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Tanay Singh Thakur March 29th, 2022 12:16 PM 0 COMMENTS

Bharti Airtel Acquires Vodafone UK’s 4.7% Stake in Indus Towers for Rs 2388 Crore

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

Tanay Singh Thakur February 25th, 2022 8:54 AM 3 COMMENTS

Vodafone Successfully Raises Rs 1443 Crore by Selling Stake in Indus Towers

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

Arpit Sharma July 15th, 2021 8:30 PM 30 COMMENTS

Indus Towers Shows Growing Concern Over Vodafone Idea Financial Health

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

Bala Yogesh February 3rd, 2021 2:51 PM 0 COMMENTS

Reliance Jio Increased Focus on Infrastructure Set to Hurt Indus Towers

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

Chakri K December 3rd, 2020 9:35 AM 1 COMMENTS

Airtel Increases 4.94% Stake in Bharti Infratel for Around Rs 2,882 Crore

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

Chakri K November 20th, 2020 9:33 AM 14 COMMENTS

Bharti Infratel-Indus Towers Merger Now Complete, Vodafone Idea Receives Rs 3,760 Crore

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

Bala Yogesh October 7th, 2020 4:59 PM 19 COMMENTS

Vodafone Idea Set to Receive Rs 4000 Crores, Indus Towers and Bharti Infratel Merger Near Completion

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

Chakri K February 21st, 2020 3:05 PM 6 COMMENTS

Bharti Infratel-Indus Towers Deal Suffers Setback Yet Again

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

Sneha Bhardwaj June 2nd, 2019 2:05 PM 1 COMMENTS

NCLT Approves Bharti Infratel and Indus Towers Merger

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

Arpit Sharma January 10th, 2019 4:22 PM 0 COMMENTS

Indus Towers and Bharti Infratel Merger to Finalise in Upcoming Financial Year

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

Chakri K August 16th, 2018 12:29 PM 0 COMMENTS

Indus Towers Installs 55 Smart Poles in New Delhi With Wi-Fi Access Points and CCTV Cameras

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

Chakri K June 12th, 2018 11:28 AM 1 COMMENTS

Interview With Manoj Kumar Singh, Chief Technology Officer, Indus Towers

Indus Towers, which recently merged with Bharti Infratel and formed the largest tower company with over 163,000 towers stated that it would in-line with the Government of India’s vision of ‘Digital India.’ We got a chance to interact with Indus Towers' Chief Technology Officer & Chief of Regulatory Affairs & Sustainability, Indus Towers- Manoj Kumar Singh regarding the company's future plans and about the National Communications Policy 2018. Read on... Read More