{"id":823524,"date":"2024-06-19T08:54:57","date_gmt":"2024-06-19T03:24:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=823524"},"modified":"2024-06-19T08:58:56","modified_gmt":"2024-06-19T03:28:56","slug":"vodafone-to-sell-10-stake-in-indus-towers-for-up-to-1-1-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/19\/vodafone-to-sell-10-stake-in-indus-towers-for-up-to-1-1-billion\/","title":{"rendered":"Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion"},"content":{"rendered":"<p>Vodafone Group will sell about 10 per cent stake in India&#8217;s Indus Towers for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm&#8217;s efforts to repay debt. <\/p>\n<p>Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus Towers, in which it owns a 21.5 per cent stake via various group entities. <\/p>\n<p>Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale, sources had told Reuters last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vodafone Group will sell about 10 per cent stake in India&#8217;s Indus Towers for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm&#8217;s efforts to repay debt. Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus Towers, in which it owns a 21.5 per cent stake via various group entities. Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale, sources had told Reuters last week.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-823524","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/823524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=823524"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/823524\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=823524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=823524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=823524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}