Key highlights of Tata Tele-Airtel merger deal

Over 40 million Tata customers to join Bharti Airtel

Tata on Thursday entered into a deal to merge consumer mobile businesses of Tata Teleservices and Tata Teleservices Maharashtra Limited with Bharti Airtel. The proposed merger will include the transfer of all the customers and assets of Tata Consumer Mobile Businesses (CMB) to Bharti Airtel.

“This is a significant development towards further consolidation in the Indian mobile industry and reinforces our commitment to lead India’s digital revolution by offering world-class and affordable telecom services through a robust technology and solid spectrum portfolio," Bharti Airtel chairman Sunil Bharti Mittal said.