Indus Towers, Bharti Infratel merging to become world No.2 for masts

The combined company, which will lag only China Tower, will remain listed on Indian bourses. It will have a nationwide presence with more than 163,000 towers, the owners of both companies said in a joint statement on Wednesday. Top Indian telecoms carrier Bharti Airtel, the majority owner of Bharti Infratel, will end up with a stake of 33.8 percent to 37.2 percent in the combined entity, which will be called Indus Towers

Indus Towers, Bharti Infratel merging to become world
Bharti Airtel separately said it plans to engage with potential investors to evaluate a stake sale in the combined mobile masts entity. Image source: PTI

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x