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