Indus to Acquire Telecom Towers of Bharti Airtel and Hexacom for Rs 3,308.7 Crore

Telecom infrastructure company Indus Towers (Indus) will acquire mobile sites of Bharti Airtel Limited and Bharti Hexacom Limited for Rs 3,308.7 crore, the company said in a regulatory filing. The boards of Bharti Airtel and Bharti Hexacom have approved the sale/transfer of approximately 12,700 telecom towers and 3,400 telecom towers for Rs 2,147.6 crore and Rs 1,134 crore, respectively. The deal excludes the transfer of sites installed under Universal Service Obligation Fund (USOF) projects.

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Bharti Airtel

“The Board of Directors of the Company, at its meeting held on February 06, 2025, has approved sale/transfer of approximately 12,700 Telecom Towers of the Company [which includes Macro Sites, Ultra Lean Sites (ULS) and Cell on Wheels (COW) and excludes sites under Universal Service Obligation Fund (USOF)] to Indus Towers Limited, a subsidiary company, by way of a slump sale subject to statutory approvals under the applicable laws,” Bharti Airtel said in an exchange filing.

“The transfer is aimed at creating benefits from group-wide synergies of operations; enable sharper focus on tower assets; and better administration of tower business operations within the Group,” Bharti Airtel added.

Indus Towers

Separately, Indus Towers, in its exchange filing on February 6, 2025, said, “The Board of Directors (through a duly constituted Committee) have today, approved the acquisition of passive infrastructure assets/ Telecom Towers from Bharti Airtel Limited and Bharti Hexacom Limited, by way of slump sale, subject to necessary statutory approvals under the applicable laws.”