Bharti Infratel becomes Indus Tower on Friday

Bharti Infratel, the tower company spun out of Bharti Airtel, said it will change its name and ticker to Indus Tower on Friday, Dec 18. The name and stock ticker will come into effect on India’s major stock exchanges, including the NSE, on that day. The new ticker will be INDUSTOWER. The merger, originally designed […]

Bharti Infratel loses 22,134 tenancies in FY18, but Q4 revenue rises 4%

Bharti Infratel, the telecom tower company from the Bharti group, reported a modest 4% growth in sales and 2% improvement in net profit due to a loss of tenancies as well as increasing fuel costs. The company’s revenue rose 4.2% on year to Rs 1,673 cr in the fourth quarter, which, however represented a decline […]

Bharti Infratel to merge with Indus Towers before Vodafone-Idea deal?

UK’s Vodafone is looking to combine its stake in Indus Towers,┬áIndia’s largest tower company, with Bharti Infratel, the tower arm of market leader Bharti Airtel, on the basis of $5 bln valuation for its asset, the Economic Times reported, quoting unnamed sources. The move would seem to indicate an upcoming merger of Indus Towers and […]

Bharti Infratel to try to buy Vodafone & Idea stake in Indus Towers

Bharti Infratel, the tower arm of Bharti Airtel, said it has decided to explore the possibility of buying out the stakes of Idea Cellular and Vodafone in rival tower company Indus. Bharti and Vodafone currently own about 42% each in Indus, while Idea holds about 11%. As a result, anyone who buys the stakes of […]

Bharti Airtel Q1 revenue up 10%, profit down 12%

Tower provider Bharti Infratel reported a 10% growth in its revenue and profit for the first quarter. The Consolidated revenues for the quarter, at Rs. 3,524 Crore, was up by 10% over the corresponding period last year. Consolidated profit from operations improved to Rs 1,575 Crore, up 12% compared to last year. Operating margin was […]