Bharti Airtel to acquire Tata's consumer mobile business

India`s top telecommunications carrier Bharti Airtel will acquire the consumer mobile business of Tata Teleservices and Tata Teleservices (Maharashtra) Ltd , the companies said on Thursday.

The transaction will be on a "debt-free cash-free" basis, the companies said in a joint statement.

Bharti Airtel will take over a "small portion" of Tata`s unpaid spectrum liabilities, the statement said.

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