Bharti Airtel has announced an agreement to acquire a 25% stake in Bengaluru-based tech startup, Lavelle Networks for an undisclosed sum just days after receiving a $1 billion investment commitment from US tech giant...
Google to invest up to $1 bln in India’s Bharti Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said on Friday. The investment includes a...
Bharti Airtel drops plan to merge digital assets into listed arm
India’s second largest mobile service provider Bharti Airtel has shelved plans to amalgamate its digital businesses into the listed entity and demerge its core telecom business into a separate subsidiary. This was...
India’s Bharti Airtel in talks to buy majority stake in Dish TV – report
Indian telecom operator Bharti Airtel Ltd is in early talks to buy a majority stake in broadcast satellite service provider Dish TV India Ltd, financial daily Mint reported on Thursday, citing people familiar with the...
Kotak to sell 8.6% stake in Airtel Bank to Bharti Enterprises
Kotak Mahindra Bank will sell its 8.6% holding in Airtel Payments Bank to the Mittal-controlled Bharti Enterprises for close to Rs 300 crore. Kotak is said to be making a gain of 50% in the investment. The private...
Google likely to invest big in Airtel after financing rival Jio
Search giant Google is in talks to make ‘substantial investments’ in Bharti Airtel. The Alphabet Inc subsidiary has already invested thousands of crores in Reliance Jio, a direct rival. Google has been in...
Airtel Africa to sell 7.5% stake in mobile money unit to QIA for $200 million
Airtel Africa has inked a deal to sell roughly a 7.5% stake in its mobile money unit to Qatar Holding LLC, an affiliate of Qatar Investment Authority (QIA), for around $200 million. This is the latest in a spate of...
Bharti Airtel sells its Tanzanian tower business for $175 million
Bharti Airtel has sold its Tanzanian tower operations for $175 million (Rs 1,313 crore) in a bid to focus on asset-light and core subscriber-facing operations, with some of the funds being used to pare debt at the...
Airtel Rejig: Value Creation or Compulsion?
In 2019-20, Reliance Industries Limited did multiple re-jigs to ready its telecom arm Reliance Jio Limited for massive fundraise. Recently, its competitor, Bharti Airtel Limited announced a new corporate structure which...
Ghana govt to buy 100% in AirtelTigo
The Ghana government will acquire 100% in AirtelTigo, Bharti Airtel’s ailing joint venture with Millicom International Cellular SA in the African country, along with customers, assets and liabilities. “The Government of...
Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit Airtel
Bharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company...
Bharti Airtel unit Nettle acquires 100% stake in OneWeb India
Nettle Infrastructure Investments, a wholly-owned arm of Bharti Airtel, has acquired 100% stake in OneWeb India Communications Pvt Ltd, in an all-cash deal for an undisclosed sum. “Nettle Infrastructure Investments has...