Copying and distributing are prohibited without permission of the publisher
Bharti Airtel plans IPO for Infratel
09 August 2012
Operator considers selling up to 10% of tower company Bharti Infratel’s equity share capital
Indian operator Bharti Airtel is considering an IPO of its tower unit Bharti Infratel, by selling up to a 10% stake. The company has appointed a committee of the board of directors to consider and confirm the terms regarding participation in the offer for sale of equity shares.
Bharti Airtel said in a statement that any offering and its timing will be subject to market conditions, and securing related shareholder and regulatory sanctions.
Bharti Infratel operates over 33,000 towers. GTB
More from GTB
India may limit foreign tower stakes 15 Feb 2012
Reliance wants $5bn for tower unit stake 22 Aug 2011
Airtel to separate African tower business 16 Sep 2010
Reliance and GTL end $9bn tower deal 07 Sep 2010