Vodafone may sell spare towers to Bharti, Indus

Vodafone Essar may sell the telecom towers in the seven service areas outside the Indus Towers agreement to Bharti Airtel or Indus Towers, reports the Economic Times quoting company sources. Vodafone has taken the bids from Viom and GTL Infrastructure as benchmarks to Bharti and Indus, the report said. It further pointed out, if either of the companies matches or value the assets in a similar range, Vodafone could get more stake in Indus Towers or cash. Earlier, Vodafone had sought bids from telecom tower companies and Tata group-owned Viom Networks and independent tower operator GTL Infrastructure emerged as bidders.