Indus Towers to acquire 16,100 telecom towers from Bharti Airtel, Bharti Hexacom for Rs 3,308.7 crore

Both Indus Towers and Bharti Hexacom are subsidiaries of Bharti Airtel.

Telecom infrastructure company Indus Towers has announced its acquisition of mobile sites from its parent company Bharti Airtel and sister concern Bharti Hexacom for a total of Rs 3,308.7 crore. The acquisition will see Indus Towers purchase telecom towers from Bharti Airtel for Rs 2,147.6 crore and from Bharti Hexacom for Rs 1,134 crore.

In a regulatory filing, Indus Towers confirmed that both Bharti Airtel and Bharti Hexacom's boards have approved the sale of these passive infrastructure assets through a slump sale. The deal includes the acquisition of approximately 16,100 telecom towers, further expanding Indus Towers' pan-India presence, which currently boasts 234,643 towers and 386,819 co-locations as of December 31, 2024.

Indus Towers plans to finance the acquisition through borrowings, with the total cost of the transaction capped at Rs 33,087 million, subject to closing adjustments between the parties. Airtel has agreed to transfer around 12,700 telecom towers, including macro sites, ultra lean sites (ULS), and Cell on Wheels (COW), excluding sites under the Universal Service Obligation Fund (USOF). Bharti Hexacom will transfer 3,400 telecom towers to Indus Towers as part of the deal, also excluding USOF sites.

Both Indus Towers and Bharti Hexacom are subsidiaries of Bharti Airtel.