Vodafone Essar is considering selling its telecom towers in the seven service areas outside the Indus Towers agreement to either Bharti Airtel or Indus Towers, according to news reports. If either of the companies? match or value the assets in a similar range, Vodafone may up its stake in Indus Towers or cash.
Also, it is believed that the bids from these two companies had come in the range of Rs 32 billion to Rs 35 billion, for around 7,000 towers with at least one tenant on each tower.
