25.5.09

Indus Towers world’s 1st to cross 1L-mark

Indus Towers, a joint venture between three top telecom companies — Airtel, Vodafone and Idea — on Sunday became the first company in the world to have over one lakh towers under its management. Bharti Airtel and Vodafone, each hold 42% stake in Indus Towers while Idea Cellular has 16%. “In a short span, Indus Towers has built a robust, scalable, asset centric operating model, which provides passive infrastructure services to all operators on a non-discriminatory basis with enhanced focus on energy efficiency,” Indus Towers chairman Akhil Gupta said. With the telecom industry infrastructure, especially for mobile services, growing at over 35% in the next two years, Indus Towers is expected to play a crucial role in taking the services across the nation and also in rural areas. It is increasing its portfolio by nearly 7,000 additional tower tenants every month and is working towards a tenancy ratio of two per site. “Indus will also be opening a state-of-the-art 24x7 Tower Operating Center by July 2009, which will monitor, control and analyse all tower site related activities to provide a better network uptime to its customers,” the statement said.

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