KKR Consortium Pressing $11B Bid for Biggest Global Tower Firm


A consortium led by KKR (KKR +0.3%) is in talks for a huge transaction, an $11B bid to acquire Bharti Infratel and Indus Towers, the world's biggest wireless infrastructure company, India's Economic Times reports.

The buyer group includes Canada Pension Plan Investment Board, Abu Dhabi Investment Authority and GIC Singapore. It would be the biggest such transaction if completed.

That would first mean Bharti Infratel buying out the 58% of Indus Towers held by others, including Idea Cellular, Providence Equity Partners and Vodafone (VOD +2%). Vodafone would like to hold 8-10% to enjoy future upside.


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