The Department of Telecom (DoT) has approved the merger of Indus Towers with Bharti Infratel. The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas. The combined entity will be the largest tower company in the world outside China. The company and Vodafone hold 42 per cent stake each in Indus.
As per the plans, the combined company, which would fully own the respective businesses of Bharti Infratel and Indus Towers, would change its name to Indus Towers and will continue to be listed on Indian stock exchanges.
Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.
