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India's Bharti Airtel snaps up Telenor's local unit

Norwegian telecom's farewell underscores tough conditions in crowded market

Bharti Airtel is the No. 1 player in India, with a market share of 26.1%. (Photo by Keiichiro Asahara)

NEW DELHIBharti Airtel, India's largest telecom operator, has agreed to buy the Indian operations of Norway's Telenor, a move that will bolster its position in the face of stiff competition from Reliance Industries' newly launched wireless venture.

Headquartered in New Delhi, Bharti Airtel has operations in 17 countries across Asia and Africa. It says it had more than 368 million customers worldwide at the end of January.

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