Bharti Infratel, Indus combined valuation slumps as merger moves forward

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Telecom tower companies Bharti Infratel Ltd and Indus Towers Ltd are moving ahead with their merger, but at a far lower valuation than they envisaged almost two-and-a-half years ago when they first announced the deal. The two tower companies and their parents—mobile-phone operators Bharti Airtel Ltd, Vodafone Group Plc and Vodafone ......