News of Deals #BhartiInfratel #IndusTowers
Bharti Infratel and Indus Tower have merged Bharti Infratel Bharti Infratel, a subsidiary of Bharti Enterprises was a tower company, having approx. 40% stake in Indus Towers Indus Towers Indus Towers was started a joint venture Vodafone, Idea Cellular and Bharti Airtel. It was largest tower company of India. IMPACT - Mergerd entity is largest tower company outside China with 172,000 towers. Stake Holdings: Airtel and it's subsidiaries will hold 37% Vodafone group will hold 28% Vodafone Idea received Rs.3,760cr for it's stake in Indus Towers PS Asia Holding Investment (Providence) will hold 3% Public will hold remaining stake