Business »  Topic »  Bharti Airtel up 2% as Carlyle Grp to buy 25% stake in Co's Data Centre biz

Bharti Airtel up 2% as Carlyle Grp to buy 25% stake in Co's Data Centre biz


For the quarter ended March 2020, the telecom operator posted a consolidated loss of Rs 5,237 crore.

Geojit Financial Services, in a report dated June 30, said that rising average revenue per user (ARPU) and customer base should provide support to company valuations.

Bharti Airtel shares rose as much as 2.56 per cent to Rs 574 on the BSE on Wednesday after the Carlyle Group announced it will invest $235 million for approximately 25 per cent stake in Nxtra Data Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the data centre business.

The post-money enterprise valuation of ...


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