Bharti Infratel is looking at the option of taking over the telecom towers of Vodafone and Idea Cellular in India at a valuation of Rs 5,000 crore. The company is also scouting for telecom tower acquisition opportunities in Sri Lanka and Bangladesh. Bharti Infratel already owns a 42 per cent stake in Indus Towers – a three-way venture between Bharti, Vodafone and Idea – and possesses 84,000 towers across India. Vodafone owns 25,000 towers, while Idea owns 9,446 towers in India. Bharti Infratel and Indus Towers are market leaders in terms of number of towers and revenue generation.
Bharti Airtel already has a presence in Sri Lanka and holds seven per cent market share. Bharti Infratel is keen to buy out towers in the island nation. In Bangadesh, Bharti Airtel had acquired a 70 per cent stake in Warid Telecom in 2010 and subsequently launched Airtel in Bangladesh in December 2010.
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