Vodafone Idea looking for equal stake in optic fibre JV with Bharti Airtel, says report
Updated : March 29, 2019 08:34 AM IST
Sources told the paper that the intention of the deal is to bring in a strategic partner in the JV in about a year as the deal will help the telcos be a part of the competitive telecom industry.
The paper, quoting sources said, the talks are quite advanced and the deal will look to monetise (the JV) in a while, but no immediate need is required as they have their ongoing fund-raising initiatives going on.
Sources that it can be an equal partnership with equal assets pulled from both sides and the assets remaining can be bought out by the JV on a fair valuation.