Airtel will also look to sell part of its stake in the $14.6 billion tower giant after Bharti Infratel merges with Indus Towers. The unit will house about $2.3 billion of debt, pushing its enterprise value to $8.3 billion, the person said. A Bharti Airtel spokesman declined to comment. In 2016, Bharti Airtel also sold its Burkina Faso and Sierra Leone units. Bharti Airtel in 2010 acquired the African assets of Kuwait’s Mobile Telecommunications Co., also known as Zain, for an enterprise valuation of $10.7 billion.

Source: Mint May 09, 2018 12:11 UTC