M&A

M&A

Indus to buy 16,100 telecom towers from Airtel and Hexacom for Rs.3,309-Cr

Economic Times  

Indus Towers will be acquiring 16,100 telecom towers from Bharti Airtel and Bharti Hexacom for INR 3,308.7 crore in a cash deal. As part of the transaction, Bharti Airtel will sell 12,700 towers while Bharti Hexacom will sell 3,400 towers.The company has a pan-India presence with 234,643 towers and 386,819 co-locations as on December 31, 2024.