Indus-Infratel merger clears legal hurdle

Indus-Infratrel merger clears legal hurdle

The planned merger between Bharti Infratel and Indus Towers has been cleared by India’s National Company Law Tribunal.

Having cleared this hurdle, the merger now needs the green light from India’s Department of Telecommunications. Once it receives this – expected to be by the end of June – the companies will be clear to create one of the largest tower firms in the world.

Bharti Airtel agreed in April last year to merge its Bharti Infratel tower unit with Indus Towers. The merged unit will continue to use Indus’ name, and will be led by Indus CEO Bimal Dayal.

With around 163,000 towers in India, the unit will list on the country’s stock exchanges with a value of an estimated $12-$13 billion.

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.