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The Department of Telecom (DoT) has given approval, to the merger of Telenor India with Bharti Airtel.
The Supreme Court had rejected DoT’s petition for security deposit of approx Rs.1,700 crore from the companies and directed it to approve the merger. The merger will support Airtel’s spectrum footprint in seven telecom circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
Furthermore, DoT has demanded Airtel to reduce it market share based on adjusted gross revenue (money earned from telecom services) in Bihar service area to the limit of 50%, within one year from the date of approval of merger.
