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Bimal Dayal proposed to be appointed CEO of Bharti Infratel-Indus Towers’ merged entity

May 22, 2019
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As per a statement by Vodafone Group Plc and Bharti Airtel, Bimal Dayal, currently chief executive officer (CEO), Indus Towers, is proposed to be appointed as the CEO of the Bharti Infratel-Indus Towers’ merged entity. Dayal will be responsible for the combined business and will take forward integration of the two companies in preparation of the merger, the companies said.

Further, Vodafone Group Plc and Bharti Airtel, the joint owners of the proposed merged entity, said that Hemant Ruia, currently chief financial officer (CFO) of Indus Towers, is proposed to be appointed as the CFO of the merged entity.

The appointments will be subject to requisite approvals.

Meanwhile, the shareholder groups (Bharti Airtel and Vodafone Group) said that the merger process of Indus Towers with Bharti Infratel is in advanced stages of completion.

The merger of the two tower companies will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas in India.

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