Airtel to Acquire Vodafone’s 4.7 Percent Indus Towers Stake if Funds Are Used for Vi
Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone's 4.7 percent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing dues of the mobile tower company.Debt-ridden Vodafone Idea Limited (VIL) has been unable to pay dues of Indus Towers, and both VIL and promoter Vodafone have proposed a payment plan to clear the outstanding amount by July 15. In the meantime, VIL has committed to pay certain minimum amount each month to…