Indus Towers is an Indian joint venture telecom tower company incorporated in November 2007. It is owned by Vodafone Essar (42%), Bharti Group (42%) and Aditya Birla Telecom Limited (16%). Bharti group offers telecom services in India under the name Airtel and Aditya Birla offers its services under the name of Idea cellular [1][2]. Indus Towers has opeartions in 16 out of the 22 telecom circles of India and owns more than 110,000 towers with 200,000 tenants. It plans to add 5,000 new towers every year till 2015 and expects to have $ 2 billion in revenues in FY 2011-2012 [3][4].