The Bharti Infratel board on Tuesday approved the long-pending merger with Indus Towers Ltd, first announced in April 2018, to create the world’s largest mobile tower operator outside China. The deal will allow cash-starved Vodafone Idea Ltd to divest 11.15% stake in Indus Towers for ₹4,000 crore, Bharti Infratel said in a statement.
Register now to enjoy 3 free articles per month,
or log in to continue reading.
Stay informed with complimentary articles each month
Gain access to our exclusive newsletters delivered directly to your inbox
Be the first to know about all our summits!
Already a Subscriber? Log in