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February 10, 2016 11:26 AM ET

Communications Equipment

Company Overview of Indus Towers Ltd.

Company Overview

Indus Towers Ltd. operates as a telecom tower company in India. The company 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. The company was founded in 2007 and is based in Gurgaon, India.

Building No. 10

Tower-A, 4th Floor, DLF Cyber City

Gurgaon,  122 002


Founded in 2007


91 12 4429 6766


91 12 4428 9333

Key Executives for Indus Towers Ltd.

Chief Executive Officer
Chief Operating Officer
Chief of Supply Chain Management
Chief of Internal Audit
Age: 43
Chief Technical Officer
Compensation as of Fiscal Year 2015.

Indus Towers Ltd. Key Developments

Indus Towers Announces Executive Changes

Indus Towers promoted the company's Chief Operating Officer (COO) Bimal Dayal to the Chief Executive Officer-Designate with an immediate effect. Dayal succeeds B.S. Shantharaju who has been with Indus Towers for over six years and will be retiring with effect from March, 31 2016. During the next six months, Shantharaju will smoothly transition Bimal to the new role. Dayal has been associated with Indus Towers since 2010 as the Chief Operating Officer (COO). Dayal brings with him 28 years of rich industry experience. His exposure spans from global majors like Ericsson and Qualcomm to Tata Telecom. In his capacity of Managing Director of Ericsson in Sri Lanka, he successfully steered the company to become the country's number one player in telecom infrastructure.

Providence Equity To Reportedly Offload Stake In Indus Towers

Providence Equity Partners LLC is looking to sell its 5% indirect holding in Indus Towers Ltd. by offloading its stake in Idea Cellular Ltd. (BSE:532822), Economic Times reported citing people familiar with the matter. Providence Equity Partners LLC has asked bankers to informally value the company. Idea Cellular Ltd. and Providence Equity Partners LLC declined to comment when contacted.

Reliance Jio Infocomm Limited and Indus Towers Sign Master Services Agreement

Reliance Jio Infocomm Limited and Indus Towers announced the signing of a Master Services Agreement (MSA) for tower infrastructure sharing. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure services being provided by Indus Towers to launch its services across the country. As per the agreement, the pricing would be based on prevailing market rates.

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