Knowledge (XXG)

Indus Towers

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29: 1563: 509:(US$ 450 million) as cash compensation for its 11.15% stake. Post-merger, Bharti Airtel received a 36.73% stake in the merged entity and Vodafone Group held a 28.12% stake. The remaining shares are held by private equity firm Providence Equity Partners (3.1%) and public shares (35.2%). The merger made Indus Towers the second largest telecom tower infrastructure operator in the world. 1611: 287: 264: 241: 218: 195: 1268: 482:
Bharti Infratel with Indus Towers. Under the terms of the agreement, Bharti Infratel will transfer 1,565 of its own shares for each Indus Towers share valuing the latter at $ 10 billion. Other major shareholders in Indus Towers such as Idea Cellular and Providence Equity Partners would be provided an
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Indus Towers Limited has over 192,874 towers and 342,831 co-locations and a nationwide presence covering all 22 telecom circles. It has the widest coverage in India and has already achieved 289,000 tenancies, a first in the telecom tower industry globally. Some of its major customers include Airtel,
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In 2017, reports suggested that Bharti Infratel was looking to acquire the 53% stake in Indus Towers, owned by Vodacom Group and Vodafone Idea. 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
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On 2024 June 19 UK’s Vodafone Group Plc said that it has sold an 18% stake.Out its 21.05% holding — in Indus Towers for Rs 15,300 crore. The stake sale proceeds will be used to clear bulk of the UK company’s existing lender dues relating to $ 1.8 billion of borrowings secured against its Indian
443:, with the goal of merging their passive infrastructure assets across 16 telecom circles. It was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis. Bharti Infratel held a 42% stake in the company, with 501:
approval and was due to be completed by 31 August. The merger was approved by Bharti Infratel’s board on 1 September, and by Vodafone Group in October 2020. The merger was completed on 19 November 2020. Vodafone Idea received
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option to cash out. Prior to the merger, shareholding in Indus Towers was Bharti Infratel (42%), Vodafone Group (42%), Idea Cellular (11.15%) and Providence Equity Partners (4.85%).
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The merger was originally planned to go through before October 2019. However, due to delays in approvals, it was postponed to December 2019 by when the
2456: 2301: 2627: 2471: 2039: 1577: 478:(Bharti Infratel's parent company), Vodafone Group, and Vodafone Idea announced on 25 April 2018 that they had signed an agreement to 210: 2261: 1592: 643: 2236: 1250: 487: 65: 2171: 2014: 1829: 1824: 2256: 1000: 2606: 2351: 2004: 491: 465: 1585: 1567: 1243: 365: 1719: 2391: 2054: 1839: 2576: 2436: 2069: 1859: 498: 2526: 1994: 586: 479: 403:
infrastructure operators in the world. Post-merger, Bharti Airtel holds a 36.73% stake in Indus Towers, with
2226: 2114: 1350: 369: 2637: 2426: 2049: 2044: 2019: 1919: 1864: 1804: 1714: 675: 2551: 2246: 2206: 2196: 2084: 56: 2074: 1699: 1654: 1437: 1390: 2581: 2561: 2401: 2331: 2221: 2064: 1844: 1834: 1789: 1754: 1500: 130: 1077:"Bharti Infratel-Indus Towers merger may finally go through: Here's what the deal could look like" 2541: 2511: 2491: 2376: 2286: 2176: 2149: 1949: 1924: 1759: 1279: 1271: 396:, to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis. 361: 313: 92: 1794: 851:"Bharti Infratel, Indus merger complete; VIL gets ₹3,760 cr in cash for 11.15% holding in Indus" 69: 2642: 2566: 2386: 2366: 2321: 2311: 2124: 1969: 1954: 1729: 1649: 1385: 1379: 1188: 903: 858: 800: 452: 420: 408: 319: 672:"Largest tower company in world outside China! Indus Towers, Bharti Infratel merger complete" 2521: 2381: 2356: 2201: 2191: 1889: 1689: 1659: 1355: 1052:"Bharti Infratel-Indus Towers merger likely to complete in the first quarter of next fiscal" 279: 826:"TERI and Indus Towers jointly ink MoU on developing innovative renewable energy solutions" 2481: 2476: 2341: 2296: 2291: 2139: 2134: 1531: 1510: 1472: 1370: 1360: 1294: 432: 399:
Bharti Infratel merged with Indus Towers on 19 November 2020, creating one of the largest
381: 102: 1819: 60: 976:"Vodafone India-Idea merger on fast track: Individual towers to be sold at the earliest" 722: 2556: 2536: 2516: 2431: 2421: 2276: 2129: 1939: 1934: 1546: 1375: 1300: 1001:"Merger of Bharti Infratel and Indus Towers: creating a listed pan-India tower company" 469: 436: 389: 490:(DoT) was supposed to give its permission. Owing to further delays by the DoT and the 2621: 2591: 2586: 2571: 2546: 2501: 2446: 2411: 2216: 2186: 2166: 2119: 2009: 1979: 1944: 1904: 1884: 1879: 1849: 1809: 1769: 1749: 1724: 1694: 1684: 1679: 1536: 1467: 1400: 1365: 1335: 1320: 1289: 475: 448: 440: 393: 385: 307: 47: 2506: 2496: 2306: 2271: 2231: 2211: 2181: 2094: 1814: 1664: 1541: 1515: 1505: 1345: 1340: 1104:"Lockdown delays Bharti Infratel-Indus Towers merger, deal postponed for 4th time" 2406: 2396: 2346: 2326: 2104: 2079: 1959: 1929: 1869: 1799: 1779: 1405: 1395: 1215:"Bharti Infratel ringing in a merger with Indus to create world's largest telco" 693:"Bharti Infratel, Indus Towers merger done; VIL sells Indus stake for ₹3,760 cr" 28: 925:"Bharti Infratel said to sound out banks to fund $ 8 billion Indus Towers deal" 2371: 2109: 1874: 1854: 1764: 1709: 1674: 1421: 233: 1192: 862: 804: 2466: 2336: 2316: 2281: 2029: 1784: 1744: 1739: 1669: 400: 1235: 768:"Indus Towers to invest Rs 100 crore to set up 500 new sites across India" 451:
holding 11.15%. The remaining 4.85% stake was held by private equity firm
2601: 2089: 1639: 726: 444: 404: 373: 135: 1267: 2441: 2266: 2251: 2099: 1999: 1774: 1734: 1477: 1442: 535: 377: 139: 1181:"Vodafone lenders approve merger of Indus Towers with Bharti Infratel" 2596: 2241: 2144: 2059: 2024: 1310: 1155:"Vodafone Idea to divest stake in Indus Towers after Infratel merger" 742:"Merger to give Vodafone, Idea edge in divesting Indus Towers stakes" 497:
The DoT approved the merger on 21 February 2020. The merger received
39: 2486: 2461: 1984: 1974: 1894: 1704: 1610: 1026:"India's Bharti Infratel, Indus merging to form $ 14.6 billion..." 256: 951:"Tower sale plan of Vodafone, Idea gathers steam ahead of merger" 2531: 2451: 1989: 1581: 1239: 561: 344: 1914: 1447: 416: 1129:"DOT approves merger of Indus Towers with Bharti Infratel" 494:
the deadline was extended multiple times to 24 June 2020.
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Companies listed on the National Stock Exchange of India
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and other wireless services providers. Headquartered in
618:"Bharti Infratel, Indus Towers complete merger process" 740:
Sengupta, Devina; Banerjee, Niharika (22 March 2017).
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Indus Towers Limited was founded in November 2007 by
380:, Indus Towers was incorporated in November 2007 by 1903: 1638: 1629: 1620: 1524: 1493: 1486: 1460: 1430: 1414: 1328: 1319: 1278: 339: 329: 300: 277: 254: 231: 208: 189: 170: 160: 150: 126: 108: 98: 88: 78: 45: 35: 723:"Indus Towers Q3 net profit up 2% at ₹1,360 crore" 793:"Indus raises Rs 10000 crore to pay off loans" 716: 714: 612: 610: 608: 2653:Companies listed on the Bombay Stock Exchange 1593: 1251: 949:Parbat, Kalyan; Kalesh, Baiju (1 July 2017). 885:"Infratel, Indus merge to form a tower giant" 8: 908:: CS1 maint: multiple names: authors list ( 883:Kundu, Navadha Pandey,Rhik (25 April 2018). 21: 1635: 1626: 1600: 1586: 1578: 1490: 1325: 1258: 1244: 1236: 20: 407:holding 28.12%, and 3.1% shares held by 364:infrastructure company offering passive 923:Alexander, George Smith (1 June 2017). 527: 16:Indian telecommunications tower company 901: 7: 2633:Indian companies established in 2007 766:Aulakh, Gulveen (29 November 2016). 687: 685: 1050:Sengupta, Devina (9 January 2019). 296:(US$ 3.2 billion) (2024) 273:(US$ 6.7 billion) (2024) 250:(US$ 720 million) (2024) 227:(US$ 970 million) (2024) 204:(US$ 3.5 billion) (2024) 14: 513:Vodafone Group sells 18% in Indus 1609: 1562: 1561: 1266: 1213:Gupta, Deepali; Barman, Arijit. 721:Guha, Ishita (28 January 2021). 488:Department of Telecommunications 286: 285: 263: 262: 240: 239: 217: 216: 194: 193: 27: 1: 492:National Company Law Tribunal 466:Bank of America Merrill Lynch 1468:Bharti Axa General Insurance 1102:Leo, Leroy (23 April 2020). 622:www.thehindubusinessline.com 2392:L&T Technology Services 182:Prachur Shah (MD & CEO) 114:; 16 years ago 2669: 2628:Companies based in Gurgaon 156:219,736 towers (FY24) 2437:Mazagon Dock Shipbuilders 1860:Tata Consultancy Services 1559: 499:foreign direct investment 26: 1995:Godrej Consumer Products 370:mobile network operators 644:"Annual Report 2023-24" 464:formal mandate to both 366:infrastructure services 2427:Max Financial Services 2050:Jio Financial Services 1920:Adani Energy Solutions 1865:Tata Consumer Products 459:Bharti Infratel merger 2207:Balkrishna Industries 2085:Samvardhana Motherson 830:The Financial Express 2172:Aditya Birla Fashion 1438:Europe India Gateway 1391:Airtel Payments Bank 857:. 20 November 2020. 799:. 20 November 2009. 587:"Board of Directors" 472:to finalize buyers. 358:Indus Towers Limited 22:Indus Towers Limited 2562:Tata Communications 2502:Piramal Enterprises 2402:LIC Housing Finance 2332:Hindustan Petroleum 2222:Bank of Maharashtra 1615:NIFTY 200 companies 1501:Kavin Bharti Mittal 678:. 20 November 2020. 331:Number of employees 179:N. Kumar (Chairman) 152:Number of locations 23: 2542:Supreme Industries 2512:Poonawalla Fincorp 2492:Persistent Systems 2377:Jubilant FoodWorks 2287:Dixon Technologies 2150:Zydus Lifesciences 1925:Adani Green Energy 1272:Bharti Enterprises 1219:The Economic Times 1187:. 5 October 2020. 1185:The Economic Times 1135:. 21 February 2020 1056:The Economic Times 955:The Economic Times 797:The Economic Times 772:The Economic Times 746:The Economic Times 699:. 19 November 2020 624:. 19 November 2020 445:Vodafone Group Plc 405:Vodafone Group Plc 362:telecommunications 314:Vodafone Group Plc 112:November 2007 93:Telecommunications 2615: 2614: 2607:Zee Entertainment 2567:Tata Technologies 2387:KPIT Technologies 2367:Ipca Laboratories 2322:Godrej Properties 2312:Fortis Healthcare 2162: 2161: 2158: 2157: 1970:Colgate-Palmolive 1650:Adani Enterprises 1575: 1574: 1555: 1554: 1456: 1455: 1386:Airtel digital TV 1380:Airtel Bangladesh 453:Providence Equity 409:Providence Equity 384:(a subsidiary of 355: 354: 335:3,554 (FY24) 320:Providence Equity 2660: 2577:Tube Investments 2517:Prestige Estates 2382:Kalyan Jewellers 2357:Indraprastha Gas 2202:Aurobindo Pharma 2015:ICICI Prudential 1720:Dr. Reddy's Labs 1690:Bharat Petroleum 1660:Apollo Hospitals 1636: 1627: 1614: 1613: 1602: 1595: 1588: 1579: 1565: 1564: 1491: 1356:Airtel Sri Lanka 1326: 1270: 1260: 1253: 1246: 1237: 1230: 1229: 1227: 1225: 1210: 1204: 1203: 1201: 1199: 1177: 1171: 1170: 1168: 1166: 1151: 1145: 1144: 1142: 1140: 1125: 1119: 1118: 1116: 1114: 1099: 1093: 1092: 1090: 1088: 1073: 1067: 1066: 1064: 1062: 1047: 1041: 1040: 1038: 1036: 1022: 1016: 1015: 1013: 1011: 997: 991: 990: 988: 986: 980:Business Insider 972: 966: 965: 963: 961: 946: 940: 939: 937: 935: 920: 914: 913: 907: 899: 897: 895: 880: 874: 873: 871: 869: 847: 841: 840: 838: 836: 822: 816: 815: 813: 811: 789: 783: 782: 780: 778: 763: 757: 756: 754: 752: 737: 731: 730: 718: 709: 708: 706: 704: 689: 680: 679: 668: 662: 661: 659: 657: 648: 640: 634: 633: 631: 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1352: 1349: 1347: 1344: 1342: 1339: 1337: 1336:Airtel Africa 1334: 1333: 1331: 1327: 1324: 1322: 1321:Bharti Airtel 1318: 1312: 1309: 1307: 1304: 1302: 1299: 1296: 1293: 1291: 1290:Bharti Realty 1288: 1287: 1285: 1283: 1277: 1273: 1269: 1261: 1256: 1254: 1249: 1247: 1242: 1241: 1238: 1220: 1216: 1209: 1206: 1194: 1190: 1186: 1182: 1176: 1173: 1160: 1156: 1150: 1147: 1134: 1133:Deccan Herald 1130: 1124: 1121: 1109: 1105: 1098: 1095: 1082: 1078: 1072: 1069: 1057: 1053: 1046: 1043: 1030: 1027: 1021: 1018: 1006: 1002: 996: 993: 981: 977: 971: 968: 956: 952: 945: 942: 930: 929:livemint.com/ 926: 919: 916: 911: 905: 890: 886: 879: 876: 864: 860: 856: 852: 846: 843: 831: 827: 821: 818: 806: 802: 798: 794: 788: 785: 773: 769: 762: 759: 747: 743: 736: 733: 728: 724: 717: 715: 711: 698: 694: 688: 686: 682: 677: 673: 667: 664: 652: 645: 639: 636: 623: 619: 613: 611: 609: 605: 592: 588: 582: 579: 567: 563: 557: 554: 541: 537: 531: 528: 521: 519: 512: 510: 507:3,760.1 crore 500: 495: 493: 489: 484: 481: 477: 476:Bharti Airtel 473: 471: 467: 458: 456: 454: 450: 449:Vodafone Idea 446: 442: 441:Idea Cellular 438: 434: 426: 424: 422: 418: 412: 410: 406: 402: 397: 395: 394:Idea Cellular 391: 387: 386:Bharti Airtel 383: 379: 375: 371: 367: 363: 360:is an Indian 359: 350: 342: 338: 334: 328: 321: 318: 315: 312: 309: 308:Bharti Airtel 306: 305: 303: 299: 284: 281: 276: 261: 258: 253: 238: 235: 230: 215: 212: 207: 192: 188: 181: 178: 177: 175: 169: 165: 159: 155: 149: 141: 137: 132: 129: 125: 111: 107: 104: 101: 97: 94: 91: 87: 83: 81: 77: 71: 67: 64: 62: 58: 55: 54: 52: 49: 44: 41: 38: 34: 30: 25: 19: 2507:Policybazaar 2497:Petronet LNG 2362:Indus Towers 2361: 2317:GMR Airports 2307:Federal Bank 2232:Bharat Forge 2212:Bandhan Bank 2182:Apollo Tyres 2095:Shree Cement 2045:Jindal Steel 1665:Asian Paints 1566: 1542:Gopal Vittal 1516:Sunil Mittal 1506:Rajan Mittal 1346:Airtel Kenya 1341:Airtel India 1306:Indus Towers 1305: 1222:. 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Retrieved 540:Indus Towers 539: 536:"Contact Us" 530: 516: 496: 485: 474: 462: 430: 413: 401:mobile tower 398: 357: 356: 347:.industowers 294:27,038 crore 280:Total equity 271:55,867 crore 257:Total assets 202:28,961 crore 127:Headquarters 84:INE121J01017 36:Company type 18: 2397:Laurus Labs 2347:Indian Bank 2327:Gujarat Gas 1960:Canara Bank 1930:Adani Power 1870:Tata Motors 1800:LTIMindtree 1715:Divi's Labs 1655:Adani Ports 1406:Tata Docomo 1396:Airtel Zero 1282:Enterprises 1161:. July 2020 562:"Home page" 248:6,036 crore 225:8,122 crore 162:Area served 99:Predecessor 2622:Categories 2582:Union Bank 2472:Oracle FSS 2372:JSW Energy 2177:Alkem Labs 2125:TVS Motors 2110:Tata Power 2020:Indian Oil 1875:Tata Steel 1855:Sun Pharma 1830:Power Grid 1765:ICICI Bank 1710:Coal India 1675:Bajaj Auto 1422:Wynk Music 522:References 234:Net income 172:Key people 70:INDUSTOWER 2467:Oil India 2337:IDBI Bank 2282:Delhivery 2030:Info Edge 1915:ABB India 1890:UltraTech 1785:JSW Steel 1745:HDFC Life 1740:HDFC Bank 1700:Britannia 1670:Axis Bank 1193:0013-0389 863:0971-751X 855:The Hindu 805:0013-0389 48:Traded as 2643:Vodafone 2602:Yes Bank 2262:CG Power 2090:SBI Card 2065:Pidilite 1840:SBI Life 1835:Reliance 1755:Hindalco 1568:Category 1329:Consumer 1113:8 August 1108:Livemint 1061:29 March 1035:29 March 904:cite web 727:Livemint 656:30 April 518:assets. 374:Gurugram 310:(48.95%) 136:Gurugram 89:Industry 2552:Syngene 2442:Mphasis 2297:Escorts 2252:Coforge 2140:Vedanta 2000:Havells 1907:Next 50 1805:M&M 1795:L&T 1775:Infosys 1735:HCLTech 1478:Easyday 1443:I-ME-WE 1415:Digital 1224:23 July 1029:Reuters 985:25 July 960:25 July 934:25 July 835:25 July 777:25 July 751:25 July 427:History 378:Haryana 340:Website 190:Revenue 140:Haryana 119:2007-11 117: ( 109:Founded 68::  59::  2597:Voltas 2547:Suzlon 2537:Sun TV 2242:Biocon 2197:AU SFB 2192:Astral 2145:Zomato 2060:Marico 2025:IndiGo 1905:NIFTY 1820:Nestlé 1730:Grasim 1725:Eicher 1640:NIFTY 1630:NIFTY 1621:NIFTY 1525:Others 1487:People 1311:OneWeb 1280:Bharti 1198:21 May 1191:  1165:1 July 1139:21 May 1087:1 July 1010:21 May 894:21 May 868:21 May 861:  810:21 May 803:  703:21 May 628:21 May 597:21 May 571:21 May 546:21 May 439:, and 392:, and 322:(3.1%) 316:(3.1%) 301:Owners 61:534816 40:Public 2487:Paytm 2462:Nykaa 2412:Lupin 2407:Lodha 2120:Trent 2035:IRCTC 1985:DMart 1975:Dabur 1955:Bosch 1895:Wipro 1885:Titan 1705:Cipla 1297:India 647:(PDF) 480:merge 166:India 145:India 2532:SJVN 2527:SAIL 2522:RVNL 2457:NMDC 2452:NHPC 2302:FACT 2237:BHEL 2040:IRFC 1990:GAIL 1825:ONGC 1815:NTPC 1376:Robi 1226:2020 1200:2023 1189:ISSN 1167:2020 1141:2023 1115:2020 1089:2020 1063:2019 1037:2019 1012:2023 987:2017 962:2017 936:2017 910:link 896:2023 889:mint 870:2023 859:ISSN 837:2017 812:2023 801:ISSN 779:2017 753:2017 705:2023 697:mint 658:2024 630:2023 599:2023 573:2023 548:2023 468:and 419:and 349:.com 80:ISIN 2587:UPL 2447:MRF 2247:BSE 2167:ACC 2105:SRF 2080:REC 2075:PNB 2055:LIC 2005:HAL 1980:DLF 1950:BEL 1845:SBI 1780:ITC 1760:HUL 1632:100 1623:200 1448:I2i 417:Jio 388:), 368:to 345:www 66:NSE 57:BSE 2624:: 1642:50 1217:. 1183:. 1157:. 1131:. 1106:. 1079:. 1054:. 1003:. 978:. 953:. 927:. 906:}} 902:{{ 887:. 853:. 828:. 795:. 770:. 744:. 725:. 713:^ 695:. 684:^ 674:. 649:. 620:. 607:^ 589:. 564:. 538:. 455:. 435:, 423:. 421:Vi 411:. 376:, 143:, 138:, 133:, 1601:e 1594:t 1587:v 1382:) 1378:( 1259:e 1252:t 1245:v 1228:. 1202:. 1169:. 1143:. 1117:. 1091:. 1065:. 1039:. 1014:. 989:. 964:. 938:. 912:) 898:. 872:. 839:. 814:. 781:. 755:. 729:. 707:. 660:. 632:. 601:. 575:. 550:. 505:₹ 292:₹ 269:₹ 246:₹ 223:₹ 200:₹ 121:)

Index

Logo of Indus Towers
Public
Traded as
BSE
534816
NSE
INDUSTOWER
ISIN
Telecommunications
Bharti Infratel
DLF Cyber City
Gurugram
Haryana
Operating income
Net income
Total assets
Total equity
Bharti Airtel
Vodafone Group Plc
Providence Equity
www.industowers.com
telecommunications
infrastructure services
mobile network operators
Gurugram
Haryana
Bharti Infratel
Bharti Airtel
Vodafone Essar
Idea Cellular

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