The Bharti Infratel, a mobile infrastructure company, has got the approval of competition watchdog Competition Commission of India (CCI) for merging its operations with Indus Towers.
The proposed merger values Indus Towers at an enterprise valuation of Rs71,500 crore, and will create one of the largest mobile tower entities worldwide with 1.63 lakh towers in all 22 telecom circles. The combined company will own 100% of Indus Towers.
Source- The Hindu
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- Competition Commission of India (CCI) was established on 14th October 2003.
- It headquarters in New Delhi.