• Most Popular
  • Most Shared

Bharti says looking at acquisitions in emerging mkts

Thu Apr 3, 2008 11:19pm EDT

Stocks

   

SINGAPORE, April 4 (Reuters) - Bharti Airtel Ltd (BRTI.BO), India's top mobile services firm, said on Friday it remains keen to acquire mobile telecom assets in developing countries.

"We continue to be on the lookout. We are happy to look at mobile opportunities in emerging markets," the firm's chairman Sunil Mittal said on the sidelines of a business conference in Singapore.

Mittal said, however, that Bharti was not in firm talks with any parties currently.

In February, Bharti, India's fourth-most valuable firm, said its number of users had reached 60 million, including fixed-line and broadband.

New Delhi-based Bharti, 30.8 percent owned by Singapore Telecommunications Ltd (STEL.SI), reported a better-than-expected 42 percent jump in net profit to 17.22 billion rupees ($437 million) for the fiscal third quarter ended December. (Reporting by Jennifer Tan; editing by Kevin Lim) (jennifer.tan@reuters.com; +65-6403 5660; Reuters Messaging: jennifer.tan.reuters.com@reuters.net)



More from Reuters

A Greenpeace activist dressed as one of the "Four Horsemen of the Apocalypse" rides outside the parliament building during a brief protest in Copenhagen December 13, 2009. REUTERS/Christian Charisius

The face of climate protest

Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day.  Video 

    Climate conference
    President Barack Obama (R) meets with financial services industry leaders in the Roosevelt Room of the White House in Washington December 14, 2009. REUTERS/Larry Downing

    Obama takes "fat cats" to task

    Backed by Americans outraged by multi-billion dollar bailouts, President Obama met with a dozen of Wall Street's top bankers in a bid to crack down on the so-called "fat cats" largely held responsible for the financial crisis.  Full Article 

    Executive Compensation
    Lockheed Martin Chief Executive Robert Stevens answers a question during the Reuters Aerospace and Defense Summit in Washington December 14, 2009. REUTERS/Molly Riley

    Lockheed eyes deals

    The future demands of cybersecurity make that sector one of many the aerospace giant sees as an acquisition target in the coming year.  Full Article 

    Aerospace and Defense Summit