Temasek part-exits Bharti Infratel : Report

Singapore wealth fund Temasek Holding has part-exited Bharti Infratel, the towers and other related infrastructure arm of Bharti Airtel, India’s largest mobile phone company, a report said.

The fund had invested around $500 million in the tower unit of Bharti Airtel in 2007, and was part of the consortium that had jointly bought 14% stake in Infratel for about $1.25 billion. The other investors were, Goldman Sachs Group Inc, the Investment Corp of Dubai, Macquarie Group Ltd, Citigroup, AIF Capital, and India Equity Partners.

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