June 18, 2018 8:03 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

Indus Towers Limited Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018

Indus Towers Limited reported audited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported revenue of INR 19,896 million against INR 19,161 million a year ago. EBITDA was INR 8,104 million against INR 8,096 million a year ago. EBIT was INR 5,246 million against INR 5,311 million a year ago. Profit before tax was INR 5,076 million against INR 5,018 million a year ago. Profit after tax was INR 3,287 million against INR 3,274 million a year ago. Capex was INR 3,038 million against INR 3,242 million a year ago. Operating free cash flow was INR 5,013 million against INR 4,793 million a year ago. Adjusted fund from operations was INR 7,137 million against INR 7,531 million a year ago. For the year, the company reported revenue of INR 78,718 million against INR 73,423 million a year ago. EBITDA was INR 32,407 million against INR 30,895 million a year ago. EBIT was INR 20,569 million against INR 19,749 million a year ago. Profit before tax was INR 19,995 million against INR 18,365 million a year ago. Profit after tax was INR 13,025 million against INR 11,950 million a year ago. Capex was INR 10,387 million against INR 11,980 million a year ago. Operating free cash flow was INR 21,832 million against INR 18,712 million a year ago. Adjusted fund from operations was INR 30,060 million against INR 28,575 million a year ago.

Vodafone To Reportedly Sell Stake In Indus Towers

Vodafone Group Plc (LSE:VOD) is in talks to sell its stake in Indus Towers Limited. Vodafone is in the final stages of talks to sell its entire 42% stake in Indus Towers for approximately $5 billion. This will raise Bharti Airtel Limited (BSE:532454)’s stake to 42% through a share-swap deal, according to media reports. This step is also expected to revive investor interest in Bharti Infratel, two sources familiar with ongoing discussions were cited as saying by Economic Times.

Eleven Bidders For Submits Expression Of Interests For Acquiring Reliance Infratel

Several domestic and international tower companies, telecom operators and global private equity (PE) majors have submitted expressions of interest for acquiring Reliance Infratel Limited. There have been 11 bidders for the firm including Indus Towers Limited, Brookfield Infrastructure Partners L.P. (NYSE:BIP), The Carlyle Group L.P. (NasdaqGS:CG), ATC, Bharti Infratel Limited (NSEI:INFRATEL), Reliance Jio Infocomm Limited, TPG Capital, L.P., I Squared Capital Advisors, LLC and Gateway Partners Limited.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 25, 2018
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