Brokerage views on Bharti Airtel - Tata Tele deal

Analysts say the development is positive for both players as it not only provides an easy exit to Tata's from the loss making telecom venture, Bharti Airtel too will gain subscribers in the process

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Tata Teleservices

Puneet Wadhwa New Delhi

Last Updated : Oct 13 2017 | 12:19 PM IST

Bharti Airtel and Tata Tele gained up to 10% in morning trade on Friday, a day after Tata - owned company announced plans of merging its wireless mobile business with Sunil Mittal-controlled Bharti Airtel. The deal was annouced post market hours on Thursday.

Analysts say the development is positive for both players as it not only provides an easy exit to Tata's from the loss making telecom venture, Bharti Airtel too will gain subscribers in the process.

Also Read: Merger to give Airtel more subscribers, Tata Tele an easy exit: Analysts

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