Vodafone Idea Says Fiber Infrastructure Business Demerged To Vodafone Towers

Telecom operator Vodafone Idea Ltd. said its fiber infrastructure undertaking has been demerged to its wholly-owned subsidiary Vodafone Towers Ltd., after the completion of necessary sanctions and formalities.

"The scheme has become effective and consequently the fiber infrastructure undertaking of the company stands demerged from the company to VTL," Vodafone Idea said in a regulatory filing.

This follows sanction of the scheme between the company and Vodafone Towers Ltd. for transfer of fiber infrastructure undertaking to VTL by way of demerger, and filing of the certified copy of the order with Registrar of Companies on Oct. 15, it added.