Bharti Airtel, Idea, Vodafone enter tower biz JV

Bharti Airtel, Idea and Vodafone have entered into a JV for tower business, Bharti and Vodafone will own 42% each and Idea will own 16% in the tower joint venture. Bharti, Idea and Vodafone Essar have formed a combined Independent Tower Company of India. Leading GSM players will combine to form their own tower company. This can lead telecome stocks to move a huge surprising returns. Good to look major companies to perform.