Bharti Airtel to acquire Telenor India

February 23, 2017 09:36

Telecom operator Bharti Airtel Will acquire the business of Telenor India for an undisclosed sum in all seven circles where it holds spectrum.

Airtel today said it has "entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Private Limited."

In a separate statement, Telenor said that the transaction will not trigger any impairment. As of fourth quarter 2016, the remaining value of tangible and intangible assets in Telenor India amounted to NOK 0.3 billion. The transaction is expected to close within 12 months," Telenor said.

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