Spotlight on Bharti Infratel board meeting tomorrow for merger update

The board of Bharti Infratel will meet on Tuesday to take stock of the progress made to complete the merger with Indus Towers, announced in April 2018.

The merger, which is expected to help loss-making telecom companies Bharti Airtel and Vodafone Idea sell stake to raise funds in the competitive telecom battleground, still awaits government approval.

Bharti Infratel will discuss this in the board meeting on December 24 post which a decision will be taken.

“If the Board feels more time is needed (to secure government approval) then it (long stop date) may be extended further or else various other options can be looked at,” a person familiar with the matter told Mint.