After Telenor ASA decided to hand over its India mobile business to Bharti Airtel Ltd for free, the Tata group has done the same. In the June quarter, revenues of these companies together stood at Rs3, 202 crore or nearly $2 billion on an annualized basis. Sure, since Tata’s non-mobile businesses, such as broadband, are being retained, the actual revenue that could potentially accrue to Airtel could be lower.
Still, even using conservative estimates, the Tatas are transferring at least a $1 billion business to Airtel for free. Telenor’s annualized revenues stood at $606 million in the June quarter. Tatas are transferring at least a $1 billion business to Airtel for free. Telenor’s annualized revenues stood at $606 million in the June quarter.
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