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Airtel revives plans to sell Sri Lanka, Bangladesh assets
Aug 28, 201501:31 PM
India's largest telecoms firm Bharti Airtel has revived plans to sell its Sri Lanka and Bangladesh operations and has appointed two bankers to conduct the sale.
The move is part of the company's plan to consolidate its operations, reduce debt and get out of unproductive, low-margin business.
Sources have told CNBC-TV18 that Etisalat and Orange are amongst interested players.
Airtel will seperately to look sell its towers business in Sri Lanka and Bangladesh (2,500 and 4,000, respectively). Bharti had in 2012 tried to sell the two assets but the move was not successful. When contacted, the company said it would not comment on market speculation. Etisalat and Orange were unavailable for comments.
moneycontrol.com
