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Bharti Airtel firms up on sale of telecom towers worth $1 billion

Bharti Airtel has surged nearly 2% on the sale of its telecom towers in Nigeria for more than $1 billion

SI Reporter Mumbai
Last Updated : Sep 08 2014 | 10:47 AM IST
Shares of Bharti Airtel have surged nearly 2% to Rs 407.30 on the BSE in the early trades after reaching a consensus on the sale of its telecom towers in Nigeria for more than $1 billion within the next three weeks.
 
American Tower Company (ATC) is expected to be the leading buyer and is expected to buy 4,000 towers, followed by IHS Towers. 
 
The stock opened at Rs 405, touched a high of Rs 407.50 and a low of Rs 402 on the BSE. A total of 267,706 shares have been exchanged on the BSE so far.
 

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First Published: Sep 08 2014 | 10:44 AM IST

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