INSUBCONTINENT EXCLUSIVE:
Vodafone is in talks to sell stake in Indus Towers to Bharti AirtelNew Delhi: British telecom giant Vodafone is in discussions to sell
around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources.When contacted, Vodafone refused to comment on
the matter.Vodafone currently holds about 28 per cent in Indus Towers.The industry sources said that Vodafone is in talks to sell its about
five per cent stake in Indus Towers, valued at over Rs 3,300 crore, to Bharti Airtel
The proceeds will be pumped into the Indian entity Vodafone Idea, they added.Indus Towers Limited, formerly Bharti Infratel Limited,
provides passive telecom infrastructure
It deploys, owns and manages telecom towers and communication structures for various mobile operators.The company's portfolio of over
1,84,748 telecom towers makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles
