Bharti Infratel Bharti Airtel

Bharti Infratel has received approval from the Registrar of Companies for changing its name to Indus Towers, following the recent merger of the two companies to create a mega tower entity

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Bharti Infratel's transition to an independent telecom tower company and higher rentals on the back of data-driven expansion by telecom companies is expected to improve its return ratios and operational performance.Analysts believe the fall in its share price (down 31 per cent sine the October 2017 high) is unwarranted for a cash-generating business with robust long-term prospects. The key re-rating trigger remains its move to being an independent tower owner. Recently, Sunil Mittal, promoter of its parent company, Bharti Airtel, announced it would exit the tower company business and instead focus on mobility services. This will translate into a possible merger between Bharti Infratel and Indus Towers. While a majority sale stake to investors or tower companies will help Bharti Airtel monetise its investments, the merged entity will, say IIFL analysts, lead to a simpler structure, smaller overheads and greater bargaining power with telcos. Vivekanand Subbaraman of Ambit Capital also ..

Bharti Airtel, India's largest telecom operator, will primarily use the proceeds from this sale to pare its debt, a company statement said

In past one month, Bharti Airtel (up 32%) and Bharti Infratel (up 21%) had outperformed the market by gaining more than 20%, against 5% rise in the benchmark index till Thursday.