Vodafone Group will hold 28.12 per cent stake in the merged entity, while the holding of Airtel Group will be about 36.7 per cent
The result indicated the impact of the Covid-19 pandemic and the lockdown, but its overall performance was weighed down by financial stress
The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas
Bharti Airtel's mobile tower arm Bharti Infratel and Vodafone hold 42% each in India's largest mobile tower firm Indus Towers and the rest is held by Idea Cellular