandrasekharan has said, "We are sure this agreement is the best option for the Tata Group and the company's share holders. It has been our priority to find a good home for our customers and staff for a long time. We looked at several options and we are happy that we are now negotiating with Bharti.

    Bharti Airtel chairman Sunil Mittal has said in the joint statement that it is important development in terms of providing world class service under the Indian mobile industry and digital revolution.



    [https://m]

    Diw

    tata teleservices announces telecom business merger with bharti airtel ttec
     
    #2 THAKUR, Oct 12, 2017
    Last edited: Oct 12, 2017
  3. scorpionking76

    scorpionking76 Moderator
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    Aah, finally Docomo customers will be shifting to Airtel. What about Tatasky?
     
  4. Devesh

    Devesh Global Moderator
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    Will numbers will automatically shift to airtel network or we will have to port our number into airtel ?
     
  5. Technoglitch

    Technoglitch Administrator
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    only the network changes, the rest remains same
     
  6. Technoglitch

    Technoglitch Administrator
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    The Tata group is also in initial stages of exploring combination of its enterprise business with Tata Communications and its retail fixed line and broadband business with Tata Sky. Any such transaction will be subject to respective boards and other requisite approvals.
    Bharti Airtel To Acquire Tata's Mobile Business For 'Free': 10 Points
     
  7. Technoglitch

    Technoglitch Administrator
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    The merger will be carried out on a debt-free, cash-free basis. "We believe today's agreement is the best and most optimal solution for the Tata Group and its stakeholders. Finding the right home for our longstanding customers and our employees has been the priority for us. We have evaluated multiple options and are pleased to have this agreement with Bharti," said Tata Sons chairman, N Chandrasekaran.

    Experts concluded that this could herald a “larger strategic alliance” between the two companies, involving telecom, overseas cable and enterprise services, and direct-to-home TV businesses, reported the Economic Times.

    Tata Teleservices to merge with Bharti Airtel on 'cash-free, debt-free' basis
     
  8. Otaku

    Otaku DFI Ambassador
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    So 3 airtel Sims now at my home
     
    • Funny Funny x 1
  9. scorpionking76

    scorpionking76 Moderator
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    :1:
     
  10. D Major

    D Major Global Moderator
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    So now I have 4 Airtel no. & what about cdma ?
     

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