Bharti's EV works out to $2530/tower: Macquarie Research (Source : CNBC-TV18 - moneycontrol.com 31dec 2007) Bharti has sold 10% of its tower business for USD 1 billion. Shubham Majumder of Macquarie Research told CNBC-TV18 that the EV per tower works out to USD 2530/tower. The final EV decision would depend on achievement on operational and financial parameters, he said. The spectrum crunch would mean higher valuations for tower business and lower for core business, he feels.
He gave a target price for Bharti at Rs 1400; Rs 250 from its tower business. His target price for Reliance Communications is at Rs 865; but he does not take into account the company’s GSM entry. More
He gave a target price for Bharti at Rs 1400; Rs 250 from its tower business. His target price for Reliance Communications is at Rs 865; but he does not take into account the company’s GSM entry. More
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