Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Corporate
Bharti Infratel, Indus seek exit charges post Vodafone-Idea merger
TT Correspondent |  |  24 Jan 2019

Tower companies Bharti Infratel and Indus Towers have sought exit charges following Vodafone-Idea merger that led to two tenancies on a single tower being converted into one, and negotiations are on in this regard, the newly merged telecom firm said Wednesday. Prior to the mega merger, both entities - Vodafone and Idea - had tenancies on the same tower of various infrastructure service providers, including Indus Towers and Bharti Infratel.

"Post the merger, these two tenancies on a single tower have been converted to a single tenancy with a higher loading as per the terms of the Master Service Agreement. Both Bharti Infratel and Indus have raised demands for exit charges on the company on account of this change and for which the company is in negotiation with them," it said in a regulatory filing.

Last year, Idea and Vodafone completed USD 23.2 billion (about Rs 1.6 lakh crore) merger of their India operations to create the country's largest telecom operator to take on competition from Reliance Jio.

Vodafone owns 45.2 per cent stake in the newly-minted entity while Aditya Birla Group, Idea's parent company, holds 26 per cent stake.

    
 mail this article    print this article    Show and Post comment
24 Jan 2019(IST)  
Whitepaper
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more
Other Stories of the Day