Bharti-Tata deal on the cards


INDIAN telecom giant Bharti Airtel is to acquire rival Tata Teleservices’s struggling mobile business, the companies said last Thursday (12), the latest move towards consolidation in the country’s hyper-competi­tive phone market. In a joint statement the pair said Bharti would take on Tata’s 40 million subscribers, boost­ing its customer base, and add network coverage as it tries to fend off the rise of Reliance Jio, owned by India’s richest man. “This is a significant devel­opment towards further con­solidation in the Indian mobile industry,” Bharti Airtel chair­man Sunil Bharti Mittal said in the statement. “[It] reinforces our commit­ment to lead India’s…

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