Bharti Infratel Indus Towers Merger

Indus Towers, formerly Bharti Infratel, had reported a profit after tax of Rs 1,331 crore in the same period a year ago

The Board of the telecom infrastructure company was to take a final decision on the scheme of arrangement with Indus Towers

Bharti Infratel, currently owned 53.5% by Bharti Airtel, owns and operates over 40,000 towers

Consolidated revenue of the company increased 0.7 per cent YoY to Rs 3,624 crore during the quarter under review

The clash is over Vodafone Idea's 11.5 per cent stake in Indus Towers

The final call on scheme implementation will be taken by the board based on assessment of telecom crisis

The delay in deal will also result in lower payment to Vodafone Idea for its around 11.15 per cent stake

Vodafone, Idea and Providence Equity Partners' holding in Indus Towers to be merged into Bharti Infratel's; combined entity to together control over 163,000 towers across India's 22 telecom circles