Aitel - TTSL Merger by Radhika Chaddha https://padlet.com/radhikachaddha21/9c64sm48g7pzajea en-us 2020-08-05 09:05:35 UTC 2023-04-06 08:20:40 UTC hello@padlet.com Introduction radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977838 The deal was a merger where Airtel had absorbed Tata Teleservices' CMB operations in 19 telecom circles - 17 under TTSL and 2 under Tata Teleservices (Maharashtra) Ltd. It also agreed to take over a small portion of the unpaid spectrum liability of Tata Teleservices.]]> 2020-08-05 09:18:06 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977838 Type radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977891 Merger]]> 2020-08-05 09:18:16 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977891 Acquirer firm- Target firm radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977948 Airtel - Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited]]> 2020-08-05 09:18:26 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977948 Industry radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977982 Telecommunications]]> 2020-08-05 09:18:33 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669977982 Deal Value radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669978034 Airtel gave 970,668 equity shares, fully paid up of face value of Rs 5 per share of the company to the eligible equity shareholders of TTML in the ratio of 1 equity share of the company for every 2,014 equity shares held in TTML by eligible equity shareholders of TTML.

The Tata Group paid lenders and the government about Rs 50,000 crore ($7.3 billion) to help complete the deal. ]]> 2020-08-05 09:18:42 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669978034 Strategic Rationale for Deal radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669978225 - The TTSL-Airtel merger will bolster the latter's spectrum pool with significant additional 178.5 MHz spectrum in 1800, 2100 and 850 MHz bands, all widely used for 4G.
-The deal also helped Airtel to increase its subscriber base.
-For Tata Group the reason was to shed its loss-making wireless telephone business which was a drag on group’s financials for several years
]]> 2020-08-05 09:19:17 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669978225 Airtel Stock Movement radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669978420 The Airtel stock closed 0.5% higher at Rs 348.50, TTML gained 2.7% to end at Rs 3.79.]]> 2020-08-05 09:19:51 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669978420 Type of Deal radhikachaddha21 https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669982139 Horizontal Merger

]]> 2020-08-05 09:29:03 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669982139 Theory n23365igcc https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669986599 Industry Shocks theory is applicable to this merger and every other deal that happened during this merger wave in the telecom industry. The trigger for the wave entry of jio caused a Technological disruption, by providing cheap data. The resulting tarrif war priced out many players with small market shares. ]]> 2020-08-05 09:42:32 UTC https://padlet.com/radhikachaddha21/9c64sm48g7pzajea/wish/669986599