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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