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Airtel could tie up with rival Voda Idea for fibre network

Dec 4, 2018 by The Passage Team
Airtel could tie up with rival Voda Idea for fibre network

Bharti Airtel is open to creating a company with rival Vodafone Idea to jointly own their fibre networks, which could be monetised to raise funds to drive growth as it seeks to regain revenue leadership by March-end, senior company executives said.

“We will be delighted to share and create one company. We have already built a lot of fibre with Vodafone Idea and over the past two years, a lot of sharing has happened between the two companies,” a top company official said.

The official said the plan is essentially to co-own it with the competition, along the lines of Indus Towers, India’s largest telecom tower company that is jointly owned by Bharti Infratel and Vodafone Idea.

Source: Economic Times

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