Indian industry shift helps Bharti Infratel block

Bharti Airtel sold another stake in its tower business on the back of the dynamic changes in India's telecommunications sector, raising $402 million despite muted ECM conditions.

India’s largest telecommunications company Bharti Airtel sold a small chunk of its stake in tower subsidiary Bharti Infratel late on Monday, raising Rp25.6 billion ($402 million) to help fund increased capital spending this year as it battles with increased competition at home.

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