Bharti Infratel has announced its intention to merge with Indus Towers which is owned by Vodafone India and Idea Cellular. Post-merger, it will be a $14.6 billion company with 1.63 lakh towers.
Indus Towers is currently jointly owned by Bharti Infratel (42%), Vodafone (42%), Aditya Birla’s Idea group (11.15%) and Providence (4.85%).
Bharti Infratel said: “The combination of Bharti Infratel and Indus Towers by way of merger will create a pan-India tower company, with over 163,000 towers, operating across all 22 telecom service areas in India. The combined company will be the largest tower company in the world outside China.”
Bharti Infratel said: “The combination of Bharti Infratel and Indus Towers by way of merger will create a pan-India tower company, with over 163,000 towers, operating across all 22 telecom service areas in India. The combined company will be the largest tower company in the world outside China.”
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