Vodafone sells $1.8b stake in India's Indus Towers, Airtel ramps up stake

Vodafone sells $1.8b stake in India's Indus Towers, Airtel ramps up stake

REUTERS/Toby Melville

Vodafone Group has sold a bigger-than-planned 18% stake in India’s Indus Towers for $1.82 billion on Wednesday, with local telecom operator Bharti Airtel picking up shares to increase its stake to nearly 50%.