Skip to Content

Bharti Infratel To Meet On Feb. 24 To Decide How To Merge With Indus Towers

Bharti Infratel To Meet On Feb. 24 To Decide How To Merge With Indus Towers

Submitted by • February 24, 2020 www.communicationstoday.co.in

Bharti Infratel Ltd. said that its board would meet on Monday to decide how it would merge with peer Indus Towers Ltd., following the Telecom Department’s approval for the deal.The tower arm of Bharti Airtel Ltd. also informed the exchanges today that it has secured approval for foreign investment necessitated by the merger—which was announced nearly 20 months ago. Regulatory bodies like the Competition Commission of India, Securities and Exchange Board of India and the National Company Law Tribunal had previously approved the merger that would create the world’s largest tower company outside China.

Voted by:
Voted by greenworld

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>