Tuesday, 22 August 2017

Idea eyes two towers sales ahead of Voda tie-up

By Total Telecom staff
Tuesday 07 February 17

Indian mobile operator in talks to exit Indus Towers, says towers consolidation plan on ice.

Idea Cellular is working on two transactions to rid itself of its telecoms towers businesses ahead of a possible merger deal with rival Vodafone, it emerged this week. The Indian mobile operator is looking to offload its 16% stake in Indus Towers to one of its joint venture partners Bharti Infratel and is also pushing ahead with the sale of towers held by its Idea Cellular Infrastructure Services (ICIS) unit…

Idea Cellular is working on two transactions to rid itself of its telecoms towers businesses ahead of a possible merger deal with rival Vodafone, it emerged this week. The Indian mobile operator is looking to offload its 16% stake in Indus Towers to one of its joint venture partners Bharti Infratel and is also pushing ahead with the sale of towers held by its Idea Cellular Infrastructure Services (ICIS) unit…

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