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Arpit Sharma January 10th, 2019 4:22 PM 0 COMMENTS

Indus Towers and Bharti Infratel Merger to Finalise in Upcoming Financial Year

The tower unit of Bharti Airtel, Bharti Infratel will wrap up its merger with one of the biggest tower companies of India, Indus Towers in the first quarter of the new Financial Year in 2019, reported ET Telecom. In an analysts' meet, the company’s management also talked at length about new areas of growth like fibre sharing, small cells, data centres and Wi-Fi offloading. Bank of America Merrill Lynch also remarked... Read More

Arpit Sharma December 21st, 2018 12:14 PM 8 COMMENTS

Airtel to Lower Its Stake in Bharti Infratel to Raise Rs 15,000 Crore

Sunil Bharti Mittal led telecom operator, Bharti Airtel will be rallying to the task of raising more funds to better compete in the industry. To do that, the operator will be selling a 32% stake in its tower subsidiary, Infratel, which would fetch Rs 15,500 crore to Airtel. The operator’s 4G network would help a lot through this infusion and the capital would also assist it in better competing with the... Read More

Arpit Sharma November 16th, 2018 2:37 PM 14 COMMENTS

Bharti Infratel Could Emerge as Potential Buyer of Fibre Assets from Vodafone Idea

As per latest reports, Bharti Infratel, the tower arm of Bharti Airtel might chip in for the asset sale of Vodafone Idea Limited. Notably, this fibre asset sale from Vodafone Idea will help the newly merged telco in raising funds for capex and other expenses as the profit margins grow thin. This asset sale will be in addition to the Rs 25,000 crore fund which Vodafone Idea will raise as... Read More

Chakri K September 6th, 2018 12:45 PM 33 COMMENTS

Vodafone Idea Merger: Bharti Infratel Said to Take an Annual Hit of Rs 780 Crore

Bharti Infratel, the telecom arm of Bharti Airtel has said that its consolidated revenue, including that from Indus Towers, is expected to take a hit of around Rs 780 crore on an annual basis, thanks to the exit of Vodafone and Idea Cellular from co-located mobile towers. Following the completion of Vodafone-Idea merger, the companies have served exit notices to Bharti Infratel and its subsidiary Indus Towers from 27,447 co-located... Read More

Arpit Sharma July 2nd, 2018 8:14 PM 17 COMMENTS

Bharti Infratel and Indus Towers Merger: CCI Grants Clearance

Bharti Infratel, the tower subsidiary of Bharti Airtel, is set to undergo a merger with Indus Towers for which both the companies have obtained clearance from Competition Commission of India (CCI). Post the merger, both the companies will fuse to form $14.6 billion entity owning 1.63 lakh towers, a massive figure speaking even from global standards. This approval from CCI is the first of many which both the companies will... Read More

Chakri K April 27th, 2018 8:19 AM 0 COMMENTS

Bharti Infratel and Indus Towers Merger Will Reflect in Fierce Price Competition: Fitch

In an unexpected move, Bharti Airtel agreed with the merger of Indus Towers and Bharti Infratel, thus creating a pan-India tower player. The merger of Bharti Infratel with Indus Towers (Indus) reflects fierce price competition in the Indian telecom market, which has created pressure for consolidation and on incumbents to sell assets to raise funds, says Fitch Ratings. "We do not anticipate any change in Bharti Airtel's 'BBB-' rating, as... Read More

Chakri K April 25th, 2018 9:05 AM 4 COMMENTS

Bharti Airtel Approves the Merger of Indus Towers and Bharti Infratel

Bharti Airtel has now approved the merger proposal of Bharti Infratel and Indus Towers, creating a listed pan-India tower company. The combination of Bharti Infratel and Indus Towers by way of a merger will create a pan-India tower company, with over 163,000 towers, operating across all 22 telecom circles in India. The combined company will be the largest tower company in the world outside China, read a media statement. The... Read More

Rudradeep Biswas April 23rd, 2018 9:21 PM 3 COMMENTS

Bharti Infratel Reports Rs 2494 Crore Net Profit in FY 2017-18

India' solely listed tower company, Bharti Infratel today released its Consolidated Proforma results for the fourth quarter and full year ended March 31, 2018. The consolidated revenues for the year, at Rs 14,490 crore grew by 8% over the corresponding period last year. The consolidated EBITDA improved to Rs 6,427 crore up 8% YoY, representing an operating margin of 44.4%. The consolidated EBIT improved to Rs 4,034 crore up 11%... Read More

Rudradeep Biswas January 20th, 2018 8:33 PM 28 COMMENTS

Bharti Airtel May Sell Larger Stake in Tower Arm to Fund 4G Expansion in India

Bharti Airtel said that it might sell a large stake in its tower unit, Bharti Infratel, to generate funds that will be used to bolster its 4G network and better compete with Reliance Jio, which became profitable in the third quarter. Bharti Airtel and its wholly-owned subsidiaries own 53.51% in Bharti Infratel. The telco had in March last year sold a 10.3% stake in Bharti Infratel to a global consortium... Read More

Srikapardhi October 31st, 2017 7:15 AM 1 COMMENTS

Bharti Infratel Says to Explore Stake Acquisition in Indus Towers

Bharti Infratel Limited on Monday said that its board of directors on Monday has decided to explore and evaluate acquisition of the stake in one or more tranches in Indus Towers Limited. The company said it aims to make Indus a subsidiary or wholly owned subsidiary of Bharti Infratel Limited, which already owns 42% in Indus Towers. Vodafone India owns 42% stake in Indus, while Idea Cellular and Providence Equity... Read More

Sanjay March 4th, 2014 5:10 PM 18 COMMENTS

Reliance Jio and Bharti Infratel Join Hands in Tower Infrastructure Sharing

Pan India 4G spectrum holder Reliance Jio Infocomm and Bharti Infratel, today announced the signing of a Master Services Agreement for tower infrastructure sharing. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its 4G Mobile and Data services across all circles. As per the agreement, the pricing would be at ‘arm’s length,’ based on prevailing market rates. Sanjay Mashruwala, Managing Director, Reliance... Read More

Rudradeep Biswas September 19th, 2012 11:59 AM 5 COMMENTS

Bharti Infratel to use IPO Proceeds For Towers

Bharti Infratel, a subsidiary of telecom operator Bharti Airtel, will use the proceeds of its Initial Public Offering (IPO) to set up 4,813 new telecom transmission towers and upgradation its existing ones. The company was looking at raising about Rs 5,000 crore through the IPO and had filed the Draft Red Herring Prospectus (DRHP) last week. The public offer would constitute an offer of 18.89 crore shares, comprising a fresh... Read More