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Bharti Infratel settles tower exits with four operators for Rs 3,800 crore

25 Jan 2019 Evaluate

Bharti Infratel has made a settlement with four operators, including Vodafone Idea that exited from its cell sites before the expiry of their contracts at a payment of around Rs 3,800 crore. The payments include one-time charge of Rs 2,000 crore and rental of around Rs 1,800 crore.

Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.

Peers
Company Name CMP
Bharti Airtel 2096.25
Jio Platforms 1405.75
Vodafone Idea 12.75
Indus Towers 382.00
Tata Communications 1705.10
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