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INDUSTOWER - Indus Towers News Story

₹251.65 -4.9  -1.9%

Last Trade - 12/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £6.56bn
Enterprise Value £8.03bn
Revenue £1.35bn
Position in Universe 65th / 3110

BRIEF-Vodafone Announces Merger Of Bharti Infratel, Indus Towers

Wed 25th April, 2018 7:20am
April 25 (Reuters) - Vodafone Group Plc  VOD.L :
    * MERGER OF BHARTI INFRATEL AND INDUS TOWERS
    * MERGER OF BHARTI INFRATEL AND INDUS TOWERS
    * MERGER OF BHARTI INFRATEL AND INDUS TOWERS: CREATING A
LISTED
PAN-INDIA TOWER COMPANY
    * MERGER OF BHARTI INFRATEL AND INDUS TOWERS: CREATING A
LISTED
PAN-INDIA TOWER COMPANY
    * DEAL TRANSACTION VALUES INDUS TOWERS AT AN ENTERPRISE
VALUE OF
INR715BN
    * ALL PROCEEDS FROM SALE OF 11.15% STAKE WILL BE FOR BENEFIT
OF
ENTITY RESULTING FROM MERGER OF VODAFONE INDIA AND IDEA GROUP
    * BHARTI AIRTEL AND VODAFONE WILL JOINTLY CONTROL COMBINED
COMPANY
    * DEAL IS EXPECTED TO CLOSE BEFORE END OF FINANCIAL YEAR
ENDING 31
MARCH 2019
    * VODAFONE WILL BE ISSUED WITH 783.1M NEW SHARES IN COMBINED
COMPANY, IN EXCHANGE FOR ITS 42% SHAREHOLDING IN INDUS TOWERS
    * BHARTI AIRTEL AND VODAFONE HAVE AGREED A CAPITAL STRUCTURE
AND
DIVIDEND POLICY WHICH IS EXPECTED TO BE IMPLEMENTED POST
COMPLETION

Source text for Eikon:  ID:nRSY0093Ma 
Further company coverage:  VOD.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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