Airtel, Voda Idea in talks for fibre JV

Barcelona: Bharti Airtel is in talks with Vodafone Idea to create a fibre joint venture similar to their co-owned tower company, Indus Towers. Vodafone Idea has given the proposal a “warm” response, Bharti Airtel chairman Sunil Mittal said.

“We have made an invitation. We did that in towers – if you remember, Indus Towers was created. And on the same lines, we have asked Vodafone Idea to come and join the fibre company,” Mittal told reporters on the sidelines of the Mobile World Congress. “It will be a two-party JV. We are starting with our own fibre company and if Vodafone Idea brings its fibre assets, then they will get appropriate shares.”