Vodafone Prepares to Exit Indus Towers, Seeking $2.3 Billion Sale

Keywords: Vodafone, Indus Towers, sale, stake, Bharti Airtel, Telkom, exit, divestment, telecom infrastructure, tower company

London, [Date] – Vodafone is reportedly preparing to offload its entire 2.3 billion dollar stake in Indus Towers, marking a significant step towards the company’s global divestment strategy. The telecom giant is said to be in talks with potential buyers, with a deal potentially closing in the coming months.

This move follows Vodafone’s earlier divestment of its stake in its Indian subsidiary, Vodafone Idea, in 2022. The sale of the Indus Towers stake would further solidify the company’s commitment to streamline its portfolio and focus on core markets.

Indus Towers is India’s largest telecom tower company, jointly owned by Bharti Airtel, Vodafone Idea, and Telkom. The company boasts a network of over 180,000 towers across the country, providing crucial infrastructure for mobile services.

The potential buyer for Vodafone’s stake remains undisclosed, although industry experts suggest that a combination of private equity firms and infrastructure funds could be interested. The sale is expected to be a complex process, requiring regulatory approvals and negotiations with existing shareholders.

This move signifies Vodafone’s continued efforts to consolidate its position within the global telecom landscape. The sale of its Indus Towers stake represents a significant financial gain for the company and enables it to focus on strategic priorities, potentially impacting future investments and expansion plans.