Indus Towers Limited is an independently managed company offering passive infrastructure services to telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2006, Indus Towers Limited has been promoted under a joint venture between entities of

Bharti Group Bharti Enterprises is an Indian multinational conglomerate, headquartered in Delhi. It was founded in 1976 by Sunil Mittal. Bharti Enterprises owns businesses spanning across manufacturing, telecommunications, agribusiness, real estate, hos ...

including

Bharti Infratel Bharti Infratel Limited is a Telecommunications in India, telecommunications infrastructure company which provides telecom infrastructure such as telecom towers fiber networks and other related infrastructure to Bharti Airtel and other telecomm ...

(rendering telecom and tower infrastructure services in India under the brand name Airtel and Bharti Infratel Limited respectively) and Vi (rendering telecom services under the brand name

Vodafone Vodafone Group Public limited company, plc () is a British Multinational corporation, multinational Telephone company, telecommunications company. Its registered office and Headquarters, global headquarters are in Newbury, Berkshire, England. It ...

and

Idea In common usage and in philosophy, ideas are the results of thought. Also in philosophy, ideas can also be mental representational images of some object. Many philosophers have considered ideas to be a fundamental ontological category of being ...

) to render passive infrastructure services to telecom service providers. Indus Towers Limited has over 175,000 towers and 319,100 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. Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus Towers one of the largest telecom tower companies in the world. Some of its major customers are Airtel, Bharti Hexacom, Jio and Vi.

History

Indus Towers Limited was founded in November 2006. It was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.

Merger with Bharti Infratel

In 2017, reports suggested that

, 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 BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading plat ...

and

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

to finalize buyers. On 25 April 2018, Bharti Infratel and Vodafone Group issued a joint statement announcing the merger of Bharti Infratel and Indus Towers to create the second largest telecom tower company in the world. 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 option to cash out.

Bharti Airtel Bharti Airtel Limited, commonly known as (d/b/a) Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, ...

, the parent company of

, will hold the largest stake in the newly merged entity. 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%).

Website

The website industowers.com attracted 4,82,429 users in the year 2019. Indus Towers website allow users to register their land for mobile tower installation.

Key people

Bimal Dayal is the current CEO of Indus Towers Limited.

References

{{Nifty 200 companies Companies based in Gurgaon Indian companies established in 2007 Bharti Airtel Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange