Vodafone Group update on merger of Indus Towers and Bharti Infratel

Vodafone Group

Vodafone Group Plc (LON:VOD) announced on 1 September 2020 that it had agreed to proceed with the merger of Indus Towers Limited and Bharti Infratel Limited.

The agreement to proceed was conditional on consent for a security package for the benefit of the Combined Company from Vodafone’s existing lenders (for the €1.3 billion loan utilised to fund Vodafone’s contribution to the Vodafone Idea Ltd rights issue in 2019). This consent has now been received. The parties will now approach the National Company Law Tribunal to make the merger scheme effective. The parties are working to complete the transaction expeditiously.

You might also enjoy reading  Vodafone Group Plc - Consensus Indicates Potential 60.3% Upside

Good news travels fast (but only if you make that happen):

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit

AIM All Share Index