Vodafone Group Plc Bharti Infratel And Indus Towers Complete Merger (9441F)
26 November 2020 - 6:35PM
UK Regulatory
TIDMVOD
RNS Number : 9441F
Vodafone Group Plc
26 November 2020
COMPLETION OF THE MERGER OF BHARTI INFRATEL AND INDUS TOWERS
Vodafone Group Plc ("Vodafone") announces that the merger of
Indus Towers Limited ("Indus Towers") and Bharti Infratel Limited
("Bharti Infratel", together the "Combined Company") has now
completed. The Combined Company is listed on the National Stock
Exchange of India and the Bombay Stock Exchange and it will in due
course be renamed Indus Towers Limited.
Vodafone has been issued with 757.8 million shares in the
Combined Company in exchange for its 42% shareholding in Indus
Towers which is equivalent to a 28.1% shareholding in the Combined
Company.
- ends -
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com Vodafone.com/media/contact
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered
in England No. 1833679
About Vodafone
Vodafone is a leading telecommunications company in Europe and
Africa. Our purpose is to "connect for a better future" and our
expertise and scale gives us a unique opportunity to drive positive
change for society. Our networks keep family, friends, businesses
and governments connected and - as COVID-19 has clearly
demonstrated - we play a vital role in keeping economies running
and the functioning of critical sectors like education and
healthcare.
Vodafone is the largest mobile and fixed network operator in
Europe and a leading global IoT connectivity provider. Our M-Pesa
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from access to mobile payments and financial services. We operate
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irrespective of race, ethnicity, disability, age, sexual
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Vodafone is also taking significant steps to reduce our impact
on our planet by reducing our greenhouse gas emissions by 50% by
2025, purchasing 100% of our electricity from renewable sources by
2025, and reusing, reselling or recycling 100% of our redundant
network equipment.
For more information, please visit www.vodafone.com, follow us
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