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Bharti Infratel Limited
Sector:Telecom Telecom - Telecom - Others
BSE:534816NSE:INFRATELBloomberg:BHIN@INReuters:BHRI.BO
Market Lot: 1Face Value: 10ISIN Demat: INE121J01017
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02-Jul-2018
Financials
The company announced fall of 2.32% in consolidated net profit on y-o-y basis to Rs 6.06 billion, while total income dropped 100.00% y-o-y basis to Rs 0.00 million for the quarter ended March 2018.

Recent Developments
02-JUL-18
Bharti Infratel announced that the approval of Competition Commission of India (CCI) has been received for the proposed merger of Bharti Infratel and Indus Towers.

26-APR-18
The merger of Bharti Infratel with Indus Towers (Indus) reflects fierce price competition in the Indian telecoms market, which has created pressure for consolidation and on incumbents to sell assets to raise funds, says Fitch Ratings.

25-APR-18
Bharti Airtel, Idea Cellular (along with its subsidiary ABTL, Idea Group) and Vodafone Group announce that they have agreed to merge Vodafone's, Idea Group's and Providence Equity Partners' (Providence)respective shareholdings in Indus Towers (Indus Towers) into Bharti Infratel, creating a combined company that will own 100% of Indus Towers (the Transaction).

25-APR-18
Bharti Airtel, a leading private sector telecom company, in its board meeting held on April 24 2018 received the recommendation from its Committee of Directors and accordingly reviewed the options with regard to its stake in its subsidiary Bharti Infratel.

23-APR-18
Bharti Infratel disclosed a marginal rise in consolidated net profit for the quarter ended March 2018. During the quarter, the profit of the company rose 1.58% to Rs 6,060.00 million from Rs 5,966 million in the same quarter last year.

08-AUG-17
Bharti Airtel via its wholly owned subsidiary, Nettle Infrastructure Investments, today announced the successful divestment of 67.53 million shares of its subsidiary Bharti Infratel through a secondary share sale in the stock market (NSE, BSE).

09-MAY-17
Bharti Infratel disclosed a sharp drop in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company declined 16.95% to Rs 5,966.00 million from Rs 7,184.00 million in the same quarter last year.

27-JUL-16
Bharti Infratel announced a sharp rise in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 71.46% to Rs 7,570.00 million from Rs 4,415.00 million in the same quarter last year.



In Brief

 
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