Bharti Infratel going ahead with Indus Towers merger

The board of directors of Bharti Infratel have authorised the Indian tower company’s planned merger with Indus Towers to proceed, subject to satisfying regulations and procedural condition precedents. The delayed deal received antimonopoly approval in 2018. Bharti Infratel’s statement said that the likely shareholding structure in the merged company could be: current Infratel shareholders 68.6%, Vodafone Idea 28.2% and PEP 3.2%.