August 19, 2017 7:58 PM 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: 49
Chief Operating Officer
Chief of Supply Chain Management
Chief of Internal Audit
Age: 45
Compensation as of Fiscal Year 2017.

Indus Towers Limited Key Developments

Idea Cellular To Monetize Its Tower Assets

Idea Cellular Limited (NSEI:IDEA)'s Managing Director Himanshu Kapania recently disclosed that the company is seeking multiple options in order to monetize its tower assets. Such options might include an Initial Public Offering for its stake in Indus Towers Limited.

Vodafone To Reportedly Sell Stake In Indus Towers

Vodafone India Limited has reportedly roped in Morgan Stanley so as to find a buyer for tis 42% stake in Indus Towers Limited.

KKR About To Acquire Indus Towers

A consortium led by KKR and Co. L.P. (NYSE:KKR) has approached sovereign funds about joining a potential deal to take over Indus Towers Limited, which could value India's largest wireless infrastructure company at more than $12 billion, people with knowledge of the matter said. KKR and Canadian Pension Plan Investment Board are weighing a two-part transaction that would see them gain control of Indus Towers, according to the people, who asked not to be identified because the information is private. The investors are seeking financial partners to participate in the deal and have reached out to sovereign funds including Abu Dhabi Investment Authority and Norway's wealth fund, the people said. Under the plan being considered, the investor group would first boost its stake in Bharti Infratel Ltd (NSEI:INFRATEL) which owns 42% of Indus Towers, according to the people. The KKR consortium could face competition from Canadian alternative asset manager Bharti Infratel Limited (NSEI:INFRATEL), which also plans to consider an offer for a controlling stake in Indus Towers once a formal sale process begins, the people said. Deliberations are at an early stage, and the structure of the potential deal could change, the people said. Vodafone Group Plc (LSE:VOD) is planning to seek a buyer for its 42% stake in Indus Towers, while Indian operator Idea Cellular will separately offer its 11% stake for sale, the people said. The assets may be sold to a single buyer to get a better price, the people said.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 3, 2016
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