Bharti Infratel Q3 net profit up 31% to Rs 254 cr
The monthly sharing revenue per tower increased three per cent to Rs 67,136 in the reported quarter, the statement said.
Bharti Infratel's consolidated portfolio includes over 80,000 telecom towers. Of this, over 34,000 are its own towers, while the balance come from its 42 per cent equity interest in Indus Towers (a joint infrastructure company of Bharti Airtel, Vodafone and Idea Cellular).
Through its IPO last year, Bharti Infratel had raised Rs 4,118.01 crore, including about Rs 1,388 crore from retail investors and Rs 2,078 crore from other investors such as QIBs and HNIs.
It had said it plans to use the proceeds from the IPO to fund its expansion and future acquisitions. Bharti Infratel's offer was the biggest public issue since State-run Coal India's initial public offer raised about Rs 15,500 crore in October 2010.
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