Idea, Vodafone to sell tower assets to ATC for ₹7,850 crore

Idea Cellular and Vodafone India on Monday said they have separately agreed to sell their standalone tower businesses to ATC Telecom Infrastructure for about ₹7,850 crore. The companies said their tower businesses comprise a combined portfolio of approximately 20,000 towers. Notably, Vodafone and Idea are in the process of merging operations to create the largest mobile operator in the country.