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Approval for the Bharti Airtel-Telenor deal would happen soon, even 'much before a month's time', Aruna Sundararajan, Secretary, Department of Telecom (DoT), told presspersons on the sidelines of an event here.
The Supreme Court on Wednesday had quashed the DoT's bid to make Bharti Airtel furnish a bank guarantee of Rs 1,499 crore as a pre-condition to approving the mobile phone operator’s buyout of Telenor India, paving the way for the deal to go through.
When asked if the approval can happen in a month or so, she said, "Bharti and Telenor will be much faster than that...very shortly...the normal processing time and it will be done."
When asked about the Vodafone and Idea deal, she said "We have to look at each case separately." Sundararajan was speaking on the sidelines of the CII Broadband Summit – 2018 ‘Future - Ready Broadband for all in India’.
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