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Bharti Airtel yet to decide on telecom tower unit IPO

Bharti Airtel yet to decide on telecom tower unit IPO
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First Published: Thu, Sep 01 2011. 06 58 PM IST
Updated: Thu, Sep 01 2011. 06 58 PM IST
New Delhi: Bharti Airtel, India’s top mobile phone carrier, has not yet decided on a possible initial public offering (IPO) of its telecom tower unit, its chairman said on Thursday.
“We look at various options. At the moment, there is no decision,” Sunil Mittal said, adding the company has not yet mandated merchant bankers for a share sale.
Sources had told Reuters in July that Bharti Infratel, the mobile phone carrier’s telecoms tower arm, was looking at a minimum $500 million IPO, for which it would likely file regulatory papers in September or October.
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First Published: Thu, Sep 01 2011. 06 58 PM IST
More Topics: Bharti | Tower | IPO | Tower Business | Airtel |