Bharti Airtel Limited (BSE:532454) is reportedly planning to transfer its African telecom tower assets into a separate company and then sell it to Bharti Infratel Limited (BSE:534816) for $2 billion. According to sources, Bharti Airtel has already initiated the process to transfer its telecom towers in Africa which is expected to be completed by the end of the financial year 2013. According to Business Standard, Bharti spokesperson said, "We have no such plans and we deny this speculation."

Bharti Airtel Limited proposed amendment to its articles of incorporation at EGM to be held on June 5, 2013.

Bharti Airtel Limited announced audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the standalone company reported net sales of INR 115,483.0 million against INR 107,572.0 million for the same period a year ago. Profit from operations before other income, net finance cost, exceptional items and tax was INR 17,320 million against INR 19,743 million a year ago. Profit from ordinary activities before tax was INR 15,430 million against INR 18,504 million a year ago. Profit for the period was INR 10,844 million or INR 2.856 basic and diluted per share on face value of INR 5 each against INR 15,743 million or INR 4.146 basic and diluted per share on face value of INR 5 each a year ago. For the year, the standalone company reported net sales of INR 453,509.0 million against INR 416,038.0 million for the year ended on March 31, 2012. Net profit was INR 50,963.0 million or INR 13.420 basic and diluted per share on face value of INR 5 each for the year against INR 57,300.0 million or INR 15.089 basic and diluted per share on face value of INR 5 each for the year ended on March 31, 2012. Profit from operations before other income, net finance cost, exceptional items and tax was INR 66,440 million against INR 77,277 million a year ago. Profit from ordinary activities before tax was INR 64,548 million against INR 69,562 million a year ago. For the quarter, the consolidated company reported net sales of INR 204,604 million against INR 202,537 million for the same period a year ago. Profit from operations before other income, net finance cost, exceptional items and tax was INR 25,042 million against INR 27,646 million a year ago. Profit from ordinary activities before tax was INR 12,947 million against INR 17,056 million a year ago. Net profit was INR 5,086.0 million or INR 1.341 basic and diluted per share on face value of INR 5 each for the year against INR 10,059.0 million or INR 2.650 basic and diluted per share on face value of INR 5 each for the year ended on March 31, 2012. EBITDA was INR 64,870 million against INR 62,330 million a year ago. Operating free cash flow was INR 29,640 million against INR 38,530 million a year ago. Profitability was hit by higher interest costs and a tax charge as well as continued losses in its Africa operations. CapEx was about USD 650 million. For the year, the consolidated company reported net sales of INR 803,112 million against INR 714,508.0 million for the year ended on March 31, 2012. Profit from operations before other income, net finance cost, exceptional items and tax was INR 93,740 million against INR 103,442 million a year ago. Profit from ordinary activities before tax was INR 49,820 million against INR 65,183 million a year ago. Net profit was INR 22,757.0 million or INR 5.995 diluted per share on face value of INR 5 each for the year against INR 42,594.0 million or INR 11.221 diluted per share on face value of INR 5 each for the year ended on March 31, 2012. EBITDA was INR 248,700 million against INR 237,120 million a year ago. Operating free cash flow was INR 113,340 million against INR 101,320 million a year ago. CapEx was USD 2.5 billion.