REUTERS/Babu/Files
July 8, 2021
TPG Capital, Apollo Global and Carlyle Group are among private equity giants in early talks with Vodafone Idea Ltd to invest in the company’s optic fibre and data centre assets worth around $1 billion, said two people familiar with the matter.
Since Vodafone Idea will continue to use the optic fibre infrastructure, the deals will likely happen on a sale-and-leaseback basis, the people said on the condition of anonymity.
“The fibre assets, fixed broadband and data centre businesses have an immense growth potential since telecom and internet penetration is rapidly increasing. Pricing will be the key for the PE deals. Within 2-3 months, the deals should get closed,” one of the two people said.