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VODAFONE TOWER SALE
Telecom infrastructure, gear makers face disruptionsTelecom operations in India are facing significant challenges. The ongoing conflict in West Asia is disrupting tower connectivity and incre...- Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr duesBritish telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday....
- UK's Vodafone Group PLC to sell residual 3% stake in Indus Towers through block dealVodafone Group Plc is selling its remaining 3% stake in Indus Towers through a block deal. The proceeds will be used to repay Vodafone Idea...
- Vodafone to sell its 3% stake in Indus Towers for over $300 millionVodafone Group is selling its remaining 3% stake in Indus Towers for over $300 million. The proceeds will be used to repay debt and inject ...
- Indus Towers releases pledge to enable UK’s Vodafone to sell 18% stake in tower companyWhile Indus Towers has released a pledge on a significant portion of Vodafone's stake, enabling an 18% sale, it retains a secondary pledge ...
- UK’s Vodafone Group sells 18% in Indus for Rs 15,300 croreThe stake sale proceeds will be used to clear bulk of the UK company’s existing lender dues relating to $1.8 billion of borrowings secured ...
- Vodafone Idea's Indus stake sale could speed up repayments to towerco, which may issue dividend: JP MorganVodafone Group's potential stake sale in Indus Towers may generate $2.3 billion in cashflows, prompting accelerated repayment to vendors an...
- Vodafone looks to sell entire $2.3 bn stake in Indus TowersVodafone Group plans to divest its entire $2.3 billion stake in Indus Towers through stock market block deals next week to reduce debt. The...
- Vodafone UK in talks to sell residual 21% in Indus TowersVodafone's residual stake of 567.2 million shares in Indus Towers is valued at about ₹11,571 crore, based on the tower company's ₹55,000 cr...
- Vodafone Idea falls 5% on delay in Infratel-Indus Tower mergerShares of Vodafone Idea fell nearly 12 per cent on Monday after Bharti Infratel extended the deadline for its merger with Indus Towers by t...
- Idea completes sale of 9,900 towers to ATC for Rs 4,000 croreThe sale was done via the Kumar Mangalam Birla-owned telco divesting its entire stake in Idea Cellular Infrastructure Services, a 100% subs...
- Closure of Idea-ATC $615-million tower deal likely next weekLast month, the government had cleared Vodafone India’s sale of its 10,926 captive towers to ATC for Rs 3,850 crore.
- Tower industry to see significant growth in 2020: ATC Asia President2018 will be a difficult year for the industry since there is shrinkage of tenancies. But, 2019 onwards there will be revival and in 2020 w...
- Government awaits Idea-Voda tower sale closure for green signal to mega merger: SourcesATC will pay a total of Rs 7,850 crore for purchasing Idea (Rs 4,000 crore ) and Vodafone's (Rs 3,850 crore) mobile towers.
- Vodafone pegs $5-billion valuation for 42% stake in Indus TowersThe country’s 2nd-largest operator is seeing a “quicker-than-expected progress” on its equal merger with Idea Cellular, which it expects to...
- ATC to buy 20,000 Vodafone, Idea towers for over $1 billion EVSenior ATC executives, and their counterparts in Idea and Vodafone India, are camping in Mumbai, finalising the contours of the deal.
- Brookfield joins race for Vodafone, Idea stakes in Indus TowersIndus is a three-way JV between Vodafone, Bharti Infratel and Idea. Voda and Bharti own 42% each while Idea owns 11.15%. US' Providence own...
- Race picks up to acquire Vodafone and Idea's towersThe bids come as Vodafone India and Idea, respectively the country’s second and third-largest mobile carriers, are reckoned to have started...
- Tower sale plan of Vodafone, Idea gathers steam ahead of mergerVodafone, the nation’s No. 2 mobile carrier, asked Morgan Stanley to zero in on a buyer while third largest Idea hired Bank of America-Merr...
- Vodafone puts off tower sale on Essar spatThe ongoing spat between JV partners Vodafone and Essar has resulted in the mobile operator deferring plans to sell its 7,000 towers across...
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