International Investor picked up stake in Bharati

Thebullishtrends: Bharati Airetel share price closed today at Rs. 940(-3.52). Bharti Infratel Limited, a wholly owned subsidiary of Bharti Airtel Limited, dated December 28, 2007, titled "Leading International Investors Pick up Stake worth USD 1 Billion in Bharti Infratel". Bharti Airtel Lanka Private Limited, is a subsidiary of Bharti Airtel Limited, has already announced plans to launch 2G and 3G services in Sri Lanka by the end of the current financial year (2007-08). Bharti Airtel has already signed a 150-million-dollar deal with China's Huawei Technologies to set up a mobile phone network in Sri Lanka. Sri Lanka has estimated to have about 7.3 million fixed-line and mobile phone users. About 60 per cent of Sri Lanka's mobile market is controlled by a Malaysian Telecom major Dialog Telekom,