Yashvardhan Jain
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“Bharti Airtel (“Airtel”) has entered into an agreement with Vodafone to buy 4.7
% equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea (Vi) and simultaneously remitted to Indus Towers to clear Vi outstanding dues,” the Suni Mittal led telco said in an official statement
% equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea (Vi) and simultaneously remitted to Indus Towers to clear Vi outstanding dues,” the Suni Mittal led telco said in an official statement
Airtel to buy Vodafone’s 4.7% Indus stake in all-cash deal - ET Telecom
Airtel, which already held a 41.7% stake in the tower company, did not share financial terms in its news release, but said the purchase “would be at an attractive price, representing a significant discount, typically, available for such large block transactions”.
telecom.economictimes.indiatimes.com