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Yashika Goel April 24th, 2024 11:08 AM 0 COMMENTS

Airtel Denies Any Discussion With Vodafone Group for Indus Towers Stake

Indian Telecommunications Service Provider, Bharti Airtel, denied holding any discussions with the UK's Vodafone Group to acquire an additional stake in the Tower Company, Indus Towers (Indus). This clarification comes in response to a news item titled "Talk of the Tower: Airtel eyes Vodafone's 21.05 percent stake in Indus" by ET Telecom earlier today, citing two sources aware of the matter. Also Read: Airtel Expands Network Footprint in Banaskantha District... Read More

Yashika Goel February 23rd, 2024 5:27 PM 0 COMMENTS

Indus Towers Launches R&D Labs for Green Energy Solutions With IIT Madras

Indus Towers said it has recently launched Research and Development Laboratories, focusing on Green Hydrogen and Battery Management System with Solar Integration, at the Indian Institute of Technology (IIT) Madras Campus, as part of its CSR engagement program. These labs, launched in association with IIT Madras, were inaugurated by Manoj Kumar Singh, Chief Regulatory Officer and CSR at Indus Towers, in the presence of Professor Raghunathan Rengaswamy, Dean of Global... Read More

Yashika Goel January 23rd, 2024 9:57 PM 0 COMMENTS

Indus Towers Marks Third Consecutive Quarter With Tower Additions

Indus Towers today announced its consolidated results for the third quarter ended December 31, 2023, with revenue for the quarter at Rs 7,199 crores, up 6.4 percent Year on Year. The company reported a net profit of Rs 1,541 crores, compared to a loss of Rs 708 crores in the previous year, in an announcement on Tuesday. Also Read: Indus Towers Hails Telecom Bill 2023 for Addressing Industry Concerns Tower... Read More

Yashika Goel December 21st, 2023 2:56 PM 0 COMMENTS

Indus Towers Hails Telecom Bill 2023 for Addressing Industry Concerns

The recent Telecommunications Bill of 2023 aims to overhaul the outdated Indian Telegraph Act, which has governed the telecom sector for 138 years. The bill, introduced in the Lok Sabha by the Union Telecommunications Minister, is intended to amend and consolidate the law related to the development, expansion, and operation of telecommunication services and telecommunication networks, as well as the assignment of spectrum and other connected matters. Also Read: Assocham... Read More

Srikapardhi September 30th, 2023 12:21 PM 0 COMMENTS

Indus Towers and IOC Phinergy Partner to Pilot Zero-Emission Energy Systems

Indus Towers, Indian telecom tower infrastructure provider with a portfolio of over 200,000 telecom towers, and IOC Phinergy (IOP), a joint venture between Indian Oil Corporation Limited (IOCL) and Phinergy, Israel, have signed an agreement to deploy 300 zero-emission energy systems based on aluminium-air technology at Indus' telecom tower sites. Also Read: Indus Towers Reaches Landmark of 200,000 Macro Towers Across India Pilot Project Indus Towers said this pilot project... Read More

Yashika Goel August 11th, 2023 2:36 PM 0 COMMENTS

Indus Towers Reaches Landmark of 200,000 Macro Towers Across India

Indus Towers has announced the achievement of a significant milestone by reaching 200,000 macro towers across all 22 telecom circles in the country. This achievement highlights the company's notable presence in the telecom industry and its integral role in supporting the Indian government's 'Digital India' initiative. As India's largest telecom tower company and one of the largest worldwide, Indus Towers continues to play a pivotal role in the nation's telecommunications... Read More

Tanay Singh Thakur August 1st, 2023 10:55 AM 0 COMMENTS

Indus Towers Q1 FY24 Performance was Decent Owing to Tenancy Addition: ICICI Securities

Indus Towers, a leading telecom infrastructure provider in India, saw a decent Q1 FY24. The company saw an accelerated tenancy addition with a net add of 5,048 despite witnessing 518 exits. Further, there were no provisions made that affected the EBITDA (earnings before interest tax depreciation and amortisation). According to a fresh ICICI Securities report, the high tenancy addition for Indus Towers is unlikely to sustain in the medium term.... Read More

Tanay Singh Thakur May 8th, 2023 10:50 AM 0 COMMENTS

Indus Sees 5G Opportunity as Now or Never, to Boost Capex Accordingly

Indus Towers, India's largest telecom tower company, is gearing up to seize the opportunity presented by the ongoing 5G rollout in the country. Despite the delay in near-term dividend payouts, Indus Towers has affirmed that it will not hold back on capital expenditure for the current fiscal year to expand its tower network and take advantage of the emerging revenue growth opportunity. Its executives view the 5G rollouts by Airtel... Read More

Tanuja K April 28th, 2023 10:59 AM 23 COMMENTS

Indus Towers Presses Vi to clear Dues, Rules out Further Payment Plan Relaxation: Report

Indus Towers, a major telecom tower company, is putting pressure on Vodafone Idea (Vi) to pay its past dues and has ruled out any further leniency in the payment plan that was agreed upon earlier this year. Despite Vi's improvement in clearing 90-100% of its current dues, Indus is closely monitoring the telco's payment patterns and funding situation to recover its accumulated past dues as per the agreed schedule, said... Read More

Tanuja K April 27th, 2023 10:51 AM 0 COMMENTS

Indus Towers Q4 Net Profit Drops 23% Due to Doubtful Dues from Vodafone Idea

Telecom infrastructure provider Indus Towers has reported a 23% decline in its net profit for the fiscal fourth quarter, citing doubtful dues from its largest customer, Vodafone Idea. The tower company’s profit for the January-March quarter was Rs 1,399 crore, compared to Rs 1,829 crore in the same period last year. Its revenue for the quarter was Rs 6,753 crore, down 5% from the same period in 2022. Indus Towers... Read More

Tanuja K January 25th, 2023 9:09 AM 1 COMMENTS

Indus Towers Posts Rs 708 Crore Net Loss as Doubtful Debt Provision Rises

Indus Towers, India's largest telecom tower company, has posted a net loss of Rs 708 crore in Q3 FY23. A year ago, during the same quarter, the company posted a net profit of Rs 1,571 crore. This loss during this quarter has come because Indus decided to make a Rs 2,298.1 crore provision of doubtful debt as Vodafone Idea's funding plans remain muted. Vi, one of the largest customers of... Read More

Tanay Singh Thakur November 26th, 2022 5:06 PM 0 COMMENTS

Indus Towers to Raise up to Rs 1500 Crore via NCDs

Indus Towers, a leading telecom tower company in India, is going to raise up to Rs 1500 crore via the issue of non-convertible debentures (NCDs). The company informed about the development to the stock exchanges in a late filing on Friday evening. The fund will be raised by the tower company in different tranches and on a private placement basis. In a filing, the company said that the board of... Read More