Indus Towers
Encyclopedia
Indus Towers is an India
n joint venture
telecom tower company incorporated in November 2007. It is owned by Vodafone Essar
(42%), Bharti Group (42%) and Aditya Birla Telecom Limited (16%). Bharti group offers telecom services in India
under the name Airtel and Aditya Birla offers its services under the name of Idea cellular
. Indus Towers has opeartions in 16 out of the 22 telecom circles of India and owns more than 110,000 towers with 200,000 tenants. It plans to add 5,000 new towers every year till 2015 and expects to have $ 2 billion in revenues in FY 2011-2012 .
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
telecom tower company incorporated in November 2007. It is owned by Vodafone Essar
Vodafone Essar
Vodafone Essar, formerly Hutchison Essar, is a cellular operator in India that covers 23 telecom circles in India. It is based in Mumbai. On July 2011, Vodafone Group agreed terms for the buy-out of its partner Essar from its Indian mobile phone business. The UK firm paid $5.46 billion to its...
(42%), Bharti Group (42%) and Aditya Birla Telecom Limited (16%). Bharti group offers telecom services in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
under the name Airtel and Aditya Birla offers its services under the name of Idea cellular
Idea cellular
Idea Cellular, usually referred to as Idea, is an Indian wireless telecom company based in Mumbai, India. Idea is the 3rd largest mobile services operator in India, in revenue terms, and recorded of over 98.4 million customers as of August 2011....
. Indus Towers has opeartions in 16 out of the 22 telecom circles of India and owns more than 110,000 towers with 200,000 tenants. It plans to add 5,000 new towers every year till 2015 and expects to have $ 2 billion in revenues in FY 2011-2012 .