Telecom Tower

Bharti Infratel IPO subscribed 1.3 times; gets bids worth Rs 4,365 cr

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.

Bharti Infratel IPO subscribed 15% on first day

The Rs 4,500-crore Bharti Infratel IPO, tipped as the second biggest public issue in two years, was subscribed 15 percent on the first day of the offer today.

Bharti Airtel tower unit IPO by year-end; to raise $1 bn

According to sources, Bharti Airtel's mobile phone tower unit has filed for an IPO in September which could raise nearly $1 billion in the country's biggest IPO in more than two years.

Bharti Infratel to talk to Reliance for tower lease

Bharti Infratel also expects faster network rollout in India by mobile carriers this fiscal year, Gupta

Airtel considers listing telecom tower arm Bharti Infratel

Bharti Infratel has more than 33,000 towers in operation. Bharti Airtel also holds 42 percent stake in joint venture tower company Indus Towers, which has over 1.10 lakh towers.

Delhi HC to hear PIL on Bharti Infratel listing on 30 Jan

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.

12th Plan suggests audit of spectrum usage, refarming of airwaves

The government needs to audit spectrum usage and refarming of airwaves to ensure efficient utilisation of the natural resource, the 12th Five Year Plan document has said.

Telecom tower valuations not good enough to raise funds?

Brokerage Goldman Sachs has reduced valuations of tower companies of Bharti, Idea and Reliance Communications to factor in weakening fundamentals.

RCom to consider tower stake sale next year

The company will also again attempt to list its undersea cable arm in Singapore when market conditions improve