Bharti Airtel is planning to sell some more tower units in the Bharti group`s tower company, Bharti Infratel, reports DNA.
Bharti Airtel joint managing director Akhil Gupta said that some investors, who got left out in the previous round because of its timing, would be accommodated now.
The investment this time round is likely to be lower than USD 1 billion.
In December 2007, global investors including Temasek Holdings, Goldman Sachs, Macquarie, Citigroup, Investment Corporation of Dubai, AIF Capital and India Equity Partners had together put in USD 1 billion in Bharti Infratel for around 8 to 10% stake. The enterprise valuation of Bharti Infratel was estimated in the range of USD 10 to USD 12.5 billion. ( My Iris)