We view the acquisition as positive Bharti Airtel is set to acquire the wireless business of the Tata Group. Though the transaction is not significant from the financial point of view for Airtel, it bolsters its leadership position through acquisition of customers, spectrum & fiber and provides additional muscle to combat competition from Jio. We foresee the acquisition to be earnings accretive post integration besides improving its subscriber and revenue market share by 300-400bps narrowing the gap with Vodafone-Idea combined