Bharti May Launch Tower Units IPO In FY11

Bharti Airtel Ltd, India's top mobile operator, may look at the possibility of listing its tower units in the next fiscal year that starts in April, an official said on Friday.

Manik Jhangiani, group CFO of parent company Bharti Enterprises, said the company could consider initial public offering for Bharti Infratel and Indus Towers during the next fiscal year after reviewing the current year's financial performance.

Bharti Airtel earlier reported a small rise in the December quarter net profit growth, broadly in line with expectations, as a vicious price war hits margins in the booming industry.