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How A Delayed Bharti Infratel-Indus Towers Merger Is Hurting Vodafone Idea
The delay in Bharti Infratel-Indus merger has cost Vodafone Idea nearly Rs 1,300 crore.
29 Apr 2020, 02:48 PM IST
The impending merger of Bharti Infratel Ltd. and the unlisted Indus Towers Ltd. that would create the largest tower company outside China has been delayed four times till now, hurting the Vodafone Group and Kumar Mangalam Birla-owned Vodafone Idea Ltd.That’s because, the delays, according to BloombergQuint’s calculations, have cost Vodafone Idea nearly Rs 1,300 crore.Bharti Infratel recently extended the long-stop date for the merger...
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