Bharti Infratel

Bharti Infratel's fourth quarter net up 64 percent

Bharti-InfratelNew Delhi, April 24 : Telecom tower provider Bharti Infratel's net profit for the fourth quarter (January-March) of 2013-14 jumped by 64 percent, a company statement said here Thursday.

The company posted net profit of Rs. 472 crore during the fourth quarter of 2013-14 compared to Rs. 287 crore it posted during the corresponding period in 2012-13.

The revenue of the company increased by 4 percent. The company clocked Rs. 2,790 crore revenue during the fourth quarter of 2013-14 compared to Rs. 2,674 crore during corresponding period 2012-13.

Bharti Infratel stock jumps after announcement of tower-sharing agreement

Bharti InfratelShares of Bharti Infratel gained more than 4 per cent in early morning trade on Wednesday after the company announced a tower-sharing agreement with Reliance Jio Infocomm.

Bharti Infratel on Tuesday announced that it had signed a Master Services Agreement with Reliance's telecommunications subsidiary for sharing of telecom tower infrastructure. The announcement was made after market hours yesterday.

Reliance Jio, Bharti Infratel to share tower infra

Bharti-Infratel-Reliance-JioNew Delhi, March 4 : Reliance Jio Infocomm would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country, the company said here Tuesday after the two firms signed an agreement in this regard.

Bharti Infratel posts 12 percent net profit in Q2

Bharti-InfratelNew Delhi, Oct 28 : Telecommunication tower operator Bharti Infratel Monday posted net profit of 12 percent for the July-September quarter of the current fiscal (2013-14).

It deploys, owns and manages telecom towers and communication structures, for various mobile operators. It mentioned that the net profit went up to Rs. 277 crore during the second quarter of the current fiscal from Rs. 248 crore posted during the corresponding period last fiscal.

Bharti Infratel reports 31% rise in net profit at Rs 254 crore

Bharti Infratel reports 31% rise in net profit at Rs 254 croreBharti Infratel, the cellular business of Bharti Airtel, said that its net profit has risen 31 per cent to Rs. 254 crore during the third quarter of the year compared to the same quarter of the previous year.

The company had recorded a net profit of Rs. 194 crore during the third quarter of the previous financial year. The company's total operational revenues increased 8 per cent to Rs. 2,626 crore during the third quarter from October to December, 2012 compared to Rs 2,424 crore recorded in the same quarter of 2011.

Investment banks looking to manage IPOs

IPOsInvestment banks in are increasing looking to offer their experience and ability to manage the initial public offerings (IPOs) hat are coming to the market.

Amid weak response from the primary market and falling deal volumes, the investment banks are looking to a part of the IPOs to stay relevant in the market place. The situations units well to the companies as the involvement of investment banks help attract more retail investors in the country.

Bharti Infra issue subscribed 1.3 times

Bharti Infra issue subscribed 1.3 timesBharti Infratel's received total subscription of more than Rs 4,365 crore or 1.3 times of the size of the issue on its final day, on Friday.

As per data released by the National Stock Exchange (NSE), the IPO attracted bids for more than 20.78 crore shares, of the 18.89 crore equity shares that the company offered in the main book building process.

While the response to the IPO from retail and non-institutional investors was fully muted, response from qualified institutional investors was impressively good.

We knew institutional investors would support IPO strongly, says Mittal

We knew institutional investors would support IPO strongly, says MittalSunil Mittal, the head of telecommunication giant Bharti, has said that the the copany knew that the institutional investors and especially those from abroad would be strong supporters of the Initial Public Offering of Bharti Infratel.

“We had a reasonably good visibility of the pipeline of the book there and we are close to 3 times the quota that we had kept for the qualified investors, and that has happened. We are very pleased with that,” he said.

Bharti Infratel’s issue to test scale of investors’ interest in Indian IPOs

Bharti Infratel’s issue to test scale of investors’ interest in Indian IPOsBharti Infratel Ltd's initial public offering (IPO), which opened for retail investors on Tuesday, will test investors' sentiment for Indian IPOs.

Bharti Infratel, a division of India's leading mobile-phone services provider Bharti Airtel Ltd., has priced the issue at Rs 210-240 per share. At the lower end of the price band it would garner Rs 3,967 crore, while at the upper end it would raise nearly Rs 4,534 crore.

4G services will take couple of years to proliferate: says Bharti Infratel chairman

4G services will take couple of years to proliferate: says Bharti Infratel chairman Efforts are already being made to launch 4G (fourth-generation) telecommunications services in select centres but it would consume a couple of years for these services to proliferate, Bharti Infratel Chairman Rakesh Bharti Mittal said.

Mr. Mittal said that 4G services required upgrading of existing infrastructure at the operator level and network, and also required mobile phones capable of handling 4G services.

Primary market showing signs of revival this year

Primary market showing signs of revival this yearThe primary market remained latent in the past many quarters, but observers are foreseeing signs of revival as a numerous companies have plans to announce public issues in the coming months.

The upcoming public issues can be largely classified into three categories, viz. initial public offerings (IPOs), follow-on public offers (FPOs) and rights issues.

Many companies like Bharti Infratel had long been the investor sentiment to improve. It recently announced its IPO that aims to fetch about Rs 4,500 crore for the company.

Bharti Infratel’s IPO expected to generate up to Rs 4,500 crore

Bharti Infratel’s IPO expected to generate up to Rs 4,500 crore Sunil Mittal-led Bharti Infratel Ltd is expected to pocket nearly Rs 4,530 crore from its newly announced initial public offer (IPO), for which the company has set a price band of Rs 210 to Rs 240 per share.

Bharti Infratel will offload its 10 per cent share, or sell 188.9 million shares, through the IPO. For retail investors, the issue will be launched on 11th of December and close on 14th of the same month. For anchor investors, it will be launched a day earlier - 10th of December.

Bharti Infratel aiming to raise $900 million through IPO

Bharti-InfrateBharti Infratel Ltd is planning to launch its initial public offering (IPO) aiming to raise about 900 million on December 10.

The IPO of Bharti Infratel, which is the telecommunications tower arm of Bharti Airtel, is likely to be the country's biggest IPO in almost two years since Coal India raised $3.5 billion. According to company officials, a sale of 10 percent in Bharti Infratel could raise $800 million to $900 million.

Bharti Infratel gets new CEO

Bharti-InfratelIn a major change at the human resources level, Bharti Infratel has got a new CEO, Devender Singh Rawat is going to replace Prem Pradeep. Devender will now be reporting to managing director of Bharti Infratel, Akhil Gupta.

Bharti Infratel is the telecom tower infrastructure wing of Bharti Enterprises'.

Rawat has jumped up from his earlier post as the Executive Director of Huawei Technologies and Bharti with his experience which spans over 14 years.

He was earlier employed with Escotel and Ericsson and has long been associated with the telecommunication industry.




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