Airtel has told the Department of Telecom (DoT) that Jio's allegations against it did not demonstrate any evidence that Bharti had any hand in the ongoing issues that the company is facing, and that the complaint should be dismissed
Bharti Infratel shares rose as much as 39.82 per cent over the last one month and 16.62 per cent since the begging of this month
The company has initiated due process for final approval from stock exchanges for updating the name change
Following the updates, Vodafone Idea stock opened at Rs 9.60 and touched an intraday high of Rs 10.13, rising 9.2% against the previous close of Rs 9.27 on BSE. Stock price of Vodafone Idea also hit a low of Rs 9.50 intraday
Aggregate shareholding of Bharti Infratel in combined entity will change from 53.51 per cent to 36.73 per cent; Vodafone Group's shareholding will change to 28.12 per cent
Sanyal's reaction came after the former Reserve Bank of India Governor Raghuram Rajan recently cautioned against import substitution by erecting tariffs under the 'Aatmanirbhar Bharat' initiative
On Bharti Infratel-Indus Tower merger, the company said that National Company Law Tribunal (NCLT) has given its approval to the deal which is likely to be closed within 30 days
New entity will become largest tower company in world outside China, with a pan-India tower company comprising 163,000 towers across 22 telecom service areas
DoT policies soon to improve broadband connectivity
DoT is considering TRAI's recommendations regarding infrastructure providers (IP-1) to provide both passive and active infrastructure without the need for a licence
Share price of Bharti Infratel fell 3.44% to Rs 187.55 against previous close of Rs 194.55 on BSE.