Leading telecom services company Bharti Airtel on Wednesday announced a new corporate structure under which group firm Airtel Digital Ltd will merge into the listed entity Bharti Airtel. While tapping digital...
NCLT clears merger of Airtel-Hughes VSAT satellite operations
The National Company Law Tribunal (NCLT) has cleared the merger of the VSAT very small aperture terminal) satellite operations of Bharti Airtel with Hughes Communications India Ltd (HCIL) and the latter’s arm, HCIL...
Airtel Africa sells tower units in Madagascar, Malawi to Helios for $108 million
Airtel Africa has sold its tower units in Madagascar and Malawi to Helios Towers Plc for around $108 million (Rs 783 crore approx) and inked separate pacts with the UK telecom infrastructure company for potential sale...
Airtel to acquire 3.33% additional stake in Avaada MHBuldhana
Bharti Airtel has acquired a 3.33% stake in special purpose vehicle Avaada MHBuldhana that was formed for the purpose of owning and operating the Captive Power Plant “…the Company has further …for...
Airtel dilutes 0.664% stake to Warburg Pincus’ Lion Meadow
Bharti Airtel Monday on Monday said it has allotted around 36.47 million preferential shares to a Warburg Pincus affiliate at Rs 600 per share in addition to some cash, for buying out the fund house’s 20% stake in...
Airtel to buy back 20% stake in DTH arm from Warburg Pincus
Bharti Airtel Ltd said on Wednesday it will buy back US private equity firm Warburg Pincus’ 20% stake in its direct-to-home television unit for ₹3,126 crore. Warburg Pincus had in December 2017 acquired the 20% stake in...
Bharti Airtel’s arm buys additional 4.9% stake in Infratel for ₹2,882 cr
Telecom major Bharti Airtel on Wednesday informed that its wholly owned subsidiary Nettle Infrastructure Investments Limited has bought 4.94% additional stake in Bharti Infratel for ₹2,882.32 crore via block deals...
Airtel partners with Vedantu to provide classes via DTH channels at ₹4 per day
Airtel Digital TV, the DTH arm of Bharti Airtel and Vedantu, a live online learning brand, announced a partnership to make education accessible to students across India by leveraging Airtel’s reach. Under the...
Bharti Airtel to acquire 5.2% stake in Avaada MHBuldhana for Rs 4.55 cr
Bharti Airtel on Friday said it will acquire 5.2 per cent stake in solar power company Avaada MHBuldhana for Rs 4.55 crore in an all-cash deal. Avaada MHBuldhana Private Limited is a newly-formed company and developing...
Nxtra Data shares issued to Carlyle affiliated entity post CCI nod: Airtel
Bharti Airtel on Thursday said shares of its subsidiary Nxtra Data have been issued to CA Cloud Investments, an affiliated entity of Carlyle Asia Partners, following CCI nod to the recently-announced deal. On July 1...
Bharti Airtel picks up stake in tech startup Waybeo
Telecom major Bharti Airtel on Wednesday announced that it has picked up a strategic stake in tech startup Waybeo as part of its strategy to scale up its cloud offerings. Waybeo, a Trivandrum headquartered startup...
CCI approves Carlyle’s 25% stake acquisition in Airtel’s data centre biz
The Competition Commission of India (CCI) approved the acquisition of compulsorily convertible preference shares and equity shares in Airtel’s data centre business, Nxtra Data, by the Carlyle Group’s Comfort Investments...