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Bharti considers towers listing

Connectivity BusinessbyConnectivity Business
January 24, 2010
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Bharti Airtel is considering offloading a stake in wholly owned subsidiary Bharti Infratel or JV firm Indus Towers via an IPO.
Bharti Enterprises Group CFO Manik Jhangiani is cited in local media saying that a listing could happen next fiscal.
Indus,…

Bharti Airtel is considering offloading a stake in wholly owned subsidiary Bharti Infratel or JV firm Indus Towers via an IPO.

Bharti Enterprises Group CFO Manik Jhangiani is cited in local media saying that a listing could happen next fiscal.

Indus, which holds 70,000 towers, is a JV firm between Bharti (42%), Vodafone (42%) and Idea Cellular (16%).

Bharti Infratel holds 100,000 towers.

Tags: Bharti AirtelBharti EnterprisesIndus Towers
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