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Nifty futures tips - Country's largest telecoms firm "Bharti Airtel" has revived plans to sell its Sri Lanka and Bangladesh operations and has appointed two bankers to conduct the sale. The move is part of the company's plan to consolidate its operations, decrease debt and get out of unproductive, low-margin business. Sources have told that Etisalat & Orange are amongst interested players.
Airtel will individually to look sell its towers business in Sri Lanka and Bangladesh (2,500 & 4,000, respectively). Bharti had in 2012 tried to sell the two assets but the move was not successful. When contacted, the company said it would not comment on market speculation. Etisalat and Orange were unavailable for comments.
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