Indus Towers
Indus Towers News
Bharti Infratel Q4 net profit at Rs 650 cr; company extends Indus Towers merger deadline by 2 months
Telecom infrastructure firm Bharti Infratel on Thursday reported a 7 percent increase in consolidated net profit for the March quarter at Rs 650 crore
Bharti Infratel extends deadline for merger with Indus Towers by two months
Bharti Infratel on Monday extended the deadline for its merger with Indus Towers by two more months to 24 April, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact
AGR dues: 'We have sought 10 years to make payment on principal with a 2-year moratarium', says Vodafone CEO
Vodafone in November wrote off the carrying value of its share in the loss-making joint venture
Bharti Infratel, Indus Towers extend deadline for merger to 24 February next year in absence of necessary govt approvals
In October this year, Bharti Infratel had extended the deadline for merger by two months to December 24 as regulatory uncertainty loomed over the deal.
Bharti Infra sets 24 December deadline for merger with Indus Towers; delay to result in lower payment to Vodafone Idea
In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China
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'Bharti Infratel, Indus Towers merger expected to be completed by August'
Last year, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for merger of Indus Towers and Bharti Infrate
Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale
Post the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19, subject to statutory approvals.
Bharti Infratel settles tower exits with 4 operators for about Rs 3,800 cr; third quarter records highest gross tower
Bharti Infratel chairman Akhil Gupta during the company's earnings call said that all the charges with Airtel, Tata, Telenor, Vodafone Idea have been settled for all exits that were received up to 30 November, 2018.
Vodafone Idea plans to invest Rs 27,000 crore in FY20; debt-ridden firm advances merger to 2021
Vodafone Idea estimates that sale of 11.15 percent stake in Indus Towers can realise Rs 5,000 crore, which it will use in lowering debt.
Bharti Infratel to take annual hit of Rs 780 cr from Vodafone-Idea exit; revenue impact to be mitigated by exit charges
Bharti Infratel and Vodafone own around 42 percent stake each in Indus Towers and rest of the stake is held by Aditya Birla group firm Idea Cellular.
Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key
In a sense, the Idea-Vodafone merger was a forced marriage of convenience because Jio hit the market when the UK-based giant was planning its own Indian IPO (initial public offering), and the merger was seen as a backdoor way for Vodafone to get listed
Vodafone's Q1 revenue down 22% on intense competition; company to complete Idea merger by August
Vodafone said the service revenues, excluding the impact of the mobile termination rate cuts, declined by 9.6 per cent for the reporting quarter.
Bharti Infratel, Indus Tower merger deal gets SEBI nod, to approach NCLT for approval
In April this year, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China.
Bharti Airtel may face rating downgrade in 6-12 months if intense competition decreases its margins, says Moody's
Telecom major Bharti Airtel may face a rating downgrade in next 6-12 months if intense competition remains in the market and decreases its margins
Price competition in Indian telecom market expected to ease beyond short-term: Fitch
The combination of Bharti Infratel with Indus Towers, announced on Wednesday, reflected the "fierce price competition" in the Indian telecom market that has prompted consolidation and incumbents to sell assets to raise funds, Fitch said
Bharti Airtel shares gain over 3% on Q4 earnings, tower biz merger; market cap rises by Rs 5,477 cr
Bharti Airtel was the top gainer on Sensex and Nifty during the day
Bharti Airtel says will evaluate strategic stake sale in new mobile tower company after merger
Airtel, Idea Cellular and Vodafone Group announced the merger of Indus Towers and Bharti Infratel to create a mobile tower juggernaut.
Indus Towers, Bharti Infratel to merge; new entity will be largest mobile tower operator outside China
Post the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19, subject to statutory approvals.
Idea Cellular to raise Rs 3,250 cr from promoter group; will mull options for additional Rs 3,500 cr funding
Idea Cellular board on Thursday approved raising about Rs 3,250 crore from the entities under the promoter Aditya Birla Group by issuing 32.66 crore equity shares on a preferential basis