Bharti and Vodafone announced proposed CEO and CFO for the merged entity between Indus Towers with Bharti Infratel.

Bimal Dayal, currently CEO of Indus Towers, will be the chief executive officer of the merged entity. He will be responsible for the combined business and will take forward integration of the two companies in preparation of the merger.

Hemant Ruia, currently CFO of Indus Towers, will be the chief financial officer of the merged entity.

The existing leadership teams of both Indus Towers and Bharti Infratel will continue to manage their respective businesses till the merger becomes effective.

Bharti and Vodafone Group said the merger process of Indus Towers with Bharti Infratel is at an advanced stage of completion.

The merger of Bharti Infratel and Indus Towers will create a tower company with 163,000 plus towers, operating across all 22 telecom service areas in India.