Bimal Dayal, currently CEO, Indus Towers is proposed to be appointed as the Chief Executive Officer of the merged entity of Indus Towers and Bharti Infratel subject to requisite approvals.
He will be responsible for the combined business and will take forward integration of the two companies in preparation of the merger.
Hemant Ruia, currently CFO, Indus Towers is proposed to be appointed as the Chief Financial Officer of the merged entity subject to requisite approvals.
The existing leadership teams of both Indus Towers and Bharti Infratel will continue to manage their respective businesses till the merger becomes effective.
The Shareholder Groups (Bharti and Vodafone Group) of combined entity resulting from the merger of Indus Towers with Bharti Infratel today announced that the merger process is at an advanced stage of completion. The Shareholder Groups look forward to early completion of the merger and move towards successful integration.
The merger of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas in India.
The combination of the two companies’ highly complementary footprints will create a tower operator with the ability to offer the high quality shared passive infrastructure services needed to support the pan-India expansion of wireless broadband services using 4G/4G+/5G technologies for the benefit of Indian consumers and businesses.
The combined company will continue to offer high quality passive infrastructure services to all telecom operators on a non-discriminatory basis, thus helping to support the delivery of the Government of India’s vision of ‘Digital India’.