Bharti Infratel Ltd (BHRI.NS)
Top Indian mobile carrier Bharti Airtel Ltd said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd for 33.25 billion rupees ($507.52 million) in a bid to reduce debt.
Nov 14 Top Indian mobile carrier Bharti Airtel Ltd said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd for 33.25 billion rupees ($507.52 million) in a bid to reduce debt.
* Bharti Airtel announces successful completion of secondary share sale in Bharti Infratel
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Nov 13 The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday:
SINGAPORE/MUMBAI, Nov 13 A unit of top Indian phone carrier Bharti Airtel Ltd will sell a stake worth about 26.17 billion rupees ($400 million) in mobile masts operator Bharti Infratel Ltd on Tuesday, according to a deal term sheet.
NEW DELHI, Nov 4 A unit of Canada's Brookfield Asset Management said it is evaluating a number of telecom tower portfolios in India to scale its presence after talks to acquire over 40,000 towers from debt-laden Reliance Communications hit a snag.
* Board authorised co to continue evaluating selling shares in Bharti Infratel in one or more tranches from Airtel or unit Nettle Further company coverage:
* Q2 profit drops 17 pct, missing estimates (Recasting with Infratel to look at Indus deal)
* Says board decided to explore and evaluate acquisition of stake in one or more tranches in Indus Towers Limited