After the news of the Vodafone-Idea merger talks came out, Bharti Airtel has gone ahead and signed an agreement with Telenor South Asia Investments to acquire Telenor India..All this recent consolidation in the telecom industry is the result of the threat these telecom companies are facing from the aggressive entry of Mukesh Ambani’s Reliance Jio..The cost of Telenor’s acquisition is still under finalisation. However, according to CNBC-TV18, the deal’s value could be pegged roughly at Rs. 6,800-7,000 crore, inclusive of Telenor India’s debt of Rs 1,500 crore..AZB & Partners is the sole counsel for Bharti Airtel and Telenor on this deal..Bharti Airtel is being advised by Partners Gautam Saha and Sachin Mehta, along with Senior Associate Nikhil Bahl. The due diligence team included Swati Chauhan, Vinit Nalavadi, Devanshu Sajlan, Pragya Sood, Avantika Gupta and Aditi Aggarwal. .AZB Partner Vinati Kastia along with Senior Associate Ankit Tandon are acting for Telenor.
After the news of the Vodafone-Idea merger talks came out, Bharti Airtel has gone ahead and signed an agreement with Telenor South Asia Investments to acquire Telenor India..All this recent consolidation in the telecom industry is the result of the threat these telecom companies are facing from the aggressive entry of Mukesh Ambani’s Reliance Jio..The cost of Telenor’s acquisition is still under finalisation. However, according to CNBC-TV18, the deal’s value could be pegged roughly at Rs. 6,800-7,000 crore, inclusive of Telenor India’s debt of Rs 1,500 crore..AZB & Partners is the sole counsel for Bharti Airtel and Telenor on this deal..Bharti Airtel is being advised by Partners Gautam Saha and Sachin Mehta, along with Senior Associate Nikhil Bahl. The due diligence team included Swati Chauhan, Vinit Nalavadi, Devanshu Sajlan, Pragya Sood, Avantika Gupta and Aditi Aggarwal. .AZB Partner Vinati Kastia along with Senior Associate Ankit Tandon are acting for Telenor.
