Indus Towers
Supreme Court Ruling Boosts Indus Towers Shares by Over 3%
Indus Towers’ shares rose by over 3% after a significant Supreme Court ruling in the company’s favor. The court granted telecom and tower companies, including Indus Towers, Vodafone, and Bharti Airtel, the right to claim Central Value-Added Tax (Cenvat) credits on duties paid for key infrastructure components, such as tower parts and shelters. This decision […]
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Vodafone Executives Exit Indus Towers Board Following Bharti Airtel’s Majority Stake Acquisition
Executives from the UK’s Vodafone Group PLC, who served as non-executive directors on the board of Indus Towers, have resigned following Bharti Airtel’s increase in its stake to over 50 percent in the tower company. With the increased stake, Indus Towers is set to become a subsidiary of Bharti Airtel. Vodafone Executives Step Down from […]
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Top 5 Telecom Infrastructure Companies Assisting India’s Digital Revolution
Over the last decade, India has made significant strides in digital connectivity and local manufacturing, driven by ambitious policy reforms aimed at establishing the country as a global digital leader. As a result, India has become the third-largest digital economy in the world, following the US and China. Telecommunications infrastructure has been the backbone of […]
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Airtel Buys Majority of Stake in Indus Towers
Bharmonti Airtel is set to acquire a majority 50.005% stake in Indus Towers upon completion of its share buyback process. If all necessary steps, including payments to eligible shareholders and the cancellation of equity shares, are completed within the timeline specified in the Letter of Offer, Bharti Airtel’s ownership in Indus Towers will increase to […]
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Indus Towers Expanding Rural Infrastructure to Bridge Digital Divide
Indus Towers, a leading telecom tower infrastructure company in India, is increasing its investments in the rural areas of the country. This effort aims to bridge the digital divide that the Indian government is keen to address promptly. According to a recent release, Indus reported that over 60% of its towers were installed in rural […]
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Bharti Airtel Acquires More 1% Stake in Indus Towers
Bharti Airtel, India’s second-largest telecom operator, has increased its stake in Indus Towers by acquiring an additional 1%. This acquisition occurred as Vodafone UK offloaded an 18% stake in the telecom infrastructure company. Prior to this, Airtel held a 47.95% stake in Indus Towers, which has now risen to 48.95%, making it the largest stakeholder. […]
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Vodafone Idea Dues to Indus Towers: Vodafone to Sell 10% Stake to Repay Debt
Vodafone Group plans to sell about 10% of its stake in Indus Towers for up to $1.1 billion as part of the British firm’s efforts to repay its debt. Vodafone will sell roughly 268 million shares in Indus Towers through stock market block deals in Mumbai, priced between 310 rupees ($5.02) and 341 rupees per […]
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Vodafone Idea Dues to Indus Towers, Will Sell Entire Indus Towers Stake
According to sources familiar with the matter, reported on June 14 that Vodafone Group is considering selling its entire $2.3 billion stake in Indus Towers, a mobile-tower operator, through block deals next week. Vodafone holds a 21.5% stake in Indus Towers through various group entities. The report indicated that the final transaction size might be […]
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Vodafone Idea Required to Settle Dues with Indus Towers for New Services: Report
Vodafone Idea (Vi), the country’s third-largest telecom operator, must clear its outstanding dues with Indus Towers to roll out new services. Vi plans to launch 5G soon, leveraging Indus Towers’ infrastructure. Recently, Vi raised funds through equity, improving its ability to settle these debts. According to an ET report, Sunil Bharti Mittal, Chairman of Bharti […]
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Hi-COM and Indus Towers Joint Hands for Telecom Expansion
Hi-COM Network Private Limited, a prominent internet service provider, has announced a strategic collaboration with Indus Towers Limited, the world’s largest telecom tower company, aimed at enhancing telecommunications infrastructure and advancing sustainability initiatives. Indus Towers Limited, resulting from the merger of Bharti Infratel Limited and Indus Towers, has played a crucial role in providing robust […]
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