Vodafone Group Plc Merger Update -- Bharti Infratel and Indus Towers
05 Octubre 2020 - 1:30AM
Noticias Dow Jones
TIDMVOD
RNS Number : 0258B
Vodafone Group Plc
05 October 2020
5 October 2020
UPDATE ON THE MERGER OF BHARTI INFRATEL AND INDUS TOWERS
Vodafone Group Plc ("Vodafone") announced on 1 September 2020
that it had agreed to proceed with the merger of Indus Towers
Limited ("Indus Towers") and Bharti Infratel Limited ("Bharti
Infratel", together the "Combined Company").
The agreement to proceed was conditional on consent for a
security package for the benefit of the Combined Company (the
"Security Package") from Vodafone's existing lenders (for the
EUR1.3 billion loan utilised to fund Vodafone's contribution to the
Vodafone Idea Ltd rights issue in 2019). This consent has now been
received. The parties will now approach the National Company Law
Tribunal to make the merger scheme effective. The parties are
working to complete the transaction expeditiously.
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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 technology communications company keeping
society connected and building a digital future for everyone.
Vodafone is focused on two scaled and differentiated regional
platforms in Europe and Africa. We operate mobile and fixed
networks in 22 countries and partner with mobile networks in 48
more. As at 30 June 2020 we had over 300m mobile customers, more
than 27m fixed broadband customers and over 22m TV customers.
We connect for a better future. We are optimistic about how
technology and connectivity can enhance the future and improve
people's lives. Through our business, we aim to build a digital
society that enhances socio-economic progress, embraces everyone
and does not come at the cost of our planet. That is why we have
committed to improve one billion lives and halve our environmental
impact by 2025.
For more information, please visit: www.vodafone.com .
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October 05, 2020 02:15 ET (06:15 GMT)
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