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AZB acts for Bharti Airtel on $14m HCIL merger of VSAT operations

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.

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