Indus Towers - Revision history

RhysFrisina87: slightly refine content for consistency and improved wording

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	\| revenue = ~~US$2 Billion~~		\| revenue ={{up}}{{INRConvert\|27730\|c}}
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	\| operating_income =		\| operating_income ={{up}}{{INRConvert\|9610\|c}}
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	\| num_employees = ~~1001-5000~~		\| num_employees = 3300 (Approx.)
	\| num_employees_year = <!-- Year of num_employees data (if known) -->		\| num_employees_year = <!-- Year of num_employees data (if known) -->
	\| parent = [[Bharti Airtel]]		\| parent = [[Bharti Airtel]]
	\| divisions =		\| divisions =
	\| ~~subsid~~ =		\| subsidiary =
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	'''Indus Towers Limited''' is an independently managed company offering passive [[Infrastructure as a service\|infrastructure services]] to telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2006,<ref>{{cite web \|title=Indus Towers \|url=https://www.sec.gov/Archives/edgar/data/839923/000110465918039071/a18-6491_1ex4d27.htm \|website=sec.gov}}</ref> Indus Towers Limited has been promoted under a joint venture between entities of [[Bharti Group]] including [[Bharti Infratel]] (rendering telecom and tower infrastructure services in India under the brand name [[Airtel]] and [[Bharti Infratel\|Bharti Infratel Limited]] respectively) and [[Vodafone Idea Limited]] (rendering telecom services under the brand name [[Vodafone]] and [[Idea Cellular\|Idea]]) to render passive infrastructure services to telecom service providers.<ref>{{Cite web\|url=http://blbanewdelhi.org/article/detail/?pid=115\|title=Belgium Luxembourg Business Association - New Delhi - Indus Towers: Keeping an all-seeing eye on India’s telecom infrastructure\|website=blbanewdelhi.org\|access-date=2017-07-25}}</ref>		'''Indus Towers Limited''' is an independently managed company offering passive [[Infrastructure as a service\|infrastructure services]] to telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2006,<ref>{{cite web \|title=Indus Towers \|url=https://www.sec.gov/Archives/edgar/data/839923/000110465918039071/a18-6491_1ex4d27.htm \|website=sec.gov}}</ref> Indus Towers Limited has been promoted under a joint venture between entities of [[Bharti Group]] including [[Bharti Infratel]] (rendering telecom and tower infrastructure services in India under the brand name [[Airtel]] and [[Bharti Infratel\|Bharti Infratel Limited]] respectively) and [[Vodafone Idea Limited]] (rendering telecom services under the brand name [[Vodafone]] and [[Idea Cellular\|Idea]]) to render passive infrastructure services to telecom service providers.<ref>{{Cite web\|url=http://blbanewdelhi.org/article/detail/?pid=115\|title=Belgium Luxembourg Business Association - New Delhi - Indus Towers: Keeping an all-seeing eye on India’s telecom infrastructure\|website=blbanewdelhi.org\|access-date=2017-07-25}}</ref>

	Indus Towers Limited has over 172,094 towers and 314,106 co-locations and a nationwide presence covering all 22 telecom circles,<ref name="livemint.com">{{cite news \|last1=Guha \|first1=Ishita \|title=Indus Towers Q3 net profit up 2% at ₹1,360 crore \|url=https://www.livemint.com/companies/company-results/indus-towers-q3-net-profit-up-2-at-rs-1-360-crore-11611850068797.html \|publisher=[[Livemint]] \|date=28 January 2021}}</ref> It has the widest coverage in India and has already achieved 288,013 tenancies, a first in the telecom tower industry globally.<ref>{{Cite news\|url=http://economictimes.indiatimes.com/news/economy/policy/merger-to-give-vodafone-idea-more-negotiating-powers-in-divesting-indus-tower-stake/articleshow/57761645.cms\|title=Merger to give Vodafone, Idea edge in divesting Indus Towers stakes\|last=Sengupta\|first=Devina\|date=2017-03-22\|work=The Economic Times\|access-date=2017-07-25\|last2=Banerjee\|first2=Niharika}}</ref><ref>{{Cite news\|url=http://economictimes.indiatimes.com/news/company/corporate-trends/indus-towers-to-invest-rs-100-crore-to-set-up-500-new-sites-across-india/articleshow/55683542.cms\|title=Indus Towers to invest Rs 100 crore to set up 500 new sites across India\|last=Aulakh\|first=Gulveen\|date=2016-11-29\|work=The Economic Times\|access-date=2017-07-25}}</ref> Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus Towers one of the largest telecom tower companies in the world.<ref>{{cite news \|title=Bharti Infratel gets RoC nod for change of name to Indus Towers post mega merger \|url=https://legal.economictimes.indiatimes.com/news/industry/bharti-infratel-gets-roc-nod-for-change-of-name-to-indus-towers-post-mega-merger/79716889 \|publisher=[[The Economic Times]] \|date=14 December 2020}}</ref><ref>{{cite news \|title=Bharti Infratel, Indus merger complete; VIL gets ₹3,760 cr in cash for 11.15% holding in Indus \|url=https://www.thehindu.com/business/Industry/bharti-infratel-indus-merger-complete-vil-gets-3760-cr-in-cash-for-1115-holding-in-indus/article33138890.ece \|publisher=[[The Hindu]] \|date=20 November 2020}}</ref><ref>{{cite news \|last1=Gupta \|first1=Deepali \|last2=Barman \|first2=Arijit \|title=Bharti Infratel ringing in merger with Indus to create world’s largest telco t \|url=https://m.economictimes.com/markets/stocks/news/indus-set-to-merge-with-bharti-infratel-to-create-worlds-largest-towers-co/articleshow/63904128.cms \|publisher=[[The Economic Times]] \|date=25 April 2018}}</ref><ref>{{cite news \|title=Largest tower company in world outside China! Indus Towers, Bharti Infratel merger complete \|url=https://www.businesstoday.in/sectors/telecom/largest-tower-company-indus-towers-bharti-infratel-merger-complete/story/422492.html \|publisher=[[Business Today (India)\|Business Today]] \|date=20 November 2020}}</ref> Some of its major customers are [[Airtel]], Bharti Hexacom, [[Vodafone Idea Limited]] and [[Reliance Jio]].<ref name="livemint.com"/>		Indus Towers Limited has over 172,094 towers and 314,106 co-locations and a nationwide presence covering all 22 telecom circles,<ref name="livemint.com">{{cite news \|last1=Guha \|first1=Ishita \|title=Indus Towers Q3 net profit up 2% at ₹1,360 crore \|url=https://www.livemint.com/companies/company-results/indus-towers-q3-net-profit-up-2-at-rs-1-360-crore-11611850068797.html \|publisher=[[Livemint]] \|date=28 January 2021}}</ref> it has the widest coverage in India and has already achieved 288,013 tenancies, a first in the telecom tower industry globally.<ref>{{Cite news\|url=http://economictimes.indiatimes.com/news/economy/policy/merger-to-give-vodafone-idea-more-negotiating-powers-in-divesting-indus-tower-stake/articleshow/57761645.cms\|title=Merger to give Vodafone, Idea edge in divesting Indus Towers stakes\|last=Sengupta\|first=Devina\|date=2017-03-22\|work=The Economic Times\|access-date=2017-07-25\|last2=Banerjee\|first2=Niharika}}</ref><ref>{{Cite news\|url=http://economictimes.indiatimes.com/news/company/corporate-trends/indus-towers-to-invest-rs-100-crore-to-set-up-500-new-sites-across-india/articleshow/55683542.cms\|title=Indus Towers to invest Rs 100 crore to set up 500 new sites across India\|last=Aulakh\|first=Gulveen\|date=2016-11-29\|work=The Economic Times\|access-date=2017-07-25}}</ref> Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus Towers one of the largest telecom tower companies in the world.<ref>{{cite news \|title=Bharti Infratel gets RoC nod for change of name to Indus Towers post mega merger \|url=https://legal.economictimes.indiatimes.com/news/industry/bharti-infratel-gets-roc-nod-for-change-of-name-to-indus-towers-post-mega-merger/79716889 \|publisher=[[The Economic Times]] \|date=14 December 2020}}</ref><ref>{{cite news \|title=Bharti Infratel, Indus merger complete; VIL gets ₹3,760 cr in cash for 11.15% holding in Indus \|url=https://www.thehindu.com/business/Industry/bharti-infratel-indus-merger-complete-vil-gets-3760-cr-in-cash-for-1115-holding-in-indus/article33138890.ece \|publisher=[[The Hindu]] \|date=20 November 2020}}</ref><ref>{{cite news \|last1=Gupta \|first1=Deepali \|last2=Barman \|first2=Arijit \|title=Bharti Infratel ringing in merger with Indus to create world’s largest telco t \|url=https://m.economictimes.com/markets/stocks/news/indus-set-to-merge-with-bharti-infratel-to-create-worlds-largest-towers-co/articleshow/63904128.cms \|publisher=[[The Economic Times]] \|date=25 April 2018}}</ref><ref>{{cite news \|title=Largest tower company in world outside China! Indus Towers, Bharti Infratel merger complete \|url=https://www.businesstoday.in/sectors/telecom/largest-tower-company-indus-towers-bharti-infratel-merger-complete/story/422492.html \|publisher=[[Business Today (India)\|Business Today]] \|date=20 November 2020}}</ref> Some of its major customers are [[Airtel]], Bharti Hexacom, [[Vodafone Idea Limited]] and [[Reliance Jio]].<ref name="livemint.com"/>

	== History ==		== History ==
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	== Key people ==		== Key people ==
	Bimal Dayal is the current CEO of Indus Towers Limited.<ref>{{cite news \|title=Bimal Dayal appointed CEO of Indus Towers \|url=https://www.communicationstoday.co.in/bimal-dayal-appointed-ceo-of-indus-towers/ \|publisher=Communications Today \|date=15 December 2020}}</ref>		Bimal Dayal is the current CEO of Indus Towers Limited.<ref>{{cite news \|title=Bimal Dayal appointed CEO of Indus Towers \|url=https://www.communicationstoday.co.in/bimal-dayal-appointed-ceo-of-indus-towers/ \|publisher=Communications Today \|date=15 December 2020}}</ref>

	~~== Awards and recognition ==~~
	~~{\| class="wikitable"~~
	\|-
	~~! Year !! Award(s) !! Awarding organisation !! Result/Rank !! Ref.~~
	\|-
	\| 2021 \|\| Gallup Exceptional Workplace Award \|\| [[Gallup (company)\|Gallup]] \|\| {{won}}\|\|<ref>{{cite web \|last1=Harter \|first1=Jim \|last2=Rubenstein \|first2=Kristi \|last3=McLain \|first3=Denise \|title=Announcing the 2021 Gallup Exceptional Workplace Award Winners \|url=https://www.gallup.com/workplace/339815/announcing-2021-gallup-exceptional-workplace-award-winners.aspx \|website=Gallup.com \|date=18 March 2021}}</ref>
	\|-
	~~\| 2019 \|\| [[100 Best Companies to Work For\|India's Best Companies To Work For]]\|\| [[The Economic Times]], [[100 Best Companies to Work For\|Great Place to Work]]\|\| #9\|\|~~
	\|-
	\| 2019\|\| Operational Excellence Leadership Category <br>Process Innovation Leadership Category, Manufacturing Sector \|\|[[Frost and Sullivan]]\|\|First Runner-up\|\|<ref>{{cite web \|title=Frost and Sullivan Award \|url=https://ww3.frost.com/files/6915/7675/4558/PERP_2019___Award_Recipients.pdf \|website=frost.com}}</ref>
	\|-
	\| 2019\|\| Dun & Bradstreet Corporate Award<br>Telecom Equipment & Infra Services category\|\|[[Dun & Bradstreet]]\|\|{{won}}\|\|<ref>{{cite news \|title=Dun & Bradstreet India hosts ‘Corporate Awards 2019’ \|url=https://www.dnb.co.in/media/press-release/989 \|work=dnb.co.in \|date=29 May 2019}}</ref>
	\|-
	~~\| 2019\|\| Smart Cities India Award\|\|6th Smart Cities India Expo \|\| {{won}}\|\|<ref>{{cite web \|title=Winners 2018 \|url=https://www.innovationawards.ciiinnovation.in/Winners-2018.php}}</ref>~~
	\|-
	\| 2018\|\| [[Deming Prize]] \|\|[[Japanese Union of Scientists and Engineers]] \|\| {{won}}\|\|<ref>{{cite news \|title=Winners of Smart Cities India Awards 2019 \|url=https://www.smartcitiesindia.com/smart-cities-india-awards-2019.aspx \|work=Smartcitiesindia.com}}</ref>
	\|-
	\| 2018\|\| Top Innovative Company (Large) in Services<br> at CII Industrial Innovations Awards\|\|[[Confederation of Indian Industry]] \|\| {{won}}\|\|<ref>{{cite web \|title=Winners 2018 \|url=https://www.innovationawards.ciiinnovation.in/Winners-2018.php}}</ref>
	\|-
	\| 2018\|\|CSR Leadership Award (Best CSR Practices)\|\|[[ET Now]] \|\| {{won}}\|\|<ref>{{cite web \|title=CSR Leadership Award \|url=https://www.worldcsrday.com/et_csr_awards.html \|website=worldcsrday.com}}</ref>
	\|}

	== References ==		== References ==

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Reverted 1 edit by 106.215.69.91 (talk) to last revision by BrownHairedGirl

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{{Infobox company
| name = Indus Towers Limited
| logo =
| logo_size = 75px
| foundation = November 2007
| location_city = DLF Cyber City, [[Gurgaon]]
| location_country = [[India]]
| locations = 16 Telecom Circles
| key_people = {{unbulleted list|Rakesh Bharti Mittal (Chairman)|Bimal Dayal (CEO)}}
| traded_as = {{Unbulleted list|{{BSE|534816}}|{{NSE|INDUSTOWER}}}}
| ISIN = INE121J01017
| industry = [[Telecommunication]]s
| revenue = US$2 Billion
| owner =
| num_employees = 1001-5000
| homepage = {{URL|industowers.com}}
}}
'''Indus Towers''' is an independently managed company offering passive infrastructure services to all telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2007, Indus Towers Limited has been promoted under a joint venture between entities of Bharti Group including Bharti Infratel Limited (rendering telecom and tower infrastructure services in India under the brand name Airtel and Bharti Infratel Limited respectively) and Vodafone Idea Limited (rendering telecom services under the brand name Vodafone and Idea) to render passive infrastructure services to telecom service providers.<ref>{{Cite web|url=http://blbanewdelhi.org/article/detail/?pid=115|title=Belgium Luxembourg Business Association - New Delhi - Indus Towers: Keeping an all-seeing eye on India’s telecom infrastructure|website=blbanewdelhi.org|access-date=2017-07-25}}</ref>

With 122,730 towers in 15 circles across the country, Indus has the widest coverage in India and has already achieved 288,013 tenancies, a first in the telecom tower industry globally.<ref>{{Cite news|url=http://economictimes.indiatimes.com/news/economy/policy/merger-to-give-vodafone-idea-more-negotiating-powers-in-divesting-indus-tower-stake/articleshow/57761645.cms|title=Merger to give Vodafone, Idea edge in divesting Indus Towers stakes|last=Sengupta|first=Devina|date=2017-03-22|work=The Economic Times|access-date=2017-07-25|last2=Banerjee|first2=Niharika}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/indus-towers-to-invest-rs-100-crore-to-set-up-500-new-sites-across-india/articleshow/55683542.cms|title=Indus Towers to invest Rs 100 crore to set up 500 new sites across India|last=Aulakh|first=Gulveen|date=2016-11-29|work=The Economic Times|access-date=2017-07-25}}</ref>

Indus Towers was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.<ref>{{Cite news|url=http://www.financialexpress.com/archive/teri-and-indus-towers-jointly-ink-mou-on-developing-innovative-renewable-energy-solutions/318567/|title=TERI and Indus Towers jointly ink MoU on developing innovative renewable energy solutions|work=The Financial Express|access-date=2017-07-25|language=en-US}}</ref>

Indus tower company is also known as Bhartiya infratel which is the largest telecom infrastructure company in the world.

Authority of Indus towers telecommunications says that Accordingly, out of every 5 mobile calls made in India, 3 are done through indus site.

==Merger with Bharti Infratel==
In 2017, reports suggested that Bharti Infratel, who already owns 42% of Indus Towers, was looking to acquire the 53% stake in Indus Towers,<ref>{{Cite web|url=https://www.ft.com/content/686ddb56-6de2-11e7-bfeb-33fe0c5b7eaa|title=Subscribe to read|website=Financial Times|access-date=2017-07-25}}</ref> currently owned by Vodacom Group Plc.<ref>{{Cite news|url=http://www.livemint.com/Industry/PjsOVZLNNhskBfdWgEbHnK/Bharti-Infratel-said-to-sound-out-banks-to-fund-8-billion-I.html|title=Bharti Infratel said to sound out banks to fund $8 billion Indus Towers deal|last=Alexander|first=George Smith|date=2017-06-01|work=livemint.com/|access-date=2017-07-25}}</ref> However, in July, the head of Vodafone stated that they were "actively considering" a float of their stake in Indus Towers. Vodafone went on to deliver a formal mandate to both Bank of America-Merrill Lynch and [[Morgan Stanley]] to finalize buyers.<ref>{{Cite news|url=http://economictimes.indiatimes.com/news/economy/policy/tower-sale-plan-of-vodafone-idea-gathers-steam-ahead-of-merger/articleshow/59394089.cms|title=Tower sale plan of Vodafone, Idea gathers steam ahead of merger|last=Parbat|first=Kalyan|date=2017-07-01|work=The Economic Times|access-date=2017-07-25|last2=Kalesh|first2=Baiju}}</ref><ref>{{Cite news|url=http://www.businessinsider.in/Vodafone-India-Idea-merger-on-fast-track-Individual-towers-to-be-sold-at-the-earliest/articleshow/59399370.cms|title=Vodafone India-Idea merger on fast track: Individual towers to be sold at the earliest|work=Business Insider|access-date=2017-07-25}}</ref>

On 25 April 2018, Bharti Infratel and Vodafone Group issued a joint statement announcing the merger of Bharti Infratel and Indus Towers to create the second largest telecom tower company in the world. Under the terms of the agreement, Bharti Infratel will transfer 1,565 of its own shares for each Indus Towers share valuing the latter at $10 billion. Other major shareholders in Indus Towers such as Idea Cellular and Providence Equity Partners would be provided an option to cash out. Bharti Airtel, the parent company of Bharti Infratel, will hold the largest stake in the new merged entity.<ref>{{cite web |title=India's Bharti Infratel, Indus merging to form $14.6 billion... |url=https://www.reuters.com/article/us-indus-towers-bharti-infratel/indias-bharti-infratel-indus-merging-to-form-14-6-billion-telecom-tower-giant-idUSKBN1HW0C8 |website=Reuters |accessdate=29 March 2019 |language=en |date=25 April 2018}}</ref> Prior to the merger, shareholding in Indus Towers was Bharti Infratel (42%), Vodafone Group (42%), Idea Cellular (11.15%) and Providence Equity Partners (4.85%).<ref>{{cite web |last1=Sengupta |first1=Devina |title=Bharti Infratel-Indus Towers merger likely to complete in the first quarter of next fiscal |url=https://economictimes.indiatimes.com/industry/telecom/telecom-news/bharti-infratel-indus-towers-merger-likely-to-complete-in-the-first-quarter-of-next-fiscal/articleshow/67456706.cms |website=The Economic Times |accessdate=29 March 2019 |date=9 January 2019}}</ref>

The merger is expected to be completed in March 2021.

== Website ==
The website industowers.com attracted 4,82,429 users in the year 2019. Indus Towers website allow users to register there land for mobile tower installation. The website of Indus Towers is designed and developed by Digital Impressions.

== References ==
{{Reflist}}

{{Bharti Enterprises}}
{{Nifty 200 companies}}

[[Category:Companies based in Gurgaon]]
[[Category:Indian companies established in 2007]]
[[Category:Bharti Airtel]]
[[Category:2007 establishments in Haryana]]
[[Category:Telecommunications companies established in 2007]]

{{India-company-stub}}