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Bharti Airtel looks to consortium for $4bn Infratel stake sale

( October 31, 2016, 05:15 GMT | Insight) -- Bharti Airtel could sell as much as 40 percent of Bharti Infratel to a group of financial investors, private equity major KKR and the Canada Pension Plan Investment Board among them, the Economic Times reports, citing industry sources. Bharti Airtel could sell as much as 40 percent of Bharti Infratel to a group of financial investors, private equity major KKR and the Canada Pension Plan Investment Board among them, the Economic Times reports, citing industry sources. Infratel is Bharti’s telecoms tower business, of which Airtel currently owns 71.96 percent. The stake could be worth around $4 billion, based on Infratel’s current market value. The move would give Bharti more room financially to compete against deep-pocketed rivals Vodafone and Reliance Jio Infocomm. If completed, the deal would be India's largest telecoms tower transaction to date. ...

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