Bharti Infratel-Indus Towers merger may come up into being in August

The merger of Bharti Infratel and Indus Towers is expected to be completed by the end of next month, creating the world’s second largest telecom tower company. The combined entity, with a portfolio of over 1.63 lakh towers, will have presence in all the 22 telecom circles in the country.

Speaking during the investors call, Bharti Infratel chairman Akhil Gupta said the merger is expected to be completed by August as all the permissions including that of National Company Law Tribunal (NCLT) are in place and only department of telecommunications’ (DoT) nod is required for enhancement of foreign direct investment limit.