Bharti Infratel is eyeing the acquisition of Vodafone and Idea towers in India. Sources suggest that the telecom major is in initial talks with both the companies for part or complete buyout while exploring various fundraising options. Currently, Vodafone has 25,000 towers in India whereas Idea has 9,400 towers. However, valuation of towers is yet to be assessed. Bharti Infratel has a cash flow of over Rs 2,000 crore but will need to raise capital to buyout towers.
No comments:
Post a Comment