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Indus Towers

Bharti Airtel Approved by CCI to Raise Indus Tower Stake Above 50%

In Short:The Competition Commission of India (CCI) approved Bharti Airtel's plan to increase its stake in Indus Towers to over 50% after a share...

Bankers Reassess Vodafone Idea Loans After SC Rejects AGR Dues Appeal

In Short:The Supreme Court's rejection of Vodafone-Idea's request for a review has made banks hesitant to lend to the struggling telecom. The company owes...

Brookfield Completes ATC India Acquisition, Surpassing Indus as Top Tower Firm

In Short:Data Infrastructure Trust (DIT), backed by Canada’s Brookfield Asset Management, has acquired American Tower Corp’s India unit, ATC India, for $2.2 billion. This...

Indus Towers faces prolonged stabilization of trade receivables

In Short:Vodafone Idea has raised their prices. Indus Towers is waiting for Vodafone Idea to clear their overdue payments to stabilize their trade receivables....

Indus aims for robust tower growth on Vodafone Idea and Airtel expansion plans

In Short:Indus Towers in Kolkata is expecting strong growth in business in FY25 with the expansion plans of its top two telco customers, Bharti...

Indus Towers enables Vodafone to sell 18% stake in tower company

In Short:Indus Towers released the pledge on shares held by Vodafone Group, allowing Vodafone to sell 18% stake for Rs 15,300 crore. Indus released...

Vodafone Group sells 18% stake in Indus for Rs 15,300 crore

In Short:UK's Vodafone Group Plc sold an 18% stake in Indus Towers for Rs 15,300 crore to repay lenders. Vodafone now holds 3.1% stake...

Bharti Airtel acquires additional 1% stake in Indus, now holding almost 49% in towerco

In Short:Bharti Airtel has increased its stake in Indus Towers by acquiring another 1%, bringing its ownership to 48.95%. Airtel is inching closer to...

Vodafone PLC set to sell 9.9% stake in Indus Towers through block deals

In Short:UK-based telecom operator Vodafone PLC is selling a 9.94% stake in Indus Towers through block deals valued at up to $1.09 billion. Vodafone...

Indus Towers seeks to recover Rs 60 cr owed by Vodafone Idea in Q4

In Short:Indus Towers received Rs 360 crore from Vodafone Idea towards old dues, but its trade receivables increased by Rs 430 crore. Despite part-clearance...

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