On March 28, 2017, American private equity heavyweight KKR and Canada Pension Plan Investment Board bought a 10.3% stake in Bharti Airtel’s tower arm, Bharti Infratel for a consideration of Rs.6,193 crore. It is the second time that KKR has placed its bet on Bharti Infratel. It had made an investment of $250 million for a 2.5% stake in the company in 2008, which it finally exited with a more than 70% gain in 2015. The stock is currently at Rs. 353 (as on 21st April) trading almost 9% higher than the private equity firms’ acquisition price.
What makes Bharti Infratel a strong incumbent in the telecom tower business
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