Friday, 24 February 2017

Indian Stock Market Tips; Bharti Airtel To Buy Out Telenor India

India's largest telecom service provider Bharti Airtel on Thursday announced that it has inked a definitive agreement to acquire Telenor India. According to the telecom major, it has entered into a definitive agreement with Telenor South Asia Investments to acquire Telenor (India) Communications Private Limited. The acquisition is subject to requisite regulatory approvals. However, the company did not divulge the cost of the acquisition. The agreement entails that Airtel will acquire Telenor India's running operations in seven circles of Andhra Pradesh, Bihar, Maharashtra, Gujarat, Uttar Pradesh (East), Uttar Pradesh (West) and Assam, Bharti Airtel added.

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