Update: Airtel refused to comment on the speculations in a reply (pdf) to the BSE stating that "as a matter of policy, (the company) does not wish to comment on the present speculative news item and will make necessary disclosures at an appropriate time." India’s largest telecom operator Bharti Airtel is in talks with Swedish telecom operator Telenor to acquire the latter’s India business unit for $350 million, reports ET Now. Airtel could acquire half of Telenor India's liabilities, while Telenor is expected to hold the remaining half. The deal is likely to be closed by end of January, added the report. Bharti Airtel declined to comment on MediaNama’s written queries, while Telenor said that “as a general principle, we do not comment on rumors or speculations in the market”. During Q3 2016, Telenor India’s subscriber base dropped to 44.772 million from 44.907 million subscribers in the preceding quarter, losing at least 185,000 subscribers. At that time, the company mentioned that it was evaluating options in India. It currently has operations in UP (West), UP (East), Bihar, Andhra Pradesh, Telangana, Maharashtra and Gujarat circles. The telco had said that its long-term presence in India is subjected to its ability to secure additional spectrum, as indicated by this report in April. Telenor did not participate in the 2016 spectrum auctions stating that the reserve prices did not give “an acceptable level of return.” In May the company criticized the telecom commission’s approval of base price for the crucial 700 MHz spectrum, and its decision to hike upfront payments to 50% from the earlier 10% proposed by the TRAI…
- Jade Lyngdoh on Content Moderation in Non-English Languages | Meta India Tech Scholars 2021-22 February 1, 2023
- Why is a global approach to crypto regulation needed, according to India’s Economic Survey? February 1, 2023
- Budget 2023: Top Tech Policy Takeaways from Nirmala Sitharaman’s Speech February 1, 2023
- Everything You Need to Know About the India-US Critical and Emerging Technology Initiative February 1, 2023
- RS Sharma, key person for Aadhaar and Co-WIN projects, steps down as Chief of National Health Authority of India February 1, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...