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INFRATEL meaning in NSE Company Symbol ?

Answer» What is Bharti Infratel Limited mean?

Bharti Infratel Limited is a telecommunications infrastructure company which provides telecom infrastructure such as telecom towers fiber networks and other related infrastructure to Bharti Airtel and other telecommunications companies in India. It is India's largest consolidated tower infrastructure companies, and its largest customers are Bharti Airtel and Vodafone Idea. Bharti Infratel was the first Indian company to start a tower infrastructure sharing business and today Bharti Infratel is the market leader in this segment. The company has a 42% equity stake in Indus towers which was created as a joint venture between Bharti Airtel and the now merged Vodafone Idea and operates over 42,053 individual telecom towers across 11 telecom circles all over India.

As of 2020, the company's revenues stood at ₹6,871.70 crore (US$960 million) while its total assets stood at ₹20,158.80 crore (US$2.8 billion). The company is currently owned by Bharti Airtel (33.57%) and Nettle Infrastructure Investments Limited (19.94%). Nettle Infrastructure Investments Limited is a wholly owned subsidiary of Bharti Airtel thus making Airtel the parent company with a 53.51% combined stake.

According to reports, the company is likely to be excluded from the NIFTY 50 index upon its bi-annual reconstitution.

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