Bharti Infratel and Indus Towers have sought exit charges following Vodafone Idea merger that led to two tenancies on a single tower being converted into one.
Earlier to the merger, Vodafone and Idea had tenancies on the same tower of various infrastructure service providers, including Indus Towers and Bharti Infratel. After the merger, these two tenancies on a single tower have been converted to a single tenancy with a higher loading.
Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.
