Bharti Airtel considering IPO of tower unit

INDIA-BHARTI-INFRATEL:Bharti Airtel considering IPO of tower unit

 

REUTERS - India's top telecoms carrier Bharti Airtel said on Wednesday it is considering an initial public offering of its tower unit, Bharti Infratel Ltd.

Earlier, Bharti Airtel reported its 10th straight quarter of profit decline as competition squeezed margins despite gaining subscriber market share from some of its smaller rivals.