Bharti Infratel Expected to Begin IPO on Dec 10

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November 23, 2012 4:03 PM EST

Bharti Infratel Ltd, the telecommunications tower arm of top Indian mobile phone carrier Bharti Airtel (BRTI.NS), is likely to launch on December 10 its up to $900 million initial public offering, three sources with direct knowledge said.

The share sale could raise $800 million to $900 million, the sources said. Bharti Infratel and four private equity investors are selling shares in the offer.

A Bharti spokesman declined to comment.

Bharti Infratel expects to get a go ahead from the capital markets regulator as early as Friday, the sources said. All three sources declined to be named as the information is not public yet.

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Copyright 2012 Thomson Reuters. All rights reserved.

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