Vodafone Idea exits as India tower merger closes
Vodafone Idea cashed out of Indus Towers as the infrastructure unit completed a long-awaited merger with Bharti Infratel, though Bloomberg reported the move did less to ease the cash-strapped operator’s burden than headline figures suggest.
Vodafone Idea faces fresh funding obstacles
A Vodafone Idea plan to raise funds from the sale of its stake in a combined Indus Towers-Bharti Infratel entity to pay government dues ran into new obstacles, as outstanding approvals for the merger may not come fast enough.
Vodafone Idea facing tower fees claim
Bharti Infratel and Indus Towers, the largest tower company in India, claim Vodafone Idea owes them a total of INR45 billion ($632 million) for reducing the number of tenancies per site since its merger, The Economic Times (ET) reported.
India tower sector forecast to endure more pain
Consolidation in India’s telecoms sector is taking a heavy toll on tower companies in the country, which have seen co-locations drop sharply and revenue plummet, even as new towers are added, results from three tower companies showed.
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