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Bharti Airtel withdraws bid to purchase assets of RCom

Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications (RCom) after terming the move of the committee of creditors to extend the bid submission deadline as extremely unfair and biased. Earlier, the company had placed conditional bid to buy spectrum of RCom, while Bharti Infratel has submitted bids for mobile towers.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.