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Bharti Airtel increases direct stake in Indus Towers

February 6, 2023

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Indian carrier Bharti Airtel has increased its direct stake in compatriot company Indus Towers by acquiring 23.01% of shares held by its wholly-owned subsidiary, Nettle Infrastructure.

Folowing this transaction, Bharti Airtel now holds 47.95% stake in Indus Towers.

The telecom operator earlier directly held a 24.94% stake, plus 23.01% through Nettle Infrastructure.

Indus Towers offers passive infrastructure services to telecom operators and other wireless services providers such as broadband service providers. The company has over 189,000 towers and 339,435 co-locations and a nationwide presence covering all 22 telecom circles.

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