The Department of Telecommunications (DoT) has approved the merger of Tata Teleservices (TTSL) and Tata Tele Maharashtra (TTML) with Bharti Airtel, subject to the condition that the latter furnishes a bank guarantee of around Rs. 8,500 crore.
DoT clears merger of Tata Tele firms with Airtel, but wants acquirer to give Rs. 8,500-cr bank guarantee
April 15, 2019