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Vodafone, Idea exit to cost Bharti Infra ₹780 crore a year
short by Krishna Veera Vanamali / on Thursday, 6 September, 2018
Bharti Infratel has said its consolidated revenue is expected to take around ₹780-crore hit annually due to the exit of Vodafone India and Idea Cellular. Following their merger, Vodafone and Idea have served exit notices to Bharti Infratel and Indus Towers from 27,447 co-located mobile towers. Currently, Bharti Infratel and Vodafone own around 42% stake each in Indus Towers.
read more at Bloomberg Quint