Indus Towers IPO : Likely to hit the market in FY11-12

by khalid on 26/01/2011 · 0 comments

Mobile tower firm Indus Towers is planning to come up with its initial public offering (IPO) which is set to hit the market by sometime in the next fiscal (2011-12). Indus Tower is one of the largest mobile tower companies in India, in which Vodafone Essar and the Bharti Group own 42% each in the joint venture, while Idea Cellular holds 16%.

Top mobile operators Bharti Airtel, Vodafone Essar and Idea Cellular, in late 2007, had decided to pool their resources and had hived off their towers into an independent firm, Indus Towers, with over one lakh towers.

Stay tuned to BelltheBull Blog for more news on Indus Towers IPO !

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