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India's Bharti Airtel to acquire Tata's consumer mobile business
October 12, 2017 / 10:46 AM / 5 days ago

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

MUMBAI, Oct 12 (Reuters) - India’s top telecommunications carrier Bharti Airtel will acquire the consumer mobile business of Tata Teleservices and Tata Teleservices (Maharashtra) Ltd, 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)

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