India's largest telecom service provider Bharti Airtel on Thursday announced that it has inked a definitive agreement to acquire Telenor India.
According to the telecom major, it has entered into a definitive agreement with Telenor South Asia Investments to acquire Telenor (India) Communications Private Limited. The acquisition is subject to requisite regulatory approvals.
However, the company did not divulge the cost of the acquisition.
The agreement entails that Airtel will acquire Telenor India's running operations in seven circles of Andhra Pradesh, Bihar, Maharashtra, Gujarat, Uttar Pradesh (East), Uttar Pradesh (West) and Assam, Bharti Airtel added.
Airtel said that it will ensure quality services to Telenor India's customers, while offering them the added benefits of its innovative product portfolio, access to superior voice and data services, mobile banking, VAS (value added services) and domestic/international roaming facilities.
Telenor India's operations and services would continue as normal until the completion of the transaction.
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