Idea, Bharti, Vodafone to form Indus Towers
Idea Cellular, Bharti Infratel, and Vodafone Essar have formed independent tower company, Indus Towers, to provide passive infrastructure services in India to all operators on a non-discriminatory basis.
By INDIATIMES NEWS NETWORK |
MUMBAI: Idea Cellular, Bharti Infratel, and Vodafone Essar have formed independent tower company, Indus Towers, to provide passive infrastructure services in India to all operators on a non-discriminatory basis. This follows the infrastructure sharing understanding signed between Bharti and Vodafone in February.
The three companies will merge their existing passive infrastructure assets in 16 telecom circles in India. Bharti and Vodafone Essar will own around 42 per cent each and Idea the remaining 16 per cent stake in Indus Towers.
The primary benefit will be the accelerated expansion of coverage, especially into rural areas, and enables wider access to affordable services for all, helping to meet the government’s teledensity targets.
Indus Towers will be an independently managed and operated company, offering services to all telecom operators and other wireless services providers such as broadcasters and broadband services providers.
The company will have around 70,000 sites at inception providing it with significant scale benefits and will undertake a significant rollout of telecom infrastructure to propel the mobile sector towards achieving India teledensity and rural coverage goals within the next few years.
At 10:03 am, Idea shares were up 2.22 per cent at Rs 136.10 on BSE.
The three companies will merge their existing passive infrastructure assets in 16 telecom circles in India. Bharti and Vodafone Essar will own around 42 per cent each and Idea the remaining 16 per cent stake in Indus Towers.
The primary benefit will be the accelerated expansion of coverage, especially into rural areas, and enables wider access to affordable services for all, helping to meet the government’s teledensity targets.
Indus Towers will be an independently managed and operated company, offering services to all telecom operators and other wireless services providers such as broadcasters and broadband services providers.
The company will have around 70,000 sites at inception providing it with significant scale benefits and will undertake a significant rollout of telecom infrastructure to propel the mobile sector towards achieving India teledensity and rural coverage goals within the next few years.
At 10:03 am, Idea shares were up 2.22 per cent at Rs 136.10 on BSE.
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