India’s PE-backed Bharti, Indus to merge
Indus Towers, an Indian telecom tower network backed by Providence Equity Partners, will merge with domestic rival Bharti Infratel, whose investors include KKR and the Canada Pension Plan Investment Board (CPPIB).
The combined stock and cash deal will value the merged company at INR965 billion ($14.6 billion), according to a filing. Providence will have the option to receive cash or shares in Bharti Infratel for...
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