Bharti Infratel Limited is in the process of holding talks to acquire Tower Vision India Pvt. Ltd., which is a tower company owned by a group of international investors, including Quadrangle Capital Partners, Fort Group, and Mivtach Shamir Real Estate. Tower Vision, a Gurgaon-based company, owns about 8500 towers across India, and the company is valued at '4000 crore, which includes debt of around '1000 crore. It has an annual turnover of '1000 crore and operating margin of around 25 percent.
Bharti Infratel, the only listed tower company in India, has about 89,000 towers, including a proportionate ownership of these assets in Indus Towers, a joint venture between Bharti Infratel, Vodafone India, and Aditya Birla Telecom.
Since there are constraints on erecting new towers, the company is looking to increase its tower count by acquiring other tower companies. It is believed that this move will help the company meet the increasing demand of 3G and 4G operators. At the moment, Bharti Infratel is looking to expand in India and is not focusing on overseas markets. As the smartphone user base is expected to increase significantly, 3G and 4G will become the leading telephony technologies by 2020.