Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) Tuesday announced they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country. HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems.
— The Economic Times

Post the scheme of arrangement becoming effective, Hughes Communications India Limited and HCIL Comtel (or their affiliates) will have majority ownership and Bharti Airtel Limited will have a significant shareholding in the resulting combined entity.

AZB & Partners advised Bharti Airtel Limited and Bharti Airtel Services Limited led by a team of partners Vinati Kastia, Abhishek Shinde and Bharat Apte, and senior associate Harsh Kabra and associate Shantanu Tiwari.

2019-05-07

Deal value: INR 997.5 Million / USD 14.1 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.