Kohlberg Kravis & Roberts and Canada Pension Plan Investment Board-backed mobile infrastructure company Bharti Infratel will merge its operations with Indus Towers to form a new $15 million entity. Currently, Indus Towers is jointly owned by Bharti Infratel (42%), Vodafone (42%), the Idea group (11.15%) and Providence (4.85%).
This merger will create Indus Towers Ltd., a pan-India tower company with over 163,000 towers operating across all twenty-two telecom service areas in India; and one that will be the world’s second largest telecom tower company behind Beijing-owned China Tower.
The combined revenue of Bharti Infratel and Indus Towers stands at $3.8 billion as on March 31, 2018. The merger will bring in benefits of scale for capex, both in terms of new tower roll-outs and maintenance, simplification of the organizational structure, and cost efficiencies.
Last updated: December 26th, 2025
