In an interview to ET Now, Nitin Soni, Director, Asian Corporates at Fitch Ratings Singapore said that the main synergies from the merger of these two companies will come from the saving of the dividend distribution tax and greater economies of scale. Further, these companies will benefit given the consolidation taking place in the industry. "When Infratel came out with the results, their collocation collections have actually declined as the smaller telcos exited from the market," he told in an interview to ET Now. According to the expert, the deal will not impact Bharti Airtel in any way. According to the details of the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19. In the complex web, the deal provides Aditya Birla Group's Idea an option to sell its 11.5 per cent stake in Indus Towers for cash or in lieu of receiving new shares.