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

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