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Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone

Business Standard LogoBusiness Standard6d ago

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone - Business Standard

Quick Summary:

According to the Telecom Regulatory Authority of India's (Trai) monthly subscriber report, the total telecom subscriber base increased by 0.16 per cent to 1,201.22 million at the end of April from 1,199.28 million in March 2024.

Meanwhile, Vodafone intends to use the proceeds from the stake sale to settle its dues to Indus Towers.

Meanwhile, after this sale, Vodafone will retain a 3.1 per cent shareholding in Indus Towers.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 15:24:29 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21365397

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 125 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone" was covered 6 days ago by Business Standard, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 125 news stories per day.

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  • URL: https://beamstart.com/news/bharti-airtel-in-talks-to-17192240685560

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