Post

India's Airtel Set to Become Leader in Telecom Market Share

India's Airtel Set to Become Leader in Telecom Market Share

Bharti Airtel will acquire Tata Group‘s loss-making mobile telephony business, boosting its spectrum holding and raising subscriber base while saving the Tatas from the prospect of having to shut down the struggling unit. Tata will retain the non-mobile businesses, such as broadband.

“Instead of closing down the consumer mobile business, which would have entailed a much higher cost and involved letting go of employees and vendors etc, we have chosen this route,” Tata Group chief financial officer Saurabh Agrawal said.

Airtel logo

This is Airtel’s 7th acquisition in five years, and starting November 1 the company will take over 4o million (4 crore ) customers of Tata Teleservices Ltd and Tata Teleservices Maharashtra Ltd in 19 telecom circles or zones on “a debt-free cash-free basis.” These 19 circles “represent the bulk of India’s population and customer base,” reports News18.

Airtel may end up as a clear market leader in terms of revenue market share, even though currently, Vodafone-Idea is ahead by a sizeable margin.

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries