Ahead of Merger, Vodafone and Idea Sell Standalone Tower Businesses to ATC Telecom for $1.2 Billion
India's second and third largest telcos by subscribers, Vodafone India and Idea Cellular, have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private (ATC TIPL) for an aggregate enterprise value of Rs 78.5 billion or $1.2 billion, an official statement said. The transaction is expected to take place during the first half of the calendar year 2018. Idea will sell its entire stake... Read More