Indus Towers, a major telecom infrastructure company, has announced its quarterly results for Q2 Fy23. The company has reported that its profits after taxes for the quarter stood at Rs 872 crore, down 44% YoY. The major reason behind the dip in profits is the non-payment of dues by a major customer (Vodafone Idea). Consolidated revenues for the company stood at Rs 7967 crores, up by 16% YoY. Indus Towers... Read More
Bharti Airtel has acquired Vodafone UK’s 4.7% stake in the Indus Towers. Airtel’s subsidiary company, Nettle Infrastructure Investments Limited, has acquired 127,105,179 equity shares (4.7%) of Indus Towers from Vodafone Group Plc for Rs 2,388 crore. The agreement took place at Rs 187.88 per share, and Airtel’s subsidiary company purchased these shares from Euro Pacific Securities, a subsidiary of Vodafone UK. This acquisition has catapulted Airtel’s stock into the green... Read More
Vodafone Group Plc, a major British telco was eyeing to sell a 2.4% stake in the Indian tower company, Indus Towers through a block deal. The move was successful and the telco has raised Rs 1443 crore by selling 63.3 million shares at Rs 226.84 a share. Vodafone’s stake in Indus Towers has come down from 28.1% to 25.7%. The investors who purchased the stake were unnamed. According to an... Read More
Vodafone Idea is one of the two big customers of the network infrastructure company Indus Towers, with the other one being Bharti Airtel. However, with the deteriorating finances of Vodafone Idea, the shadow is also looming over Indus Towers as well now. The chain of poor finances is slowly shifting from the telecom companies to the backfoot players as well. In the latest development, Indus Towers has shown concern that... Read More
Motilal Oswal Financial Services on Monday said that the “increased focus on infrastructure” by Reliance Jio may “weaken” the positioning of Indus Towers. The Indian diversified firm engaged in the financial services in a report said that the “long-term overhang of business viability continues” for Indus Towers, a company that offers infrastructure services to wireless services providers. The report is on the heels of Indus Towers announcing its third-quarter financial... Read More
Telecom operator Bharti Airtel has increased its stake in Bharti Infratel by around 5%, the telco confirmed via a stock exchange filing. Nettle Infrastructure Investments Ltd, which is a wholly-owned subsidiary of Bharti Airtel, raised its stake in Bharti Infratel by 4.94% for an aggregate of Rs 2,882.32 crore. This news is reported by ET Telecom. In the stock exchange filing, Bharti Airtel confirmed that Providence (a US private equity... Read More
The much-awaited merger between Indus Towers and Bharti Infratel is now complete as National Company Law Tribunal (NCLT) approved the merger. Telecom operator Vodafone Idea (Vi) said it received around Rs 3,760.1 crore towards selling its 11.15% stake in Indus Towers. This news is confirmed by Vodafone Idea via an exchange filing late on Thursday. In September this year, it was expected that Vodafone Idea would receive around Rs 4,000... Read More
Vodafone Group on Monday said that it has agreed with Bharti Airtel and Vodafone India to continue with the completion of the merger between Indus Towers and Bharti Infratel. The British telecom giant said that it expects to be issued 760 million new shares post the completion of the merger translating to 28.2% stake in the combined company. It has been said that the new shares will be issued to... Read More
Telecom infrastructure provider Bharti Infratel is set to extend its deadline for closing the merger deal with Indus Towers for the third time, this time to April 24, 2020, pending approval from the Department of Telecommunications (DoT). The companies are still awaiting requisite Foreign Direct Investment (FDI) approval for the deal from DoT according to insiders who talked to ET Telecom. The telecom department is withholding the deal due to... Read More
The National Company Law Tribunal has approved the planned merger of tower company Bharti Infratel with Indus Towers, according to a regulatory filing. "...National Company Law Tribunal (NCLT), Chandigarh Bench, vide its order dated May 31, 2019, has sanctioned the scheme of amalgamation and arrangement between Indus Towers Ltd (Transferor Company) and Bharti Infratel Ltd (Transferee company) and their respective shareholders and creditors...," Bharti Infratel said in a BSE filing.... Read More
The tower unit of Bharti Airtel, Bharti Infratel will wrap up its merger with one of the biggest tower companies of India, Indus Towers in the first quarter of the new Financial Year in 2019, reported ET Telecom. In an analysts' meet, the company’s management also talked at length about new areas of growth like fibre sharing, small cells, data centres and Wi-Fi offloading. Bank of America Merrill Lynch also remarked... Read More
Indus Towers, the largest telecom tower company in the country along with New Delhi Municipal Council (NDMC) today announced the successful installation of 55 Smart Poles in Connaught Place. This new installation is part of the Government's Smart City initiative. Each Smart Pole is equipped with Wi-Fi access points, Smart lighting solution (warm LED lights consuming lesser energy), and CCTV cameras (for video surveillance). Furthermore, 18 Environment sensors to measure... Read More
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What kind of logic is this? Band 28 is exclusively used for coverage and not for speeds. They have mmwave…
Band 28 is just for VoNR and coverage. There is no other usage. Inside home, 20-50Mbps on an average. ARPU…
This is not going to happen. Vi is empty network everywhere now. 33 crore to less than 20 crore within…
where are the plans?no details , whats new whats changed?
Vi should decrease the tariff somewhere near to Jio's. So it can grab users from Airtel and Jio.
