Bharti Airtel planning to list a tower unit

[Mr.Bhat]

The country's leading telecom operator, Bharti Airtel, is looking at listing one of its tower units — Bharti Infratel or Indus — in the next fiscal.

"It is possible that we could look at the Initial Public Offer of Infratel or Indus next fiscal looking at their financial fundamentals," Bharti Enterprises Group CFO Manik Jhangiani said here.

Bharti Infratel is a wholly-owned subsidiary of Bharti Airtel, while Indus Towers is an independent tower company floated by Bharti Airtel, Vodafone and Idea to share passive infrastructure with all telecom players.

While Bharti Airtel and Vodafone hold 42 per cent stake each, in the company, the remaining 16 per cent is held by Idea Cellular.