Bharti Airtel, the largest shareholder of Indus Towers, will waive its right of first refusal if UK’s Vodafone Group finds an external buyer for its 21.05% stake in India’s top telecom tower company, two...
Airtel acquires strategic stake in Lemnisk
Bharti Airtel has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under its StartUp Accelerator Program. Through this acquisition, the telco will work towards creating a customer data platform (CDP)...
Singtel completes sale of 3.33% stake in Bharti Airtel
Singapore Telecommunications Ltd (Singtel) has concluded its planned sale of a 3.33% stake in Bharti Airtel for around $1.76 billion (about Rs 14,400 crore). Bharti Telecom Ltd (BTL), a key promoter company of the...
Singtel arm sells 1.59% stake in Bharti Airtel for Rs 7,261 crore
Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel’s promoter Bharti...
‘Bharti Telecom will need to raise debt to fund its Airtel stake buy’
Bharti Telecom, a key promoter company of Bharti Airtel, will need to raise debt to fund the purchase of a 3.33% stake in the Indian telecom operator for $1.61 billion (about Rs 12,900 crore) from Singtel, IIFL...
Bharti Telecom acquires 3.33% Airtel stake from Singtel in $1.61 billion deal
Singapore Telecommunications (Singtel) has decided to sell a 3.33% stake in Bharti Airtel to Bharti Telecom (BTL) – the promoter company of Bharti Airtel – for SGD2.25 billion ($1.61 billion approx). Post-the-sale...
Airtel closes Google deal, allots 1.2% stake
Bharti Airtel Ltd on Thursday said it has closed the $1 billion investment deal with Google International LLC, with the search giant holding 1.2% in India’s No. 2 telecom service provider. The Sunil Mittal promoted...
Mittal family’s plan to buy Airtel stake from Singtel hits valuation bump
A difference over valuations is holding back the proposed $1.5-2 billion purchase of shares in Bharti Airtel by founder Sunil Mittal’s family from Singapore Telecommunications Ltd (Singtel), said people with knowledge...
Cisco in talks to buy Airtel-Vi JV FireFly Networks for Rs 200 crore
Cisco Systems is in advanced talks to buy out Airtel-Vodafone Idea’s WiFi joint venture (JV) for an enterprise value of ₹200 crore, according to sources aware of the matter. A team of executives from the US...
Bharti Airtel Limited (BAL) – Scheme of Merger of Subsidiaries (WoS?) into BAL
Last year, Bharti Airtel Limited announced an internal restructuring to facilitate the entry of a strategic investor/s into its Telecom Business. This internal restructuring was a combination of the merger of two...
CCI approves Google’s 1.28% stake buy in Bharti Airtel
The Competition Commission of India approved Google’s investment of nearly $1 billion for 1.28% in Bharti Airtel. “The CCI approved the proposed combination on the basis of modifications offered by the Acquirer (Google...
Carlyle completes acquisition of 24% stake in Airtel’s Nxtra for Rs 1,788 crore
Bharti Airtel said that CA Cloud Investments, an affiliate the US-based Carlyle Group, has completed the acquisition of 24.04% stake in the Indian telco’s data centre subsidiary Nxtra Data. In a filing to the...