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VOD Vodafone Group PLC

8.585
-0.105 (-1.21%)
Last Updated: 14:34:39
Delayed by 15 minutes
Name Symbol Market Type
Vodafone Group PLC NASDAQ:VOD NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.105 -1.21% 8.585 8.58 8.59 8.61 8.56 8.61 388,409 14:34:39

Bharti Infratel Merger With Indus Towers Approved

24/02/2020 5:28am

Dow Jones News


Vodafone (NASDAQ:VOD)
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From Apr 2019 to Apr 2024

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   By Kosaku Narioka 
 

Bharti Infratel Ltd. said Saturday it has received a foreign-direct-investment approval from India's department of telecommunications to merge with Indus Towers Ltd.

Bharti Infratel, an Indian telecom tower operator, owns a 42% stake in Indus Towers. Vodafone Group PLC has another 42%, Indian mobile company Vodafone Idea Ltd. holds 11% and American private equity firm Providence Equity Partners controls the remaining 5%.

Bharti Infratel shares are down 0.2% after it rose in earlier trade, while Vodafone Idea shares are down 0.5%.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

February 24, 2020 00:13 ET (05:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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