Airtel drops plan to sell controlling stake in Infratel
India’s largest mobile operator Bharti Airtel dropped plans to sell a controlling interest in its mobile tower company Bharti Infratel, but will offload a near 22 per cent stake The Economic Times (ET) reported.
Bharti Infratel reports strong Q3
Indian tower operator Bharti Infratel, benefiting from higher operator capex and falling energy costs, reported strong profit and revenue growth in the last quarter. Its profit for fiscal Q3 ending 31 December increased 23 per cent year-on-year to INR5.
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