Bharti Infra stocks get jitters on a possible Vodafone-Idea merger

Shares of Bharti Infratel on Monday fell sharply by 7% on bourses after Vodafone confirmed it was in discussions with Idea Cellular for a possible merger. 

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day.

According to a Mumbai-based analyst, the impact of Vodafone-Idea merger on Bharti Infratel would only be in the near term as the telecom tower company will have to re-synchronise its existing network.

Global telecom major Vodafone on Monday confirmed it was in discussion to merge its India mobile business with Aditya Birla group’s Idea Cellular,