Good News Bharti Infratel, Indus Towers planning merger to create telecom tower giant.

[nambbus]

Bharti Infratel, Indus Towers planning merger to create telecom tower giant

 

[Bapun]

Bharti Infratel Ltd and Indus Towers Ltd—two of India’s largest telecom tower firms—are planning to merge their businesses, three people aware of the matter said.

Vodafone India Ltd and publicly traded Bharti Infratel Ltd hold 42% each in Indus Towers. Idea Cellular Ltd owns 11.15% and US-based private equity fund Providence owns 4.85%.

Bharti Infratel, Indus Towers planning merger to create telecom tower giant

 

[Rajat Basak]

Relief for Vodafone Idea as Infratel-Indus deal gets government's final nod..

"The department of telecommunications (DoT) on Friday approved the merger of telecom tower companies Bharti Infratel and Indus Towers, giving a glimmer of hope to Vodafone Idea.

The merger of Bharti Infratel and Indus Towers will create the world’s second largest tower company. The combined entity will own more than 163,000 towers, second only to China Tower."