As forecast by TowerXchange and most analysts covering India’s tower market, consolidation among tenants is to be reflected in consolidation among towercos, with Indus and Infratel joining forces to create a 163,000 tower giant. Long joined at the hip by non-compete arrangements and Infratel’s stake in Indus, the union of the two towercos unlocks financial and operational synergies, and gives global investors direct access to Indus towers. Bharti Infratel Chairman Akhil Gupta kindly responded to TowerXchange’s questions about the merger.
TowerXchange: Thank you for agreeing to speak to TowerXchange about the landmark merger of Indus Towers and Bharti Infratel, creating the world’s largest tower company (outside of China).
