Bharti Infratel Ltd (BHRI.NS)
23 May 2013
|Market Cap (Mil.):||Rs324,870.19|
|Shares Outstanding (Mil.):||1,888.78|
NEW DELHI - Indian telecommunications tower operator Bharti Infratel plans to talk to the telecoms unit of Reliance Industries Ltd to lease out towers, its Vice-Chairman Akhil Gupta said on Tuesday.
Reuters Market Eye - Morgan Stanley initiates coverage on Bharti Infratel Ltd with an 'overweight' rating and a target price of 255 rupees.
* Morgan Stanley initiates coverage on Bharti Infratel Ltd with an 'overweight' rating and a target price of 255 rupees. * The investment bank says the mobile tower operator will benefit from increased wireless data traffic growth, as well as a healthy balance sheet, especially as operators extend 3G services. * Bharti Infratel also has positive free cash flow and balance sheets, as well as "attractive valuations". * Bharti Infratel shares up 0.7 percent at 206.73 rupees. That was down 10.3 per