Posted inIndia, South Asia

Vodafone India, Idea Cellular to sell tower units to ATC

India’s second largest telecom company Vodafone India and third largest Idea Cellular, which are in the middle of a proposed merger, have separately agreed to sell their standalone tower business to ATC Telecom Infrastructure Private Ltd for an enterprise value of Rs 78.5 billion (US$ 1.2 billion). Idea and Vodafone have a pan-Indian telecom tower […]

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