CCI approves Bharti Airtel’s acquisition of TTSL’s consumer business

The Competition Commission of India has given its approval to Bharti Airtel’s acquisition of Tata Teleservices Limited’s (TTSL) consumer business. The two companies will now need approvals from the Securities and Exchange Board of India, the National Company Law Tribunal, shareholders and DoT to execute the deal. Meanwhile, Bharti Airtel has start absorbing TTSL’s customers to its network under intra-circle roaming arrangements. The first round of the transition is being initiated in Uttar Pradesh (West), Bihar and West Bengal.