Indus Towers
#1519
Rank
$11.78B
Marketcap
India
Country
Mr. Vikas Poddar (Chief Financial Officer)
Ms. Samridhi Rodhe (Company Sec. & Compliance Officer)
Mr. Tejinder Kalra (Chief Operating Officer)
Summary
History
Indus Towers Limited was founded in November 2006. It was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.
Merger with Bharti Infratel
In 2017, reports suggested that Bharti Infratel, who already owns 42% of Indus Towers, was looking to acquire the 53% stake in Indus Towers, currently owned by Vodacom Group Plc. However, in July, the head of Vodafone stated that they were "actively considering" a float of their stake in Indus Towers. Vodafone went on to deliver a formal mandate to both Bank of America Merrill Lynch and Morgan Stanley to finalize buyers.On 25 April 2018, Bharti Infratel and Vodafone Group issued a joint statement announcing the merger of Bharti Infratel and Indus Towers to create the second largest telecom tower company in the world. Under the terms of the agreement, Bharti Infratel will transfer 1,565 of its own shares for each Indus Towers share valuing the latter at $10 billion. Other major shareholders in Indus Towers such as Idea Cellular and Providence Equity Partners would be provided an option to cash out. Bharti Airtel, the parent company of Bharti Infratel, will hold the largest stake in the newly merged entity. Prior to the merger, shareholding in Indus Towers was Bharti Infratel , Vodafone Group , Idea Cellular and Providence Equity Partners .
Mission
Key Team
Mr. R. Ramanujam (Chief Technology Officer)
Mr. Prashant Veer Singh (Chief Information Officer)
Mr. Dheeraj Agarwal C.F.A. (Chief Investor Relation Officer)
Mr. Vinod Sivarama Krishnan BE-Electrical, PGDM (Chief Information Officer)
Mr. Biswajit Patnaik (Chief Sales & Marketing Officer)
Mr. Rajiv Arora (Gen. Counsel, Chief of Legal, Regulatory & Corp. Affairs)
Mr. Prem Subedi (Head of Group Corp. Communications)
Recognition and Awards
References
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Mr. Vikas Poddar (Chief Financial Officer)
Ms. Samridhi Rodhe (Company Sec. & Compliance Officer)
Mr. Tejinder Kalra (Chief Operating Officer)