Indus Towers is an independently managed company offering passive infrastructure services to all telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2007, Indus Towers Limited has been promoted under a joint venture between entities of Bharti Group including Bharti Infratel Limited (rendering telecom and tower infrastructure services in India under the brand name Airtel and Bharti Infratel Limited respectively), Vodafone India (rendering telecom services under the brand name Vodafone) and Aditya Birla Telecom (rendering telecom services under the brand name Idea), to render passive infrastructure services to telecom service providers.
With 122,730 towers in 15 circles across the country, Indus has the widest coverage in India and has already achieved 288,013 tenancies, a first in the telecom tower industry globally.
Indus Towers was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.
In 2016, Indus Towers released their 'Smart Cities' vision. A program to create over 30,000 small, smart cell sites by 2020. In 2017, reports suggested that Bharti Infratel, who already owns 42% of Indus Towers, was looking to acquire the 53% stake in Indus Towers, currently owned by Vodacom Group Plc. However, in July, the head of Vodafone stated that they were "actively considering" a float of their stake in Indus Towers. Vodafone went on to deliver a formal mandate to both Bank of America-Merrill Lynch and Morgan Stanley to finalize buyers.
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Source of the article : Wikipedia
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