March 23, 2017 11:25 PM ET

Communications Equipment

Company Overview of Idea Cellular Infrastructure Services Ltd

Company Overview

Idea Cellular Infrastructure Services Ltd provides telecommunication tower infrastructure services in Bihar and Orissa. The company was incorporated in 2007 and is headquartered in Gandhinagar, India. Idea Cellular Infrastructure Services Ltd operates as a subsidiary of Idea Cellular Ltd.

Suman Tower

Plot No 18

Sector-11

Gandhinagar,  382011

India

Founded in 2007

Phone:

91 2712 6671 4000

Fax:

91 2712 2323 2251

Key Executives for Idea Cellular Infrastructure Services Ltd

Idea Cellular Infrastructure Services Ltd does not have any Key Executives recorded.

Idea Cellular Infrastructure Services Ltd Key Developments

Aditya Birla May Sell Stake In Multiple Businesses

Aditya Birla Management Corporation Pvt. Ltd. is looking to sell minority stake in multiple businesses including telecom towers, financial services, while completely exiting fertiliser and insulator companies. This is part of groups plan to merge Grasim and Aditya Birla Nuvo to unlock value in various businesses and sell businesses that do not fit into its long term plans. The group has already started consolidating its telecom towers businesses under Idea Cellular Infrastructure Services Ltd so as to sell stake in the company that owns 9,000 towers.

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 28, 2016
Idea Cellular Limited., Tower Infrastructure Undertaking
 

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