Vodafone has sold its remaining 3% stake in Indus Towers for $330 million, marking its exit from the company. Proceeds were used to settle loans and increase Vodafone Idea’s ownership to 24.39%.
Vodafone is set to divest its remaining 3% stake in Indus Towers, marking a strategic exit from the Indian tower company. This decision aligns with Vodafone’s previous reductions and highlights its financial streamlining efforts.
Bharti Global’s acquisition of a significant stake in BT Group marks a pivotal moment in the telecom industry. As the largest shareholder, it reinforces Bharti’s investment confidence and BT’s future potential.
Kyocera, a prominent player in the telecom sector, is making waves by divesting a part of its KDDI stake to strengthen financial dynamics. This strategic move is key for VoIP advancements, as Kyocera enhances its focus on core telecom offerings.
