Bharti Airtel open to selling bigger chunk of tower arm Bharti Infratel

Devesh

Devesh

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Bharti Airtel may revive a plan to sell a controlling stake in tower arm Bharti Infratel in an effort to pare over $14 billion of debt and release funds for network expansion, people familiar with the matter said.

The possible change of plan may have been sparked by an over-26% surge in Infratel’s stock price over the past three months. The stake sale in India’s second-largest telecom tower company is key to strengthening Airtel’s balance sheet in the midst of a price war that’s eroded profit.
Bharti Infratel: Bharti Airtel open to selling bigger chunk of tower arm Bharti Infratel, Telecom News, ET Telecom
 
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