Wednesday, 06 July 2022

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…

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