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Idea plans to hive off its tower business into separate entity

Idea plans to hive off its tower business into separate entity
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First Published: Thu, Mar 22 2007. 01 06 AM IST
Updated: Thu, Mar 22 2007. 01 06 AM IST
Mumbai: Idea Cellular Ltd., India’s fifth largest cellular services provider, is planning to follow the example of Bharti Airtel, Reliance Communications and Tata Teleservices, by hiving off its cellular tower business into a separate company. The company has about 10,000 cellular sites spread over 11 telecom circles nationwide. “We are evaluating a plan to hive off our cell sites into a separate business,” said Sanjeev Aga, managing director. He declined to elaborate. According to an industry estimate the cost of building 10,000 cell sites now would have be around Rs2,000 crore.
Bharti, which has 34,000 towers, Reliance, which has 13,000 towers, and Tata Teleservices, which has 5,000 towers, have already said that they will spin off their tower business into separate companies.
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First Published: Thu, Mar 22 2007. 01 06 AM IST
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