The "debt-free (and) cash-free" deal with Tata Teleservices will boost Bharti Airtel's subscriber base by over 40 million, and increase its airwaves in India.
Shares in Bharti Airtel, India's top telecoms network operator, rose as much as 7.5 percent in early trade on Friday, a day after it announced the acquisition of the Tata conglomerate's consumer mobile business almost free of charge. The "debt-free (and) cash-free" deal with Tata Teleservices will boost Bharti Airtel's subscriber base by over 40 million, and increase its airwaves in India. Bharti shares were up 5.5 percent at 0345 GMT, outpacing a 0.35 percent gain in the NSE index. Shares in Tata Teleservices (Maharashtra) Ltd, a unit of Tata Teleservices, rose 9.1 percent.
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