The telecom department has given the FDI approval for the merger of Indus Towers and Bharti Infratel, which was announced in April 2018. Currently, Bharti Infratel and Vodafone hold 42% stake each in Indus Tower while Vodafone Idea has an 11.15% stake. According to reports, Vodafone Idea was looking to raise about ₹4,500 crore from the sale of its stake.