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KKR- and CPPIB-led Consortium Acquires 10.3% Stake in Bharti Infratel for US$950 Million (Asia)

Posted on: 28 Mar 2017  |  Source(s): Bharti Airtel 

A consortium of funds advised by global investment firm KKR and Canada Pension Plan Investment Board (CPPIB) has acquired a 10.3 percent stake in Bharti Infratel, the infrastructure-focused subsidiary of India-based telecom services provider Bharti Airtel, for INR61.9 billion (approximately US$950 million). Bharti Infratel develops and manages telecom towers and related infrastructure for mobile operators. KKR previously invested in the company in 2008 and exited in 2015.

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