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

Date: 25-01-2019

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.