Following the placing, Vodafone holds 82.5 million shares in Indus Towers, equivalent to a 3.1% shareholding
U.K.-based Vodafone Group announced that it has sold 484.7 million shares in Indian tower company Indus Towers, representing 18% of Indus’ share capital, through an accelerated book-build offering.
In a...
Vodafone currently owns 21.5% of Indus Towers via various group entities
U.K.-based Vodafone Group is looking to sell its entire $2.3 billion stake in Indian tower company Indus Towers through stock market block deals, local newspaper Business Standard reported, citing sources with knowledge of the...
Vodafone Idea currently owes Indus Towers nearly $1.2 billion, according to local press reports
Indian carrier Bharti Airte'sl Chairman Sunil Mittal urged rival operator Vodafone Idea to settle its debts with Indus Towers and said that the tower firm would not provide new services to...
American Tower's CFO said the company was in the final stage of negotiations to sell a majority stake in its tower unit in India
American Tower is confident of finalizing the sale of its towers business in India soon, the company’s CFO, Rod Smith, said...
Indus Tower currently has over 189,000 towers across India
Indian telecommunications tower company Indus Tower will accelerate investments to expand its infrastructure across the country to take advantage of the rapid rollout of 5G services by local carriers Bharti Airtel and Reliance Jio Infocomm, local...
Bharti Airtel holds 47.95% stake in Indus Towers following the transaction
Indian carrier Bharti Airtel has increased its direct stake in compatriot company Indus Towers by acquiring 23.01% of shares held by its wholly-owned subsidiary, Nettle Infrastructure.
Folowing this transaction, Bharti Airtel now holds 47.95% stake...
American Tower currently operates around 68,000 towers in the Indian market
American Tower (ATC) has expanded its footprint in India through the completion of the acquisition of Indian carrier Idea’s tower business.
The local subsidiary of ATC has acquired a portfolio of around 9,000 towers in...
The new entity will own 163,000 telecom towers across India and will become the world's second-largest tower company
India's Indus Towers and Bharti Infratel agreed to merge their operations in a deal that will create the world's second-largest mobile towers company
The new company will have...
Proposed merger of Vodafone and Idea Cellular operations would result in nearly 400 million combined customers, robust spectrum for LTE and 5G.
Vodafone Group and Idea Cellular moved on long-simmering plans to combine their cellular operations in India, announcing a proposed deal to...
The combined entity, led by Vodafone India, would have almost 400 million subscribers.
Vodafone and Indian operator Idea Cellular are reportedly close to reaching an agreement to merge their India operations, according to local press.
According to the reports, both operators are expected to announce...
Vodafone said its share in Indus Tower will not be included in a deal
UK mobile telecommunications group Vodafone confirmed it is negotiating about potentially merging its Indian business with rival mobile operator Idea Cellular.
Vodafone issued a brief statement in which the telco said it is...
The firm operates 121,000 cell towers and other sites across India.
India-based tower owner Indus Towers plans to invest nearly $15 million to deploy 500 new telecoms sites, including new cell towers, across India within the next 12 months, Indian press reported.
Of the...
India
Indian telecommunications tower firm Indus Towers said it plans to invest approximately $40.7 million to deploy 1,000 towers in Punjab and Haryana states this year.
Indus Towers currently has 7,600 telecommunications towers in both states and more than 115,000 towers across India. The company was founded in...
