Bharti Infratel

Vodafone Idea cashed out of Indus Towers as the infrastructure unit completed a long-awaited merger with Bharti Infratel, though Bloomberg reported the move did less to ease the cash-strapped operator’s burden than headline figures suggest.

Bharti Infratel announced today (1 September) it will move ahead with a long-delayed merger with Indus Towers as part of a new deal which will see struggling Vodafone Idea sell its 11. 15 per cent stake for about INR40 billion ($549.

A Vodafone Idea plan to raise funds from the sale of its stake in a combined Indus Towers-Bharti Infratel entity to pay government dues ran into new obstacles, as outstanding approvals for the merger may not come fast enough.

A proposed merger of Indus Towers with Bharti Infratel ran into a major obstacle as shareholders squabbled over the pricing structure of the deal, which was due to close today (24 October), The Economic Times (ET) reported.

India’s National Company Law Tribunal approved a proposed merger of Indus Towers with Bharti Infratel, a move which will create one of the largest tower companies outside of China.

Bharti Airtel and Vodafone Group opened talks to reduce their investments in Indus Tower before the joint venture merges with Bharti Infratel to create the largest tower company in India, with a value of $12 billion to $13 billion, The…

A tribunal instructed Reliance Communications (RCom) to pay Bharti Infratel INR392 million ($5. 7 million) for pulling out of infrastructure sharing agreements with the tower company, The Economic Times (ET) reported.