Mobile tower company Bharti Infratel has approached Vodafone and Idea Cellular to buy their mobile towers in 7 out of 22 telecom circles in the country, a top official of the company said today.
"I have made it very clear to Vodafone and Idea Cellular that we are interested in buying their towers in seven circles where Bharti Infratel is sole operator and Indus doesn't operate," Bharti Infratel Executive Chairman Akhil Gupta said on sidelines of an event.
Infratel has over 36,381 standalone mobile towers spread across 18 states under 11 telecom circles. The company also has a 42 percent stake in Indus Towers- joint venture between Bharti Infratel, Vodafone and Aditya Birla Telecom.
The states where Bharti Infratel has no overlapping business with Indus includes, Jammu and Kashmir, Himachal Pradesh, Madhya Pradesh, Chattisgarh, Bihar, Jharkhand, Odisha, Assam and North Eastern states. These states jointly come under 7 telecom circles.
"We are waiting for them to come back. If at all they are ready we will be certainly pursuing the matter," Gupta added.
Also read: Telecom industry needs more spectrum: Mittal
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
