Moody's: Bharti's Ratings Unaffected by Announced Stake Sale in Bharti Infratel
Announcement: Moody's: Bharti's Ratings Unaffected by Announced Stake Sale in Bharti Infratel. Global Credit Research- 30 Mar 2017. Hong Kong, March 30, 2017-- Moody's Investors Service says Bharti Airtel Ltd.' s announcement on 28 March, that it successfully completed the secondary sale of over 191 million shares, or 10.3%, of its subsidiary, Bharti Infratel Limited, to a consortium of funds advised by KKR and the Canada Pension Plan Investment Board for a total of around INR 61.9...Bharti Airtel provides telecommunication systems and services to individuals and businesses in India with operations in 20 countries across Asia and Africa. In India, Co.'s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Co. had nearly 287 million customers across its operations at the end of Dec 2013.
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