Tatas pay government for tele business merger with Airtel

NEW DELHI: Tatas have paid Rs 3,100 crore to the telecom department towards spectrum payment liabilities in line with their deal to sell ailing telecom business to Bharti Airtel.

Airtel and the loss-making Tata Teleservices (TTSL) had announced their deal in September 2017, as part of which the former took over the consumer mobility business of the Tatas in 19 telecom circles. “The payment of Rs 3,100 crore was received recently, and this covers most of the liabilities towards the spectrum payments of TTSL,” a source said.