CleanupBot at 04:07, 11 December 2022

2022-12-11T04:07:39Z

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{{short description|Indian telecommunications infrastructure company}}
{{Use Indian English|date=July 2020}}
{{Use dmy dates|date=September 2020}}

{{Infobox company
| name = Bharti Infratel Limited
| logo = File:Bharti Infratel SVG logo.svg
| type = [[Public]]
| traded_as = {{ubl|{{NSE|INFRATEL}}|
{{BSE|534816}}}}
| ISIN = INE121J01017
| industry = [[Telecommunications]]
| founded = July 2007<ref name="auto">{{Cite news|title=Bharti Infratel Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/bharti-infratel-40279/information/company-history|access-date=24 June 2020}}</ref>
| hq_location = Bharti Infratel Limited, 901 Park Centra, 9th floor, Sector 30
NH-8
| hq_location_city = [[Gurgaon|Gurugram]]
| hq_location_country = [[India]]<ref>{{Cite web|title=Contact US – Bharti Infratel India|url=https://www.bharti-infratel.com/cps-portal/web/circle-contact.html|access-date=8 August 2020|website=www.bharti-infratel.com}}</ref>
| area_served = [[India]]
| key_people = {{ubl|D. S. Rawat ([[Director (business)#Managing director|MD&CEO]])|Akhil Gupta ([[Chairman]])|Pooja Jain ([[Chief financial officer|CFO]])}}<ref>{{Cite web|title=Bharti Infratel re-appoints D S Rawat as MD & CEO; Rajinder Pal Singh re-appointed as Independent Director|url=https://www.indiainfoline.com/article/news-sector-telecom/bharti-infratel-re-appoints-d-s-rawat-as-md-ceo-rajinder-pal-singh-re-appointed-as-independent-director-120080600696_1.html|access-date=8 August 2020|website=www.indiainfoline.com|language=en}}</ref><ref>{{Cite web|date=3 June 2020|title=Bharti Infratel appoints Pooja Jain as CFO|url=https://www.thestatesman.com/business/bharti-infratel-appoints-pooja-jain-cfo-1502895896.html|access-date=8 August 2020|website=The Statesman|language=en-US}}</ref><ref>{{Cite web|last=www.ETTelecom.com|title=Free 5G bandwidth to augment fixedline connectivity: Bharti Infratel's Akhil Gupta - ET Telecom|url=https://telecom.economictimes.indiatimes.com/news/free-5g-bandwidth-to-augment-fixedline-connectivity-bharti-infratels-akhil-gupta/75739325|access-date=8 August 2020|website=ETTelecom.com|language=en}}</ref>
| revenue = {{Decrease}} {{INRConvert|6871.70|c}}<ref name=p>{{Cite web|title=Bharti Infratel Consolidated Profit & Loss account, Bharti Infratel Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/bhartiinfratel/consolidated-profit-lossVI/BI14|access-date=30 June 2020|website=www.moneycontrol.com|language=en}}</ref>
| revenue_year = 2020
| operating_income = {{Decrease}} {{INRConvert|2407.00|c}} <ref name=p/>
| income_year = 2020
| net_income = {{Increase}} {{INRConvert|3298.70|c}} <ref name=p/>
| net_income_year = 2020
| assets = {{Increase}} {{INRConvert|20158.80|c}}<ref name=b>{{Cite web|title=Bharti Infratel Consolidated Balance Sheet, Bharti Infratel Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/bhartiinfratel/consolidated-balance-sheetVI/BI14|access-date=30 June 2020|website=www.moneycontrol.com|language=en}}</ref>
| assets_year = 2020
| equity = {{Decrease}} {{INRConvert|13542.30|c}} <ref name=b/>
| equity_year = 2020
| owner = {{ubl|[[Bharti Airtel]] (33.57%) <ref name="trendlyne.com">{{Cite web|title=Latest Shareholding Pattern - Bharti Infratel Ltd.|url=https://trendlyne.com/equity/share-holding/629/INFRATEL/latest/bharti-infratel-ltd/|access-date=8 August 2020|website=trendlyne.com}}</ref>|
Nettle Infrastructure Investments Limited (19.94%) <ref name="businesstoday.in">{{Cite web|title=Airtel transfers another 16.76% stake in Infratel to Nettle Infrastructure|url=https://www.businesstoday.in/sectors/telecom/airtel-transfers-another-1676-stake-in-infratel-to-nettle-infrastructure/story/329469.html|access-date=8 August 2020|website=www.businesstoday.in}}</ref>}}
| num_employees = 1,248 (2018)<ref>{{Cite news|title=Infratel-Indus mega tower merger unlikely to hit jobs: Bharti official|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/internet/infratel-indus-mega-tower-merger-unlikely-to-hit-jobs-bharti-official/articleshow/64145286.cms|access-date=8 August 2020}}</ref>
| parent = [[Bharti Airtel]] (53.51%) <ref name="auto"/>
| website = https://www.bharti-infratel.com/
}}

'''Bharti Infratel''' '''Limited''' is a [[Telecommunications in India|telecommunications]] infrastructure company which provides telecom infrastructure such as telecom towers fiber networks and other related infrastructure to [[Bharti Airtel]] and other [[telecommunication]]s companies in [[India]].<ref name=":0">{{Cite web|title=Investor Relations - Bharti Infratel|url=https://www.bharti-infratel.com/cps-portal/web/company-profile.html|access-date=24 June 2020|website=www.bharti-infratel.com}}</ref> It is India's largest consolidated tower infrastructure companies, and its largest customers are [[Bharti Airtel]] and [[Vodafone Idea]].<ref name="auto"/> Bharti Infratel was the first Indian company to start a tower infrastructure sharing business and today Bharti Infratel is the market leader in this segment.<ref>{{Cite web|title=Bharti Infratel|url=https://www.bharti-infratel.com/|access-date=24 June 2020|website=www.bharti-infratel.com}}</ref> The company has a 42% equity stake in Indus towers which was created as a [[joint venture]] between [[Bharti Airtel]] and the now merged [[Vodafone Idea]] and operates over 42,053 individual telecom towers across 11 telecom circles all over India.<ref name=":0" /><ref>{{Cite web|title=Overview - tower Telecom infrastructure|url=http://www.bharti-infratel.com/cps-portal/web/overview.html|access-date=24 June 2020|website=www.bharti-infratel.com}}</ref><ref>{{Cite web|last=Awasare|first=Anuja|date=13 July 2018|title=Indus Towers: World's largest tower company: Forced Exit by Idea & Providence?|url=https://mnacritique.mergersindia.com/indus-towers-bharti-infratel-merger-exit-idea/|access-date=1 July 2020|website=M&A Critique|language=en-US}}</ref>

As of 2020, the company's revenues stood at ₹6,871.70 crore (US$960 million) while its total assets stood at ₹20,158.80 crore (US$2.8 billion).<ref name="p"/><ref name="b"/> The company is currently owned by [[Bharti Airtel]] (33.57%) and Nettle Infrastructure Investments Limited (19.94%). Nettle Infrastructure Investments Limited is a wholly owned subsidiary of [[Bharti Airtel]] thus making Airtel the parent company with a 53.51% combined stake.<ref name="trendlyne.com">{{Cite web|title=Latest Shareholding Pattern - Bharti Infratel Ltd.|url=https://trendlyne.com/equity/share-holding/629/INFRATEL/latest/bharti-infratel-ltd/|access-date=8 August 2020|website=trendlyne.com}}</ref><ref>{{Cite web|title=Bharti Infratel >> Shareholding Pattern - Promoter and Promoter Group - September 2019|url=https://www.moneycontrol.com/bse/shareholding/shp_promoters.php?sc_dispid=BI14&classic=true|access-date=8 August 2020|website=www.moneycontrol.com|language=en}}</ref><ref name="businesstoday.in">{{Cite web|title=Airtel transfers another 16.76% stake in Infratel to Nettle Infrastructure|url=https://www.businesstoday.in/sectors/telecom/airtel-transfers-another-1676-stake-in-infratel-to-nettle-infrastructure/story/329469.html|access-date=8 August 2020|website=www.businesstoday.in}}</ref>

According to reports, the company is likely to be excluded from the [[NIFTY 50]] [[Stock market index|index]] upon its bi-annual reconstitution.<ref>{{Cite news|last=Wadhwa|first=Puneet|date=31 July 2020|title=Zee Ent, GAIL India, Bharti Infratel may be excluded from Nifty: Report|work=Business Standard India|url=https://www.business-standard.com/article/markets/zee-ent-gail-india-bharti-infratel-may-be-excluded-from-nifty-report-120073100587_1.html|access-date=8 August 2020}}</ref><ref>{{Cite web|title=Nifty rejig: Vedanta, Zee, Bharti Infratel and GAIL may be excluded in next review|url=https://www.moneycontrol.com/news/business/markets/nifty-rejig-vedanta-zee-bharti-infratel-and-gail-may-be-excluded-in-next-review-5469751.html|access-date=8 August 2020|website=Moneycontrol}}</ref>

== Indus Towers merger ==
A [[Mergers and acquisitions|merger]] between Bharti Infratel and [[Indus Towers]] had been proposed as per a deal in April 2018 and was originally planned to go through before October 2019. However due to delays in approvals it was postponed to December 2019 by when the [[Department of Telecommunications]] was supposed to give its approval. Owing to further delays by the [[Department of Telecommunications|DOT]] and the [[National Company Law Tribunal]] the deadline was extended multiple times to 24 June.<ref>{{Cite web|title=Bharti Infratel-Indus Towers merger may finally go through: Here's what the deal could look like|url=https://www.cnbctv18.com/telecom/bharti-infratel-indus-tower-merger-may-finally-go-through-heres-what-the-deal-could-look-like-6108991.htm|access-date=1 July 2020|website=cnbctv18.com|language=en-US}}</ref><ref>{{Cite web|last=Leo|first=Leroy|date=23 April 2020|title=Lockdown delays Bharti Infratel-Indus Towers merger, deal postponed for 4th time|url=https://www.livemint.com/companies/news/lockdown-delays-bharti-infratel-indus-towers-merger-deal-postponed-for-4th-time-11587648419533.html|access-date=8 August 2020|website=Livemint|language=en}}</ref> After the merger [[Vodafone Idea]] is reportedly going to divest its stake in the entity. The merger received [[Foreign direct investment|FDI]] approval and is now due to be completed by 31 August.<ref>{{Cite web|title=Vodafone Idea to divest stake in Indus Towers after Infratel merger|url=https://www.moneycontrol.com/news/business/companies/vodafone-idea-to-divest-stake-in-indus-towers-after-infratel-merger-5486241.html|access-date=1 July 2020|website=Moneycontrol}}</ref> Post merger the combined entity is reported to become the second largest telecom tower infrastructure operator worldwide.<ref>{{Cite news|last1=Gupta|first1=Deepali|last2=Barman|first2=Arijit|title=Bharti Infratel ringing in merger with Indus to create world's largest telco|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/indus-set-to-merge-with-bharti-infratel-to-create-worlds-largest-towers-co/articleshow/63904128.cms?from=mdr|access-date=23 July 2020}}</ref>

== References ==

{{reflist}}

{{Bharti Enterprises}}
[[Category:2007 establishments in Haryana]]
[[Category:Telecommunications companies of India]]
[[Category:Indian companies established in 2007]]
[[Category:Bharti Airtel]]
[[Category:Companies based in Gurgaon]]

Bharti Infratel - Revision history

CleanupBot at 04:07, 11 December 2022