Bharti Infratel, Indus merger to create Rs 965 bn co, 2nd largest after ATC

The new entity will have 163,000 towers, but pressure on tenancy likely for 24 months

Bharti Infratel and Indus Towers will merge to create the second-largest telecommunications tower company in the world, valued at Rs 965 billion. The merged entity will have a presence in all the 22 circles of the country and have 163,000 towers. 

China Tower, a joint venture of three telecom operators, is the largest tower company in the world by volume of towers. It is estimated to have more than a million towers. American Tower Corporation (ATC) is possibly larger in valuation but not in terms of the number of towers it has.   
 

The deal values Indus Towers at Rs 715