Tag: Bank guarantee

Tata Teleservices merger: DoT seeks Rs 7,200 crore bank guarantee from Airtel

NEW DELHI: The Department of Telecom (DoT) has given approval for the merger of Tata Teleservices (TTSL) with Bharti Airtel, subject to the condition that the Sunil Bharti Mittal-led firm furnishes Rs 7,200 crore worth bank guarantee, a government official said. On April 9, telecom minister Manoj Sinha gave a conditional nod for the merger, […]

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