Page 4 - Bharti Infratel

No change in Bharti Infratel's Q4 net amid merger with Indus Towers

It's net profit was Rs 606 crore in the same quarter a year before

Bharti Infratel, Brookfield eye tower assets of debt-ridden RCom

Bharti Infratel, the mobile tower arm of Bharti Airtel, is undergoing a reverse merger with Indus Towers and will soon be the largest player in the sector with 165,000 towers

Bharti Infratel settles tower exits with four operators for Rs 3,800 crore

Chairman Akhil Gupta said that all the charges with Airtel, Tata, Telenor, Vodafone Idea have been settled for all exits that were received up to November 30, 2018

Bharti Infratel net profit up 11% to Rs 648 crore in December quarter

It remains upbeat about growth prospects fuelled by the next round of network expansion by operators, for both 4G services and the rapidly-evolving 5G

Weak telco financials could dent Bharti Infratel's plans; stock falls

Improvement after Indus merger has been factored in, but valuations not demanding

No upside triggers for Bharti Infratel; competitive pressure to impact biz

Analysts had expected a lower figure for the tenancy loss after the merger of Vodafone and Idea

S Balasubramanian replaces Pankaj Miglani as Bharti Infratel CFO on Aug 10

Balasubramanian joined Bharti Airtel in 2005 and has held several finance leadership roles including Global Financial Controller, Global Head of Shared Services and Chief Accounting Officer

Bharti Infratel-Indus deal positive but Vodafone-Idea overhang a concern

Valuations a tad in favour of Indus; impact of Voda-Idea merger suggests tenancies to remain under pressure

Bharti Infratel hits 52-week low on disappointing Q4 results

The stock hit 52-week low of Rs 316, down 3.6% on the BSE in intra-day trade

Bharti Infratel Q4 profit at Rs 6 bn, misses estimates on drop in tenancies

The company lost 22,134 co-locations during the year, Bharti Infratel added

Tower consolidation signals revenue headwinds for Bharti Infratel

If the company acquires the balance 58% stake in Indus Tower, its tower network will be two and a half times the second-placed competitor

Bharti Infratel down 5% as Q3 profit misses estimates

In past three months the stock has fallen 27%, as compared to 8.6% rise in the S&P BSE Sensex.

Bharti Infratel downgrade cycle likely to continue over next three quarters

The de-rating and downgrade cycle for Bharti Infratel which started a month before is expected to continue over the next three quarters. December quarter numbers will give an idea of the pressure the company faces, given tenancy losses from RCom's wireless business exit and shutdown of operations by Aircel in six circles. Revenue growth is expected to be flat on a sequential basis. This will continue in the March quarter as Aircel curtails operations. From the first half of FY19 as Vodafone and Idea Cellular merge operations, their overlapping tenancies would get accounted as loading instead of separate tenancies. Himanshu Shah of HDFC Securities had in a report earlier this week said multiple de-rating of the stock was inevitable. He expects a potential reduction of 60,000 to 65,000 tenancies from the merged entities. He believes Bharti Infratel's operating profit will be impacted by 15 per cent and earnings per share (EPS) by 25 per cent. With the impending business risk and ...

Airtel sells 4.49% stake in Infratel, raises Rs 3,325

Bharti Airtel has divested 83 million shares, comprising 4.49 per cent stake, in tower subsidiary Bharti Infratel to raise Rs 3,325 crore.This is to primarily be used to pare debt as the country's largest telecom operator by market share tries to strengthen itself to fight competition from Reliance Jio and the Idea-Vodafone combine.This is the third such sale of shares by Airtel in its tower unit this year. It wants the money to deleverage its balance sheet and invest in infrastructure to upgrade its fourth-generation technology (4G) capability. Consolidated debt as on end-September was Rs 91,480 crore.After the latest transaction, Bharti Airtel and its wholly owned subsidiaries together have equity of 53.51 per cent (it was earlier 58 per cent) in Bharti Infratel, the company stated. The sale was done by Airtel via a wholly-owned subsidiary, Nettle Infrastructure Investments.Bharti Airtel recently had made clear it was open to sale of its controlling stake in Bharti Infratel. It had .

Bharti Infratel down 4% after block deals

The stock dipped 4% to Rs 398 on the NSE in intra-day trade, its lowest level since September 29, 2017.

Bharti Infratel rebounds 5% from intraday low

The stock moved higher by 3% to Rs 442, bouncing back 5% from its early morning low of Rs 419 on the BSE.

Bharti Infratel plans to acquire Indus Towers

The deal, when completed, is expected to create India's largest mobile tower company

Bharti Infratel extends rally on talk of tower deal; stock hits 52-wk high

The stock hit a 52-week high of Rs 434, up 6%, extending its Wednesday's 3% gain on the NSE.

Bharti Infratel falls 5% after huge block deals

The stock dipped 5% to Rs 380 on BSE in early morning deal.

Bharti Infratel Q4 profit falls 17%, misses estimates

Consolidated expenses rose about 8.5 per cent to Rs 1133 crore