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Bharti Airtel to acquire Tata’s consumer mobile business 'virtually for free'

( October 13, 2017, 06:56 GMT | Insight) -- India's largest telco, Bharti Airtel, is acquiring Tata Sons' consumer mobile business "virtually for free" as Tata moves to exit the business, Live Mint reports. India's largest telco, Bharti Airtel, is acquiring Tata Sons' consumer mobile business "virtually for free" as Tata moves to exit the business, Live Mint reports. Bharti Airtel will assume 20 billion rupees ($306.4 million) of the 100 billion rupees in spectrum fees that Tata still owes the Department of Telecommunications, but will otherwise be acquiring the mobile operations on a debt-free, cash-free basis. The transaction comes as India's telecoms sector undergoes major consolidation, including an anticipated merger between Vodafone India and Idea Cellular that would create an even bigger telco than Bharti Airtel....

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