Bharti Airtel shareholders approve scheme of VSAT operations merger

Bharti Airtel’s shareholders have approved a proposed scheme of arrangement between Airtel, Bharti Airtel Services, Hughes Communications India and HCIL Comtel, with 99.98 per cent of votes cast in favour of the merger.

In May last year, telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) said they will combine their VSAT (very-small-aperture terminal) satellite operations in the country, with Hughes holding a majority stake in the merged entity.

In a filing on Tuesday, Bharti Airtel informed the BSE about the details of voting results of court-convened meeting that was held on July 31, where the scheme of arrangement was put to vote.

Within the promoter and promoter group, 100 per cent of votes cast were in favour of the scheme.