Home / Companies / News / Bharti Infratel board may give nod to Indus Tower merger on Wednesday

Bharti Infratel board may give nod to Indus Tower merger on Wednesday

The deal, which was signed in April 2018, is expected to come to fruition and once it is completed it will create one of world's biggest telecom tower companies.

I-T dept to move SC against Reliance Jio's plan to sell stake in tower arm

Premium

After being delayed on several occasions, it is learnt that time around the probability of the merger getting called off are low.

BS Reporter

1 min read Last Updated : Jun 23 2020 | 10:00 PM IST

Bharti Infratel board will meet on Wednesday to finalise the long pending merger with Indus Towers with some renegotiations in merger valuation to the changed environment in the aftermath of the Covid-19 crisis.

The deal, which was signed in April 2018, is expected to come to fruition and once it is completed it will create one of world’s biggest telecom tower companies.

After being delayed on several occasions, it is learnt that time around the probability of the merger getting called off are low.

However, the union may not prove to be a major financial benefit for the entity but if there is

Topics : Bharti Airtel Bharti infratel Indus Towers Bharti Infratel merger mobile towers telecom sector in India

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in