AZB Delhi nabs both sides of $1bn+ Airtel, Telenor takeover

Thursday, 23 February 2017 By Legally India Corporate M&A

Bharti Airtel is buying the Indian telecoms assets of Norwegian telecoms major Telenor in a deal that’s estimated at Rs 6,800 to Rs 7,000 crore, including debts of Rs 1,500 crore, according to Moneycontrol.

AZB & Partners Delhi acted for Bharti Airtel, of course, which seems to have not used any other firm for its M&A in years. AZB partner Gautam Saha, with partner Sachin Mehta and senior associate Nikhil Bahl led the Airtel team.

AZB & Partners Delhi partner Vinati Kastia and senior associate Ankit Tandon, operating behind a Chinese wall agreed to between the parties, acted for Telenor, which has also been a close client of AZB’s for a few years.

AZB Delhi managing partner Ajay Bahl also assisted on the deal.

Bharti Airtel has been one of AZB Delhi’s most valuable and most active M&A clients for a long time, having given it such choice M&A mandates as its $10.7bn purchase of Kuwaiti Zain’s African assets in 2010, and the more recent 2014 sale of some of its Africa-based towers to Helios Towers for $1bn.

AZB & Partners

Comments

Oreo 23 Feb 2017, 09:07
+2 -0
Azb has an equally strong presence in Delhi and Bombay. So much for drivel marketing. Azb Delhi looks pretty much like a separate firm here;)
Hubba 23 Feb 2017, 10:12
+12 -0
How did the managing partner assist on the deal? Was he airtel? Was he telenor? Was he both? Was he neither? Was he the Chinese wall?
Dang 23 Feb 2017, 10:36
+31 -0
He was the Chinese 'Bahl'.
kianganz 23 Feb 2017, 10:44
+2 -0
That's a horrible pun, well done, you win the thread! :)
Dang 23 Feb 2017, 15:42
+0 -0
A batchmate in law school once refused to acknowledge me for two days after being the victim of a horrible pun. :)
Tag along 23 Feb 2017, 14:15
+1 -0
Which firms are acting on the Vodafone Idea merger.Have any law firms been appointed?
Scoop 25 Feb 2017, 05:53
+0 -0
S&R for vodafone
Commenting is closed for this article.