Bharti Airtel Ltd said Temasek Holdings, The Investment Corporation of Dubai, Goldman Sachs, Macquarie, AIF Capital, Citigroup and India Equity Partners have agreed to invest 1 bln usd in Bharti Infratel, a wholly-owned unit.Temasek will be the largest investor.
In a filing to the Bombay Stock Exchange, the telecom services provider said the enterprise value of Bharti Infratel has been agreed to be in the range of 10-12.5 bln usd.
Bharti Infratel holds about 42 pct in Indus Towers, the recently announced joint venture between Bharti, Vodafone and Idea Cellular Ltd.
Source: Hemscott