Bharti Infratel Said It Would Explore Acquiring An Additional Stake - Dollar Advisory Financial Services

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Tuesday 31 October 2017

Bharti Infratel Said It Would Explore Acquiring An Additional Stake

Bharti Infratel said it would explore acquiring an additional stake in Indus Towers, a move likely to create India's largest mobile tower company.

"The board of directors of Bharti Infratel, in their meeting held on October 30, 2017, has decided to explore and evaluate acquisition of stake in one or more tranches in Indus Towers with the aim of making it a subsidiary or wholly owned subsidiary of Bharti Infratel," the company said in a statement.

Bharti Infratel and Vodafone India hold 42 percent stake in Indus Towers and rest is held by Idea Cellular.

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