Bharti Airtel to acquire Telenor's India operations
Sunil Bharti Mittal-led India's largest telecom operator, Bharti Airtel on Thursday announced it is buying Norwegian telecom company Telenor's India operations. In a transaction expected to close in a year, Telenor India's spectrum, licenses, operations, including its employees, will become a part of Airtel. This comes amid a potential Vodafone-Idea merger and competition from Reliance Jio.