New Delhi: Bharti Infratel has extended the merger deadline with Indus Towers by two months and till April 24. The company gave this information on Monday. However, the company says that the final decision on the issue will be taken by the company’s board of directors after assessing the crisis and its impact on the telecom sector.
Bharti Infratel told the stock market, “The final decision on the implementation of this merger plan will be taken keeping in mind the interests of the company and the stakeholders.” At the same time, the assessment of the current crisis of the telecom industry and its impact on the company’s large customers will also be the basis of the decision of the Board of Directors. “
The company said that foreign direct investment (FDI) has been approved for merger with Indus Towers. The last date for merger of the company was earlier 24 February which has now been extended by two months to 24 April 2020.
