Bharti Airtel and Tata Teleservices have confirmed that their merger has been conpleted.
In a statement, Bharti Airtel ahs said that the merger of the Consumer Mobile Businesses of Tata Teleservices Limited (TTSL) and Tata Teleservices (Maharashtra) Limited (TTML) into Bharti Airtel Limited and Bharti Hexacom Limited (Airtel).
Following the Hon’ble TDSAT’s order directing the DOT to take the merger on record and approval of the schemes of arrangement by Hon’ble NCLT, Delhi and Hon’ble NCLT, Mumbai, we are pleased to announce that the schemes of arrangement have become effective today i.e. 1st July 2019.
Consequently, all customers, assets, spectrum and agreed liabilities of the Consumer Mobile Businesses of TTSL and TTML now stand merged with Airtel.
Bharti Airtel Limited is a leading global telecommunications company with operations in 18 countries across Asia and Africa.
Headquartered in New Delhi, India, the company ranks amongst the top 3 mobile service providers globally in terms of subscribers. In India, the company’s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, enterprise services including national & international long-distance services to carriers. In the rest of the geographies, it offers 2G, 3G and 4G wireless services and mobile commerce.
Bharti Airtel had over 403 million customers across its operations at the end of March 2019.
Tata Teleservices (TTL) is a growing market enabler in the Enterprise space and offers a comprehensive portfolio of Voice, Data and Managed services to small, medium and large Enterprises.
TTL has an extensive high capacity wireline network that allows it to offer its products and services in more than 60 cities across India with a team of 1,300 + professionals and 1,100 channel partners.
TTL has one of the largest Enterprise focused teams, which through its physical reach, deep customer engagement and technology orientation offers a differentiating service experience to its customers.
TelecomDrive is an effort to create a unique content focused platform for the telecoms and communications segment.