Vodafone India Completes the Sale of its Standalone Tower Business to ATC

Vodafone India besides going through a merger with Idea Cellular has also made a deal with ATC‘s (American Tower Corporation) Indian subsidiary under which ATC will acquire Vodafone’s tower business which boasts of owning 10,200 communication sites. This deal between both the parties has been finalised for Rs 3800 crores. ATC’s idea of merger sprouted in the news when the American company announced its plan of buying out the towers of now merged entities, Idea Cellular and Vodafone, in November last year.


This new step was beneficial for all the sides as the selling telcos would receive major help in filling their debts and on the other hand ATC will get to own a substantial number of towers in a country which happens to be in the middle of a splurging growth in the telecom sector.

Amit Sharma, American Tower’s EVP and President, Asia said about the successful buyout “We are pleased to acquire this portfolio, which will complement our existing footprint and help us serve our tenants in India as they expand 4G services in the coming years.”

Idea Cellular is expected to receive a sum of approximately Rs 4,000 crores from the selling of its tower in this deal. This amount is expected to strengthen Idea Cellular financially.

Vodafone also made a statement about this buyout saying “In the Vodafone India / Idea merger announcement of 20 March 2017, both parties announced their intention to sell their individual standalone tower businesses to strengthen the combined financial position of the merged entity. The merger is expected to complete in the first half of the current calendar year.”

Once the merger finishes, Vodafone and Idea will form India’s leading telecom operator with over 400 million subscribers and the merged entity will be the leader in the revenue market share as well.

Chakri is a go-to guy for your next smartphone recommendation. Back in his engineering days, he used to play with smartphones by installing custom ROMs and that passion got him into the tech industry. He still goes nuts about a smartphone knocking his door for review. Currently managing everything at Telecom Talk, Chakri is trying to master PUBG Mobile in his free time.

Leave a Reply

Photo and Image Files
4 Comment threads
15 Thread replies
Most reacted comment
Hottest comment thread
11 Comment authors
Airtel UserMikhail Mumbai-PuneKunalKaushik IMAIND Recent comment authors
newest oldest most voted

Good thing for Vodafone.

Airtel User
Airtel User

P for pugs.

Apurva Gupta
Apurva Gupta

I think all these fancy statements are advertised just for shareholders. They always tell you that merger will complete in this time frame and merged co. will be largest in industry.

Recent Posts

MTNL Doubles FUP on Broadband Plans, Now Providing Up to 5.4TB of Data

It is no secret that after the data tariff war triggered by Reliance Jio, the telecom operators have experienced immense...

OnePlus 7 Pro Camera Specifications Leaked, To Include a 48MP Rear Camera and 16MP Wide-Angle Sensor

Given the hype among people for the upcoming OnePlus device, the OnePlus 7 and the OnePlus 7 Pro, it is...

Apple iPhones in 2019 to Feature an Upgraded 12MP Selfie Camera

Apple is planning to upgrade camera resolution and setup in iPhones, to be unveiled this year. While the front camera...