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Bharti Airtel, Telenor (India) merger wins CCI clearance

( June 7, 2017, 05:04 GMT | Insight) -- The Competition Commission of India has approved Bharti Airtel's proposed merger with Telenor (India) Communications, the Economic Times reports, citing Telenor filings to the Bombay Stock Exchange and the National Stock Exchange. The Competition Commission of India has approved Bharti Airtel's proposed merger with Telenor (India) Communications, the Economic Times reports, citing Telenor filings to the Bombay Stock Exchange and the National Stock Exchange. Under the deal, Airtel will acquire seven telecom circles from Telenor, contributing some 35 percent to Airtel's total revenue. Airtel will also assume Telenor's remaining spectrum payments, totaling some 16.5 billion rupees ($256.3 million). The deal will boost Airtel's 4G spectrum holdings and its revenue market share, enabling it to compete more aggressively against relative newcomer Reliance Jio Infocomm....

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