Business / Vodafone Idea expects Indus Tower stake sale in 3-4 months for Rs 5500 crore

India TV : Apr 10, 2019, 10:32 AM

Vodafone Idea expects the sale of its 11.15 per cent stake in Indus Tower to complete in the next three-four months which could yield an estimated Rs 5,500 crore, a senior company. The company has an option to sell the 11.15 per cent stake in Indus Tower for cash ahead of the merger of the country's largest mobile tower firm with the Bharti group firm. Vodafone Idea is in discussion to sell 1.56 lakh kilometre.