Vodafone lenders approve merger of Indus Towers with Bharti Infratel
NEW DELHI: British telecom major Vodafone Group on Monday said it has received an approval from its lenders, who contributed in funding for Vodafone Idea, to proceed with the merger of Indus Towers with Bharti Infratel. Vodafone Idea holds 11.15 per cent stake in Indus Towers, which is estimated to be valued at around Rs […]
Bharti Infratel to proceed with Indus Towers merger
NEW DELHI: Bharti Infratel’s board has decided to proceed with the long-delayed merger with Indus Towers. In a regulatory filing on Tuesday, Bharti Infratel said that shareholders of Infratel will be the majority shareholders in the merged entity with a likely stake of 68.6 per cent. Vodafone is likely to have 28.2 per cent. “After […]
Bharti Infratel settles tower exits with four operators for Rs 3,800 crore
NEW DELHI: Telecom tower firm Bharti Infratel on Thursday said it has reached a settlement with four operators, including Vodafone Idea, that exited from its cell sites before the expiry of their contracts at a payment of around Rs 3,800 crore. The payments include one-time charge of Rs 2,000 crore and rental of around Rs […]