Bharti Infratel Says to Explore Stake Acquisition in Indus Towers

Bharti Infratel Limited on Monday said that its board of directors on Monday has decided to explore and evaluate acquisition of the stake in one or more tranches in Indus Towers Limited. The company said it aims to make Indus a subsidiary or wholly owned subsidiary of Bharti Infratel Limited, which already owns 42% in Indus Towers.

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Vodafone India owns 42% stake in Indus, while Idea Cellular and Providence Equity Partners own 11.15% and 4.85%, respectively. Indus Towers is the world’s largest telecom tower company with over 122,000 towers in India. Previous media reports said that Vodafone India was approached by infrastructure companies and private equity funds (PEs) to buy the telecom company’s stake in Indus Towers Ltd.

Akhil Gupta, Chairman, Bharti Infratel Limited, said, “As Bharti Infratel and Indus Towers, we are well positioned to grab our fair share of market and create sustainable value for all stakeholders”

“Indian telecom has embraced the data-centric model and is emerging as the showcase of digital technology with operators rolling out 4G networks and India planning a leadership role on upcoming 5G technology and associated applications. Leading operators have announced enhanced investment plans towards improvising digital infrastructure during the recently concluded India Mobile Congress. The Government of India’s Smart Cities program presents additional opportunity to create infrastructure for sharing on a non-discriminatory basis. All of this is good for the sector at large,” he added.

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1 Comment on "Bharti Infratel Says to Explore Stake Acquisition in Indus Towers"

 

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Chetan
October 31, 2017 9:15 am 9:15 AM
This is part of the same deal, where KKR and CPP will jointly buy majority stake in bharti Infratel once Infratel buys entire stake in Indus towers… Operators feel they can cash in based on this valuable assets. What they are forgetting is that Future is all about scale and continuous investment and if they leave all assets then they will mere become MVNO with spectrum only . Jio on the other hand is doing opposite while holding majority of Towers, fibre and its own apps ecosystem. Jio will be winner after all these operator dies shortly ….
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