The development can boost Indus’s FY25 free cash flow (FCF) to ₹6,200 crore, said IIFL Securities Ltd, adding that the tower company has a payout policy of 100% of FCF, implying a potential ...

Citi is bullish on Vodafone Idea after the Department of Telecommunications (DoT) waived the bank guarantee requirement for ...

Vodafone Group has said it will sell off its remaining three percent stake in Indian tower company, Indus Towers. In a regulatory filing on Wednesday, the UK carrier confirmed it has placed its ...

Vodafone has announced the sale of its 3% stake in Indus Towers through an accelerated book build offering. The proceeds will be used to repay Vodafone’s outstanding borrowings and potentially ...

This week, Vodafone has announced that it is looking to sell its final 3% stake in Indus Towers, which it values at around $330 million. The sale will be achieved through an accelerated book build ...

Vodafone Group Plc, the British telecom giant, is selling its remaining 3% investment in Indus Towers, effectively departing India’s largest telecom tower operator, which is now a Bharti Airtel ...

"Vodafone Group Plc announces that it has launched a placing of its remaining 79.2 million shares in Indus Towers Limited representing 3 per cent of Indus' outstanding share capital through an ...

Indus Towers gained 5.5% while Bharti Hexacom shares increased by 4.5%. Tata Teleservices and Bharti Airtel advanced 1.8% and 1.6%, respectively. However, Indus Towers shares jumped by nearly 4.5% ...

After Vodafone’s debt obligations are settled, the residual funds will be directed towards securing Vodafone Idea Limited’s (Vi) outstanding dues to Indus Towers. | Photo Credit: Mrinal Pal ...

Further, Citi also maintained its 90-day positive catalyst watch on Indus Towers. The telecom department has waived the requirement of bank guarantee to be submitted for spectrum auctions held ...