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Indus Towers Limited was founded in November 2007 by Bharti Infratel, Vodafone Essar, and Idea Cellular, with the goal of merging their passive infrastructure assets across 16 telecom circles. [11] It was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis. [ 12 ]
Bharti Infratel was the first Indian company to start a tower infrastructure sharing business. It was India's largest consolidated tower infrastructure company, directly owning 95,372 towers as on 31 March 2020. [1] Bharti Infratel was merged with Indus Towers on 19 November 2020. Bharti Airtel now holds a 36.73% stake in Indus Towers. [5]
Bharti Infratel merged with Indus Towers on 19 November 2020, creating one of the largest mobile tower infrastructure operators in the world. [10] Post-merger, Bharti Airtel holds a 36.73% stake in Indus Towers, with Vodafone Group holding 28.12%, [ 11 ] and 3.1% shares held by Providence Equity . [ 12 ]
The transmission towers are maintained by subsidiaries and joint venture companies of Bharti including Bharti Infratel (merged with Indus Towers) and Indus Towers in India. [10] Ericsson agreed for the first time to be paid by the minute for installation and maintenance of their equipment rather than being paid upfront, which allowed Airtel to ...
BSNL logo used until October 2024. Bharat Sanchar Nigam Limited is an Indian government enterprise and its history can be traced back to British India.The foundation of the telecommunications network in India was laid by the British sometime during the 19th century.
Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. . In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt
Sterlite Technologies Limited (formerly Sterlite Tech) [7] is an Indian optical and digital technology company, headquartered in Pune.It is listed on Bombay Stock Exchange and National Stock Exchange of India.
In June 2024, Vodafone Group sold an 18% stake in Indian company Indus Towers, raising $1.82 billion to reduce its debt. Initially planning to sell a 10% stake, strong investor demand led Vodafone to nearly double the sale. Bharti Airtel increased its stake in Indus to about 49% by purchasing around 1% of the shares. The sale generated 153 ...