Bharti Airtel may sell Bharti Infratel to Temasek or Warburg Pincus
Bharti Airtel may sell Bharti Infratel to Temasek or Warburg Pincus
Bharti Airtel moved up by about 2% today after news reports that Bharti Airtel may sell Bharti Infratel to a private equity player, hit the markets. It has been reported that Bharti Airtel is in talks with two private equity players, the government of Singapore promoted Temasek and US based Warburg Pincus. Bharti Airtel was a Warburg Pincus portfolio company. Infact, the Bharti Airtel - Warburg Pincus story has been a key catalyst in attracting a long line of global private equity (PE) investors to India since 2005, when Warburg Pincus exited Bharti Airtel making a return of over a billion dollars on the investment they made in Bharti Airtel in 2000-2001.
