Airtel 4G Tower Agreement

The combined value of the towers will likely be around $1 billion (Rs. 6.454 billion), although sellers have insisted on securing a valuation of more than $1.3 billion. The company today completed an 11.32 percent transfer of Bharti Infratel`s shares to Nettle Infrastructure Investments Ltd, a 100% subsidiary of the company, Given the economies of scale and efficiencies inherent in institutional acquisitions, these institutional sites help us effectively meet the growing demands of our clients. . . .

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