Bharti Infratel, Indus Towers to merge creating $14.6bn firm
Bharti Airtel's subsidiary Bharti Infratel has agreed to merge with Indus Towers, which has Vodafone and Idea as shareholders, creating a $14.6-billion company. The merged entity will be world's second largest tower company with 1.63 lakh towers operating across India's 22 telecom circles. The combined company, to be called Indus Towers, will be jointly controlled by Airtel and Vodafone.