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NCLT gives green signal to Bharti Airtel and Tikona Digital Networks merger

July 11, 2018

The National Company Law Tribunal has given a green signal to the merger of Tikona Digital Networks (now Bharti Digital Networks) with Bharti Airtel. Further, the NCLT stated that all the rights, powers, duties and liabilities shall be passed on to Bharti Airtel.

This acquisition by Airtel gives it access to the former’s 4G spectrum in five circles Gujarat, UP (East), UP (West), Himachal Pradesh and Rajasthan. Additionally, this deal would bolster its high-speed broadband spectrum holdings for taking on Reliance Jio Infocomm (RJIL) and Vodafone-Idea

This merger now needs an approval from the Department of Telecommunications (DoT).

 
 

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