EXIT ROUTE

•While all of the Rs 31,000 crore debt will remain with the Tatas, Airtel will assume payment of close to 20 per cent of the Rs 9,000-10,000 crore deferred payments for the spectrum to the government

•The telecom sector is in a consolidation mode since the September 2016 entry of India's richest man Mukesh Ambani's Reliance Jio, which has given incumbent operators a run for their money