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Vodafone, Bharti, Idea agree India tower deal
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ANI India on 10 December, 2007 07:28:00
 
LONDON (Reuters) - Mobile services firms Vodafone, Bharti and Idea Cellular have
formed an independent company to share 70,000 tower units in India, to help
operators save costs and capital.
Vodafone said in a statement on Saturday the new company, Indus Towers, will
prove passive infrastructure services to all operators on a non-discriminatory
basis.
The companies will merge existing assets, leaving Vodafone Essar and Bharti
each owning 42 percent of the new company and Idea owning the remaining 16
percent.
"Indus Towers will enable optimisation of future tower rollout and enhanced
operational efficiency leading to opex (operational expenses) and capex (capital
expenses) savings for its customers," it said in a statement.
Indian customers will benefit from improved network reach and quality, more
choice and greater access to mobile services across the country.
Telecoms operators in India, the world's fastest-growing mobile market, are
looking to share infrastructure to keep costs down amid fierce competition and a
surge in low-income subscribers from rural areas.
India added 8.1 million wireless users in October, taking the subscriber base
to over 217 million. Over 52 million wireless users were added between April and
October.