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Asia300

India's Bharti Airtel to buy Telenor's local business

Norwegian telecom's farewell underscores battle of attrition

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Airtel, India's largest wireless telecommunications provider, announced a deal Thursday to acquire all of Telnor's subscribers and assets in the country.   © Reuters

NEW DELHI/BANGKOK -- Bharti Airtel, India's largest telecom operator, on Thursday announced it has reached an agreement to buy the Indian operations of Norway's Telenor, a move that will bolster Airtel's position in the face of stiff competition from Reliance Industries' newly launched wireless venture.

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