Bharti Infratel was incorporated in 2006 as a subsidiary of Bharti Airtel, a leading global telecommunications company which currently has operations in 20 countries across Asia and Africa. Bharti Airtel and Bharti Infratel are a part of the Bharti group, one of India’s leading business conglomerates, with business interests in the telecommunications, real estate, insurance and retail sectors. In January 2008, Bharti Airtel transferred its towers to Bharti Infratel through a scheme of arrangement effective as of January 31, 2008.
Business of the company:
The company is a provider of tower and related infrastructure. It is one of the largest tower infrastructure providers in India, based on the number of towers that Bharti Infratel owns and operates and the number of towers owned or operated by Indus, that are represented by Bharti Infratel’s 42% equity interest in Indus. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure. Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers on a shared basis, under long-term contracts. Bharti Infratel’s and Indus’ three largest customers are Bharti Airtel together with Bharti Hexacom, Vodafone India and Idea Cellular, which are the three leading wireless telecommunications service providers in India by wireless revenue.
The entity has a nationwide presence with operations in all 22 telecommunications Circles in India, with Bharti Infratel and Indus operations overlapping in four telecommunications Circles. As of September 30, 2012, Bharti Infratel owned and operated 34,220 towers in 11 telecommunications Circles while Indus operated 110,561 towers in 15 telecommunications Circles.
In order to capitalize on the opportunities for tower sharing in the Indian telecommunications market, Bharti Infratel, together with Vodafone India and Idea Cellular, entered into a joint venture by setting up Indus to operate certain of their towers in 15 telecommunications Circles in India.
In March 2014 Reliance Jio Infocomm Limited, a subsidiary of Reliance Industries Limited (RIL) and the first telecom operator to hold Pan India Unified License, and Bharti Infratel, signed a Master Services Agreement. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country.
Following are the subsidiaries of the company:
Group companies (based on Turnover):
2007 -The Company, the Promoter, Vodafone India Limited, Idea Cellular Limited and Idea Cellular Infrastructure entered into a joint venture to set up Indus to operate 15 telecommunication circles in India.
2008- The Promoter transferred its passive infrastructure assets to the Company pursuant to a scheme of arrangement that became effective on January 31, 2008 with effect from the same day
2009- The Company transferred its passive infrastructure assets in 12 telecommunication circles to its subsidiary, BIVL, pursuant to a scheme of arrangement that became effective on May 5, 2011 with effect from the appointed date, i.e., April 1, 2009
2010- Compassvale, KKR Towers Company Mauritius Limited, AIF Capital Telecom Infrastructure Limited, Anadale, GS Strategic, Millennium Mauritius 1 Limited, Nomura, AXA Towers India, GS Investment Partners (Mauritius) I Limited and Park Equity Holdings Limited converted an aggregate of 3,084,900 compulsorily convertible debentures into 39,120,640 Equity Shares
2011- ‘Renewable Energy Solutions for Telecom Cell Towers’ by the Company was recognised as the ‘Most Innovative Energy Saving Product’ at the Confederation of Indian Industry - National Award for Excellence in Energy Management 2011
2012 -The Company was awarded the 2012 – CNBC Essar Steel, Infrastructure Excellence Award as the “Telecom Infrastructure Company of the Year”