Bharti Infratel Plans Creating On India's Largest Mobile Tower Company

Bharti Infratel today said it will explore acquiring additional stake in Indus Towers, a move likely to create India's largest mobile tower company. "The board of directors of Bharti Infratel Ltd, 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 Ltd with the aim of making it a subsidiary or wholly owned subsidiary



of Bharti Infratel Ltd," the company said in a statement.

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

The deal, if it happens,  will create India's largest mobile tower company with about two and half times the size of its nearest rival BSNL, as per the industry figures.