November 23, 2012 10:33 AM IST

Bharti Infratel Expected to Begin IPO on Dec 10

Bharti Infratel Ltd, the telecommunications tower arm of top Indian mobile phone carrier Bharti Airtel (BRTI.NS), is likely to launch on December 10 its up to $900 million initial public offering, three sources with direct knowledge said.

Communications Tower

The share sale could raise $800 million to $900 million, the sources said. Bharti Infratel and four private equity investors are selling shares in the offer.

A Bharti spokesman declined to comment.

Bharti Infratel expects to get a go ahead from the capital markets regulator as early as Friday, the sources said. All three sources declined to be named as the information is not public yet.