Bharti Infratel jumps on tower sharing pact

Tags: Companies
Shares in India's Bharti Infratel gain 5.3 percent after the company entered into a tower sharing pact with Reliance Jio Infocomm, Reliance Industries' telecom unit.

"Reliance Jio can hire nearly 5,000 towers from Bharti Infratel in FY15 which means a rental income of around 2 billion rupees for the company," an analysts tracking the sector said.

Reliance Industries and Bharti Airtel Ltd in December 2013 had agreed to share network infrastructure.

Bharti Infratel is the tower unit of Bharti Airtel.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Redefining the age of minors from 18 to 16 makes sense

    An issue that’s been simmering since the horrific gangrape of December 2013 is finally being laid to rest.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The difficulties with war history

There have been a series of commemorative events lately. Last ...

Anish Chakraborty

Betting big on Pascal’s wager

Blaise Pascal was a 17th century French philosopher mathematician and ...

Bubbles Sabharwal

The five cardinal rules of urban snobs

Believe it or not there is the unspoken-of society of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture