Bharti Airtel Ltd.

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.