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Telecom infrastructure company Indus Towers (Indus) will acquire mobile sites of Bharti Airtel Limited and Bharti Hexacom Limited for Rs 3,308.7 crore, the company said in a regulatory filing. The boards of Bharti Airtel and Bharti Hexacom have approved the sale/transfer of approximately 12,700 telecom towers and 3,400 telecom towers for Rs 2,147.6 crore and Rs 1,134 crore, respectively. The deal excludes the transfer of sites installed under Universal Service Obligation Fund (USOF) projects.
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Telecom infrastructure company Indus Towers (Indus) will acquire mobile sites of Bharti Airtel Limited and Bharti Hexacom Limited for Rs 3,308.7 crore, the company said in a regulatory filing. The boards of Bharti Airtel and Bharti Hexacom have approved the sale/transfer of approximately 12,700 telecom towers and 3,400 telecom towers for Rs 2,147.6 crore and Rs 1,134 crore, respectively. The deal excludes the transfer of sites installed under Universal Service Obligation Fund (USOF) projects.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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