Indus Towers, India?s leading telecom tower company today announced the achievement of a critical milestone in its business history by becoming the first tower company in the world to have achieved a portfolio of over 200,000 tenancies under its management within few years of starting its operations. Indus Towers, which has operations in 16 out of the 22 telecom circles, is a joint venture between three telecom majors namely Bharti Group, Idea Group (Aditya Birla Telecom ) and Vodafone-Essar Group . Vodafone Essar and Bharti Group each hold 42% stake in the company, and Idea Group has the remaining 16% stake.
Indus started with 73,800 tenancies and reached 200,000 tenancies in less than 33 months and has an average tenancy rate which is fast approaching 2.0x. Indus has exhibited a business edge over its competitors even in times of tough market conditions and intense competition. The key factors that helped Indus Towers achieve greater operational excellence and offer its customers the largest coverage in India are a keen emphasis on: Speed-to-Market strategy, establishing world class Tower Operating Centre (TOC), adoption of green technology and making cost efficiency a way of life.
Announcing this achievement, B.S. Shantharaju, Chief Executive Officer, Indus Towers said, ?It gives me immense pleasure to announce the achievement of this business milestone which helps Indus Towers maintain its global leadership position as the only telecom tower company offering the largest coverage to telecom operators. Currently, there exists a huge opportunity for tower companies in servicing the needs of 3G and BWA along with addressing the needs of new operators who are going to deploy their networks. This effect would gradually transcend to smaller cities and rural areas.?
Shantharaju also added that ?the company will continue to make substantial efforts to expand its reach and tenancies in rural areas as well as urban areas, thereby relentlessly marching towards its vision of Transforming Lives By Enabling Communication?.
