Bharti Infratel on Saturday said its board will meet on February 24 to chart out the future course of action following the telecom department’s approval for merger with Indus Towers.
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. The combined entity will be the largest tower company in the world outside China.
“...FDI approval for merger of Indus Towers with Bharti Infratel has been received late evening yesterday,” Bharti Infratel said in a regulatory filing. It added that the board of directors of the company will meet on February 24, 2020 to “take stock and decide the future course of action”.