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 […]
Indus Towers contributes Rs 35 crore to PM-CARES Fund
NEW DELHI: Indus Towers has contributed Rs 35 Cores to the PM-Cares Fund, as a committed partner in supporting the country’s fight against COVID-19. Additionally, Indus Towers’ teams on the frontline are playing a crucial role in enabling essential services of keeping India and society at large seamlessly connected through the mobile towers. It is […]