Date: 09.12.2007 Three GSM mobile operators, Bharti, Idea and Vodafone Essar, have joined hands to set up an independent tower company, Indus Towers, that is aimed at sharing passive infrastructure to enable lower cost and a more competitive operative environment.
The passive infrastructure will be shared in 16 circles with Bharti and Vodafone owning 42% stake each in the tower company. Idea will hold the balance 16%.Indus Towers will have 70,000 sites, and will be an independently managed and operated company.
In addition to telecom companies, it would share infrastructure with other wireless service providers like broadcasters and broadband service providers.