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Updated: Why Telenor Might Want To Merge With TTSL; Overlapping Licenses?

Update: Tata Teleservices (Maharashtra) has clarified to the BSE on the news report, stating that the report relates to its promoter company Tata Teleservices and it is currently not aware of of any such discussions as mentioned in the report. It said: "With reference to the news item appearing in a leading financial daily titled "Telenor quiet on talk of Merger with Tata Tele", Tata Teleservices (Maharashtra) Ltd has clarified to BSE that the report relates to Tata Teleservices Limited, which is the Promoter of the Company and the Company is not aware of discussions as mentioned in the press reports." Earlier (Nov 29): Norway based telecom operator, Telenor, is in talks with Tata Teleservices to combine its operations in India, according to a report by Bloomberg. The report cites three people with direct knowledge of the matter as source, and…

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