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Bharti Airtel plans to sell controlling stake in Bharti Infratel: Report

06 Jul 2017 Evaluate

Bharti Airtel is reportedly planning to sell controlling stake in tower arm Bharti Infratel to pare over $14 billion of debt and release funds for network expansion. 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 Airtel is a leading integrated telecommunications company with operations across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers.

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Company Name CMP
Bharti Airtel 1986.40
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Indus Towers 382.50
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