Vodafone’s Indus stake sale could speed up repayments to towerco, which may issue dividend: JP Morgan

Mumbai: Vodafone Group’s probable stake sale in Indus Towers could drive cashflows of $2.3 billion which could see accelerated repayment to vendors such as Indus Towers and even drive a special dividend to the shareholders of the Indian tower company, brokerage J.P. Morgan said.