New Delhi: Bharti Airtel is buying Norwegian Telenor`s India unit driven by upstart rival Jio`s disruptive pricing. The deal involves many strategic angles.
Here are the key things one should know:
1) Bharti will not pay any cash under the deal but will instead take on the Telenor unit`s commitments to pay for licences and phone towers.
2)The acquisition, which also includes Telenor`s India employees and its 44 million customers, will not lead to any impairment charges for Telenor.
3)Telenor will give Bharti Airtel an additional 43.4 MHz spectrum in the 1800 MHz band.
Also Read: Bharti Airtel to acquire Telenor India as rival Jio spurs consolidation
4)With Telenor's operations, Airtel will get hold over most densely populated regions in India. Telenor has operations in seven circles: Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
5)Bharti Airtel's decision to buy Telenor's India operations is the third consolidation this year after Vodafone-Idea and Reliance Communications-Aircel-Tata teleservices talks for a merger.
