Idea Cellular has completed sale of its pan-India standalone tower business, by way of divesting its entire stake in Idea Cellular Infrastructure Services (ICISL) (100% subsidiary of Idea), to ATC Telecom Infrastructure (ATC). The transaction has been closed with an enterprise value of Rs 4,000 crore for approximately 9,900 standalone towers.
Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.