Bharti Infratel board to meet today

Telecom infrastructure provider Bharti Infratel’s board will meet today to decide the future course of action, after it received Foreign Direct Investment (FDI) approval for the merger with Indus Towers. “Please be informed that FDI approval for merger of Indus Towers with Bharti Infratel has been received late evening yesterday,” Bharti Infratel, a subsidiary of Bharti Airtel, said in a regulatory filing.

The deal, however, would still miss the February 24 deadline as certain regulatory approvals, including clearances from the Department of Telecommunications (DoT) is awaited, sources close to the development told BusinessLine on February 21.