All Indus Towers articles – Page 3
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OperationsIndus seeks to move on from “nail-biting” Vi crisis
Indian tower giant sees “discomfiting” client payment worries subsiding
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Venturing & InvestmentsVodafone increases Vi stake
Group outlines commitment to struggling JV, upping its holding by 3.2%. Investment arrives via Vodafone subsidiary Prime Metals in a vital period for Vi. Further cash injections mooted amid government takeover.
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M&AIndian government urged to speed up Vi equity conversion
Debt-for-equity swap yet to go through after months in limbo. Vi said to believe completion is key to securing further investments. Move would give Indian government a 35.8% stake in Vi.
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M&AVodafone in talks with investors on 21% Indus stake
Group to participate in Vi’s planned capital raise. Vodafone agrees to sell 4.7% Indus stake to Bharti Airtel. Vi troubles have increased ‘trade receivables’ at Indus over several quarters.
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M&AVodafone explores sale of Indus Towers stake
Group plans to use some of the proceeds to take part in Vi fundraising exercise. Bharti Airtel could buy another 4.7% stake in Indus Towers. Indus security arrangements have been modified, but TowerCo still protected from Vi weakness. In Europe, Vodafone could lose Telecom Italia as partner in ...
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Strategy & ChangeElsewhere in Vodafone Associates & JVs: Indus tidies IT up
Indus tidies IT up; India becomes potential early target for Vodafone’s sat venture with AST.
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OperationsIndus Towers said to firm up IT systems rework
TowerCo CEO flags progress in pursuit of post-merger synergies. “Indus team” completes IT systems integration, meaning management of 180,000+ site portfolio falls under one roof.
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Network & InfrastructureIndus Towers talks up ‘next-gen’ tech revamp
Former Finance Director of Vodafone Intelligent Solutions takes on CFO role at newly combined entity. Expanse moves come with Vodafone said to be contemplating selling part of its Indus stake to help out troubled Vi.
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M&AVi cashes in from Indus Towers–Infratel merger
Vodafone’s loss-making JV in India gets a much-needed cash boost from sale of Indus stake. Vi reportedly in talks with private equity investors to raise more funds.
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PeopleVodafone moves: M-PESA readies for growth; Vi’s Vora departs
Vi CTO Vishant Vora steps down leaving a vacancy. Several changes in Germany across departments. M-PESA gets a CTO to aid expansion. Former VGE CEO gets board position; Cheang named Huawei security lead.
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PremiumIndus Towers–Infratel merger finally moves forward
Rejigged agreement offers a safety net for TowerCo amid ongoing questions over Vi’s future.
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Strategy & ChangeElsewhere in Vodafone's Associates & JVs: Vi confirms Indus Tower merger is back on
Dutch cable switchover resumes; Subex gains a role in Vi’s IT consolidation.
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PremiumInfratel–Indus Towers merger remains in limbo
Deal, agreed more than two years ago, continues to be clouded in uncertainty. Latest delay likely related to uncertainty over Vodafone Idea’s payment of AGR dues. Bharti Infratel chairman confident of favourable ruling from Supreme Court, and that Vodafone will “definitely stay” in India.
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ProfileProfile: Sunil Bharti Mittal, Family Guy
A self-made billionaire, Mittal knows how to challenge the busines status quo. His restlessness for growth may take some satisfying.
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Strategy & ChangeVodafone's Read talks up tower power (again)
Germanisation of Vodafone continues with choice of Düsseldorf for TowerCo HQ. CEO continues to push for improved asset utilisation in mobile networks, plus sales opportunities. Sharing developments in Germany, India, Italy, Portugal, and UK.
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PremiumVodafone Rest of World Region People Moves, September 2019
Oddly-timed switch at the helm of Vodafone Idea. Latest people movements include: Riaan Naude, Anthony Theunissen, Shwetha Iyer, Rajat Mukarji, Mohit Narula, Balesh Sharma, Ravinder Takkar, Aish Sinha.
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