Bharti Airtel and Vodafone Idea have sold their entire respective stakes in their joint venture Firefly Networks, a Wi-Fi infrastructure company, to iBus Network and Infrastructure for Rs 9 Crore.

The deal is expected to close within 30 business days from the date of execution of the agreement between the firms.

Disinvestment: As part of this disinvestment, Sunil Mittal-led Bharti Airtel would get Rs 4.5 crore from the transaction. KM Birla-led Vodafone Idea also informed that it would get the same amount as ...

Bharti Airtel has announced that it will sell its whole 50% ownership in Firefly Networks to iBus Network and Infrastructure via a Share Purchase Agreement signed on January 6, 2025. The ₹45 ...

Upon completion, Firefly Networks will cease to be a joint venture of Bharti Airtel and Vodafone Idea. According to the filing, the transaction is not classified as a related-party transaction and ...

Indian mobile carriers Bharti Airtel and Vodafone Idea (Vi) have sold their WiFi joint venture (JV) Firefly Networks to iBus Network and Infrastructure Private Limited. The two carriers confirmed the ...

Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said ...

Both Vodafone Idea and Airtel are expected to continue to be customers of FireFly after divesting their respective stakes. The new owners are expected to invest up to $100 million in the company ...

The telecom giant has also sold its 50% stake in Firefly Networks to iBUS Network for ₹4.5 crore. Firefly, which contributed minimally to Airtel’s revenue and net worth in FY24, will no longer ...

FireFly Networks is a joint venture between Vodafone Idea Limited and Bharti Airtel Limited, wherein the company and Bharti hold a 50% stake each. Firefly oversees and monetises Wi-Fi hotspots by ...

in Firefly Networks Limited,” Airtel said in a regulatory filing Monday. Airtel would get Rs 4.5 crore from the transaction, as per the filing. “Upon transfer of aforesaid stake, Firefly would ...