Telecom tribunal grants partial stay on Rs 8,300 cr DoT demand from Bharti Airtel for Tata Teleservices merger

The Firstpost  May 03, 2019
Telecom tribunal TDSAT on Thursday granted partial stay on Rs 8,300 crore demand raised by the telecom department from Bharti Airtel for approving its merger with Tata Teleservices.
The TDSAT has directed "the concerned authorities of the Union of India to take the merger of two companies and licence on record", subject to stay on one-time spectrum charges (OTSC) demand of around Rs 7,000 crore.
The merger will bolster Airtel's spectrum pool with significant additional 178.5 MHz spectrum in 1800, 2100 and 850 MHz bands, widely used for 4G.
The proposed merger will include transfer of all the customers and assets of Tata CMB to Airtel.
The matter will come up for the next hearing on July 18, 2019.
Reference:

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