Bharti Airtel Limited (BSE:532454) is reportedly in talks to acquire Telenor (India) Communications Private Limited from Telenor ASA (OB:TEL) for $350 million. The deal will involve taking on debt of INR 15 billion while allowing India's biggest telecom company to add to its 4G spectrum and be better placed to take on Reliance Jio Infocomm.