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Airtel in discussions to buy Telenor's Indian business
Bharti Airtel is eyeing a stake in Telenor's India business, reports The Economic Times . The deal, if it goes through, will mean Airtel will be taking on the Rs 1500 crore debt of the Norway-based company's Indian arm. Talking to the newspaper, a source said that the talks are quite advanced. "Airtel is just looking at taking over a part of Telenor India's debt while Telenor would need to take care of the balance loans." Telenor, which is keen on exiting India completely, failed to make much headway with Idea, say sources. They further add that Idea's offer of equity didn't find favour with Telenor. Telenor had earlier held discussions with various other telecom players in vain. Other suitors included Vodafone. Telenor is believed to have driven a hard bargain seeking USD 1 billion for its spectrum.
Read more at: Airtel in discussions to buy Telenor's Indian business - Moneycontrol.com
Bharti Airtel is eyeing a stake in Telenor's India business, reports The Economic Times . The deal, if it goes through, will mean Airtel will be taking on the Rs 1500 crore debt of the Norway-based company's Indian arm. Talking to the newspaper, a source said that the talks are quite advanced. "Airtel is just looking at taking over a part of Telenor India's debt while Telenor would need to take care of the balance loans." Telenor, which is keen on exiting India completely, failed to make much headway with Idea, say sources. They further add that Idea's offer of equity didn't find favour with Telenor. Telenor had earlier held discussions with various other telecom players in vain. Other suitors included Vodafone. Telenor is believed to have driven a hard bargain seeking USD 1 billion for its spectrum.
Read more at: Airtel in discussions to buy Telenor's Indian business - Moneycontrol.com