Idea Cellular gets nod for merger of Idea Cellular Towers with Indus Towers

Vodafone Idea Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532822 | NSE: IDEA

13 Jun 2013 Evaluate

Idea Cellular has received an approval for merger of Idea Cellular Towers Infrastructure, a wholly owned subsidiary of the company with Indus Towers. The said merger has become effective from June 11, 2013. The company has received approval from High Court of Delhi vide its order dated April 18, 2013 for the same.

Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level; it is present in all 22 telecom circles.

Peers

Company Name	CMP
Bharti Airtel	1830.00
Vodafone Idea	14.47
Indus Towers	379.65
Tata Communications	1746.20
Railtel Corp. India	252.55
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