Bharti Infratel

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Bharti Infratel Limited
Traded as
ISININE121J01017
IndustryTelecommunications
FoundedJuly 2007[1]
HeadquartersBharti Infratel Limited, 901 Park Centra, 9th floor, Sector 30 NH-8,
Gurugram
,
India[2]
Area served
India
Key people
[3][4][5]
RevenueDecrease ₹6,871.70 crore (US$960 million)[6] (2020)
Decrease ₹2,407.00 crore (US$340 million) [6] (2020)
Increase ₹3,298.70 crore (US$460 million) [6] (2020)
Total assetsIncrease ₹20,158.80 crore (US$2.8 billion)[7] (2020)
Total equityDecrease ₹13,542.30 crore (US$1.9 billion) [7] (2020)
Owner
Number of employees
1,248 (2018)[10]
ParentBharti Airtel (53.51%) [1]
Websitehttps://www.bharti-infratel.com/

Bharti Infratel Limited is a telecommunications infrastructure company which provides telecom infrastructure such as telecom towers fiber networks and other related infrastructure to Bharti Airtel and other telecommunications companies in India.[11] It is India's largest consolidated tower infrastructure companies, and its largest customers are Bharti Airtel and Vodafone Idea.[1] Bharti Infratel was the first Indian company to start a tower infrastructure sharing business and today Bharti Infratel is the market leader in this segment.[12] The company has a 42% equity stake in Indus towers which was created as a joint venture between Bharti Airtel and the now merged Vodafone Idea and operates over 42,053 individual telecom towers across 11 telecom circles all over India.[11][13][14]

As of 2020, the company's revenues stood at ₹6,871.70 crore (US$960 million) while its total assets stood at ₹20,158.80 crore (US$2.8 billion).[6][7] The company is currently owned by Bharti Airtel (33.57%) and Nettle Infrastructure Investments Limited (19.94%). Nettle Infrastructure Investments Limited is a wholly owned subsidiary of Bharti Airtel thus making Airtel the parent company with a 53.51% combined stake.[8][15][9]

According to reports, the company is likely to be excluded from the NIFTY 50 index upon its bi-annual reconstitution.[16][17]

Indus Towers merger[edit]

A merger between Bharti Infratel and Indus Towers had been proposed as per a deal in April 2018 and was originally planned to go through before October 2019. However due to delays in approvals it was postponed to December 2019 by when the Department of Telecommunications was supposed to give its approval. Owing to further delays by the DOT and the National Company Law Tribunal the deadline was extended multiple times to 24 June.[18][19] After the merger Vodafone Idea is reportedly going to divest its stake in the entity. The merger received FDI approval and is now due to be completed by 31 August.[20] Post merger the combined entity is reported to become the second largest telecom tower infrastructure operator worldwide.[21]

References[edit]

  1. ↑ 1.0 1.1 1.2 "Bharti Infratel Ltd". Business Standard India. Retrieved 24 June 2020.
  2. ↑ "Contact US – Bharti Infratel India". www.bharti-infratel.com. Retrieved 8 August 2020.
  3. ↑ "Bharti Infratel re-appoints D S Rawat as MD & CEO; Rajinder Pal Singh re-appointed as Independent Director". www.indiainfoline.com. Retrieved 8 August 2020.
  4. ↑ "Bharti Infratel appoints Pooja Jain as CFO". The Statesman. 3 June 2020. Retrieved 8 August 2020.
  5. ↑ www.ETTelecom.com. "Free 5G bandwidth to augment fixedline connectivity: Bharti Infratel's Akhil Gupta - ET Telecom". ETTelecom.com. Retrieved 8 August 2020.
  6. ↑ 6.0 6.1 6.2 6.3 "Bharti Infratel Consolidated Profit & Loss account, Bharti Infratel Financial Statement & Accounts". www.moneycontrol.com. Retrieved 30 June 2020.
  7. ↑ 7.0 7.1 7.2 "Bharti Infratel Consolidated Balance Sheet, Bharti Infratel Financial Statement & Accounts". www.moneycontrol.com. Retrieved 30 June 2020.
  8. ↑ 8.0 8.1 "Latest Shareholding Pattern - Bharti Infratel Ltd". trendlyne.com. Retrieved 8 August 2020.
  9. ↑ 9.0 9.1 "Airtel transfers another 16.76% stake in Infratel to Nettle Infrastructure". www.businesstoday.in. Retrieved 8 August 2020.
  10. ↑ "Infratel-Indus mega tower merger unlikely to hit jobs: Bharti official". The Economic Times. Retrieved 8 August 2020.
  11. ↑ 11.0 11.1 "Investor Relations - Bharti Infratel". www.bharti-infratel.com. Retrieved 24 June 2020.
  12. ↑ "Bharti Infratel". www.bharti-infratel.com. Retrieved 24 June 2020.
  13. ↑ "Overview - tower Telecom infrastructure". www.bharti-infratel.com. Retrieved 24 June 2020.
  14. ↑ Awasare, Anuja (13 July 2018). "Indus Towers: World's largest tower company: Forced Exit by Idea & Providence?". M&A Critique. Retrieved 1 July 2020.
  15. ↑ "Bharti Infratel >> Shareholding Pattern - Promoter and Promoter Group - September 2019". www.moneycontrol.com. Retrieved 8 August 2020.
  16. ↑ Wadhwa, Puneet (31 July 2020). "Zee Ent, GAIL India, Bharti Infratel may be excluded from Nifty: Report". Business Standard India. Retrieved 8 August 2020.
  17. ↑ "Nifty rejig: Vedanta, Zee, Bharti Infratel and GAIL may be excluded in next review". Moneycontrol. Retrieved 8 August 2020.
  18. ↑ "Bharti Infratel-Indus Towers merger may finally go through: Here's what the deal could look like". cnbctv18.com. Retrieved 1 July 2020.
  19. ↑ Leo, Leroy (23 April 2020). "Lockdown delays Bharti Infratel-Indus Towers merger, deal postponed for 4th time". Livemint. Retrieved 8 August 2020.
  20. ↑ "Vodafone Idea to divest stake in Indus Towers after Infratel merger". Moneycontrol. Retrieved 1 July 2020.
  21. ↑ Gupta, Deepali; Barman, Arijit. "Bharti Infratel ringing in merger with Indus to create world's largest telco". The Economic Times. Retrieved 23 July 2020.
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