Indus Towers - New Tower company

Indus Towers is the new tower company which is to be started as a seperate entity in which Bharti Infratel, Vodafone Essar and Idea Cellular will be part. Indus Towers Limited will be an independent company which would provide infrastructure services to all the telecom operators. The company will initially have around 70,000 sites to start off with and in the coming years will install more towers which can be used by all the three telecom companies which would reduce the cost of operations. Bharti and Vodafone will own around 42 per cent stake and 16 per cent will be owned by Idea Cellular Limited. Indus Towers Limited will bring more value to the parent companies in the coming years.