Bharti Said to Pick JPMorgan, Barclays for $1 Billion Tower IPO
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Bharti Airtel Ltd., India’s largest telephone company, picked eight banks including JPMorgan Chase & Co. and Barclays Plc to manage an initial share sale of its towers unit, said two people with knowledge of the matter.
Bharti Airtel, based in New Delhi, may sell shares in Bharti Infratel Ltd. in the first quarter of 2013, the people said, asking not to be identified as the details are confidential.