Tower tie-up of cell giants
These mobile services firms have formed an independent company to share 70,000 tower units in India, to help operators save costs and capital, reports Archana Khatri.india Updated: Dec 09, 2007 01:42 IST
Bharti Infratel, Idea Cellular and Vodafone Essar have formed an independently managed and operated tower company called Indus Towers.
The company, with a capacity to have multiple tenants, will take care of the passive infrastructure services — meaning non-electronic components of a cell site — of the three operators. It will offer services to other telecom operators, as well as broadcasters and broadband services providers. Of the three, Bharti Infratel is a subsidiary of Bharti Airtel, a cellular service provider.
“Bharti and Vodafone Essar will own approximately 42 per cent each and Idea will own the remaining 16 per cent stake in Indus Towers,” a press release said.