January 22, 2017 1:19 AM ET

Diversified Telecommunication Services

Company Overview of Indus Towers Limited

Company Overview

Indus Towers Limited constructs and operates telecom towers. It provides shared telecom infrastructure services to various telecom operators in the wireless space and other wireless service providers, such as broadband service providers. Its services also include sharing of its portfolio of telecom sites with related operations and maintenance services on the sites; new build up of customized sites suiting to customer requirement of BSC sites; and coordination with other backhaul providers for customer requirement. Indus Towers Limited was founded in 2007 and is based in Gurgaon, India.

Building No. 10

Tower-A

4th Floor

DLF Cyber City

Gurgaon,  122 002

India

Founded in 2007

Phone:

91 12 4429 6766

Fax:

91 12 4428 9333

Key Executives for Indus Towers Limited

Chief Executive Officer
Chief Financial Officer
Age: 48
Chief Operating Officer
Chief of Supply Chain Management
Chief of Internal Audit
Age: 44
Compensation as of Fiscal Year 2016.

Indus Towers Limited Key Developments

Idea Cellular Reportedly Planning To Sell Tower Arm

Idea Cellular Limited (NSEI:IDEA) is planning to sell its asset. According to the news report, the company plans to sell 100% stake in its in tower arm for $1 billion. People close to the matter told CNBC-TV18 that the company has put on block 100% stake in its tower arm, dropping its earlier plans to sell a minority stake in the business. They added that the company is looking to sell 11,000 telecom towers. Sourced added that Idea Cellular has reached out to American Tower Corporation (NYSE:AMT) (ATC), Bharti Infratel Limited (NSEI:INFRATEL), and Brookfield Asset Management Inc. (TSX:BAM.A) for tower sale. They added that it is likely to retain its stake in Indus Towers Limited. The report mentioned that Idea, ATC, Bharti Infratel declined to comment.

Idea Cellular Reportedly Seeks To Sell Stake In ICISL And Indus Towers

Idea Cellular Ltd. (NSEI:IDEA) is looking to divest a 49% stake in Idea Cellular Infrastructure Services Ltd (ICISL) and its entire holding in Indus Towers Ltd. The company has mandated Bank of America Merrill Lynch (BAML) to help in bringing in a new financial investor, said multiple sources aware of the ongoing discussions. Sources add a handful of global buyout funds, sovereign wealth funds and long-only pension funds have already been sounded out. Alternatively, sources add Birla may merge ICISL into Aditya Birla Telecom Limited to create a single entity that will hold 100% of Idea’s captive towers and 16% of Indus and then dilute a 49% stake to financial sponsors in that combo.

Indus Towers Appoints Tejinder Kalra as COO

Indus Towers has appointed Tejinder Kalra as the chief operating officer. Kalra joins Indus Towers from Nokia, where he was the global head for Bharti business in his last role.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 3, 2016
--
 

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