No IPO for Bharti Infratel this fiscal year, says executive

30 Sep 2011

Contrary to earlier reports, India’s Bharti Airtel is unlikely to launch an initial public offer (IPO) at its wireless tower unit Bharti Infratel in the current financial year ending March, according to its deputy group CEO, Akhil Gupta. As quoted by Reuters, the executive told reporters: ‘There are no immediate plans but on a long term basis I have always said these companies should, at an appropriate time go and get listed… I would think that this fiscal year definitely it cannot happen.’ Sources told Reuters in July that Bharti Infratel was expected to file regulatory papers in September or October for an IPO of minimum value of USD500 million.

India, Bharti Airtel