The industry members highlighted various issues including multiple restrictions by state and municipal authorities in setting up telecom infrastructure, concerns around radiation and taxation.
Infratel has over 36,381 standalone mobile towers spread across 18 states under 11 telecom circles. <br />
All the 18 donations, the trust said in its filing to CBDT and EC, were received through account payee cheques except one which was obtained through the RTGS mode of bank deposits.
As of end-June, Bharti Airtel owned 79.4 percent of Bharti Infratel, which is a mobile phone mast operator.<br />
Will the market be disrupted by Reliance, now that it has gained unprecedented muscle? Does this mean a back end infrastructure giant will gain monopolistic control over a deeply fragmented front end business of telecom as well? Should other telecom players be scared of the new behemoth?
"The said merger has become effective i.e. June 11, 2013," it added
Bharti Infratel also expects faster network rollout in India by mobile carriers this fiscal year, Gupta
Indian companies mopped-up over Rs 6,000 crore during fiscal 2012-13 through initial public offerings (IPOs), a marginal rise of four per cent from the past year.
The company, which is part of telecom giant Bharti Airtel group, raised over Rs 4,000 crore through its IPO.
Telecom tower firm Bharti Infratel today announced it is has appointed Sunil Khurana as Chief Operations Officer (COO) of the company.
The Delhi HC would hear on January 30 a PIL seeking inspection of records of market regulator SEBI on permitting Bharti Infratel Ltd (BIL) to issue public offerings for its cell phone towers installations allegedly without considering the radiation norms compliance.
Equity markets closed with gains for the week amid general bullishness hoping for positive start to the new year.
Indian telecommunications tower operator Bharti Infratel priced its initial public offering near the lower end of an indicative price range, raising about $764 million in the country's biggest IPO in two years.
Given the turbulent phase the telecom sector in India is going through, it would have been a surprise if the issue elicited a better response.
The biggest initial public offer in over 2 year, made by telecom tower company Bharti Infratel, has received total subscription of over Rs 4,365 crore or 1.3 times the issue size on its last day today.