Vodafone looks to offload stake in India’s largest towerco to prop up Vi
by Harry Baldock, Total Telecom
Thursday 24 February 22
The entire 28.1% stake is estimated to be valued at around $2.5 billion
Vodafone has this week confirmed that it has launched an initial sale of 63.6 million shares, equivalent to a roughly 2.4% stake, in India’s largest tower company, Indus Towers.
At the same time, Indian media claimed that Vodafone was also in advanced discussions to sell a further 4.7% stake, with sources suggesting that the potential buyer is likely Bharti Airtel.
Indus Towers, previously known as Bharti Infratel, has almost 180,000 towers across India and plays an integral role in the nation&rsquo…
Vodafone has this week confirmed that it has launched an initial sale of 63.6 million shares, equivalent to a roughly 2.4% stake, in India’s largest tower company, Indus Towers.
At the same time, Indian media claimed that Vodafone was also in advanced discussions to sell a further 4.7% stake, with sources suggesting that the potential buyer is likely Bharti Airtel.
Indus Towers, previously known as Bharti Infratel, has almost 180,000 towers across India and plays an integral role in the nation&rsquo…
TT PREMIUM CONTENT
If you are a subscriber login here
To access premium content you need to upgrade your account. To find out more click here
We are having trouble showing you adverts on this page, which may be a result of ad blocker software being installed on your device. To view the article please disable any ad blocking software