MUMBAI: The consumer mobile business of Tata Teleservices has officially become part of the telecom major Bhartil Airtel and this has become effective from July 1, 2019, according to a joint statement issued by the two companies on Monday.
Telecom tribunal TDSAT had ordered the Department of Telecom (DoT) to take on record the merger and approval of the schemes of arrangement by Delhi and Mumbai bench of National Company Law Tribunal (NCLT).
"Consequently, all customers, assets, spectrum and agreed liabilities of the Consumer Mobile Businesses (CMB) of TTSL and TTML now stand merged with Airtel," the statement said.
As part of the merger, Airtel will absorb Tata Teleservices' CMB operations in 19 telecom circles -- 17 under TTSL and 2 under Tata Teleservices (Maharashtra). It also agreed to take over a small portion of the unpaid spectrum liability of Tata Teleservices.
The merger is expected to give a fillip to the Airtel's spectrum pool with significant additional 178.5 MHz spectrum in 1800, 2100 and 850 MHz bands, widely used for 4G.
The merger includes transfer of all the customers and assets of Tata Teleservices CMB to Airtel.Advertisement
