CCI - Vodafone talking with Canada pension fund over Indus Towers stake - report

August, 19 2022 10:27 AM Crown Castle International Corp.

Vodafone ( NASDAQ: VOD ) is in discussions with Canadian pension fund Caisse de depot et placement du Quebec to sell its remaining 21% stake in Indus Towers, India's largest mobile tower installation company, The Economic Times reported.
That's a stake valued around 11,270 crore rupees, or about $1.38B.
And a full sale, if it goes forward, would mark Vodafone's ( VOD ) exit from the passive telecom infrastructure business in India.
Vodafone had previously been negotiating with American Tower ( AMT ) and Crown Castle International ( CCI ), as well as long-term infrastructure investors including Brookfield, The Economic Times reported.

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Company Name:	Crown Castle International Corp.
Stock Symbol:	CCI
Market:	NYSE
Website:	crowncastle.com