Bharti Infratel’s board has decided to proceed with the scheme for a merger with Indus Towers, and that the cash consideration chosen by Vodafone Idea for its 11.15 percent stake in Indus Towers is expected to be about Rs 4,000 crore. Its board, in a meeting held on August 31, 2020, took note of the status of the scheme of arrangement between Indus Towers and Bharti Infratel and the related agreements.
Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.
