Edition:
United States

Bharti Airtel Ltd (BRTI.BO)

BRTI.BO on Bombay Stock Exchange

341.05INR
1:39am EDT
Change (% chg)

Rs2.45 (+0.72%)
Prev Close
Rs338.60
Open
Rs339.00
Day's High
Rs343.40
Day's Low
Rs339.00
Volume
49,136
Avg. Vol
371,449
52-wk High
Rs400.65
52-wk Low
Rs283.95

Latest Key Developments (Source: Significant Developments)

Bharti Airtel completes sale of 10.3 pct stake in Bharti Infratel to KKR, CPPIB
12:44am EDT 

Bharti Airtel Ltd : Says completes secondary sale of 10.3% stake in Bharti Infratel to consortium of KKR & Canada Pension Plan Investment Board . Says proceeds to be primarily used to pare debt . Says deal for over 61.94 billion rupees executed at INR 325 per share .Says on closure of deal, co's equity holding in Bharti Infratel stands at 61.7 pct and that of KKR and CPPIB at 10.3 pct.  Full Article

Bharti Airtel to acquire Tikona Networks' 4G business for 16 bln rupees
Thursday, 23 Mar 2017 07:37am EDT 

Bharti Airtel Ltd : Says Bharti Airtel to acquire Tikona Networks' 4G business . Says post this acquisition, Airtel to have spectrum in 2300 mhz band across all circles . Says Airtel to roll out high speed 4G services on new spectrum in five circles immediately after closure of transaction . Says to acquire Tikona's 4G business including broadband wireless access ("BWA") spectrum and 350 sites, in five telecom circles . Says to add 2300 mhz spectrum to portfolio in five circles . Says combined spectrum holding of Airtel in these five circles will be within spectrum caps prescribed by government . Says proposed acquisition will enable Airtel to fill BWA spectrum gaps in 2300 mhz band in Rajasthan, UP (East) and UP (West) . Says post completion of deal, Airtel will have 30 mhz in 2300 mhz band in 13 circles . Acquisition of 4G business in Gujarat, UP (East), UP (West) and Himachal Pradesh will be undertaken by Airtel . Deal will bolster Airtel's spectrum position in Gujarat and Himachal Pradesh, taking overall bwa spectrum holding to 30 mhz each in these circles . Acquisition of 4G business in Rajasthan circle will be accomplished through Airtel's subsidiary Bharti Hexacom Limited . Says deal for about 16 billion rupees .Says nature of deal in cash and debt.  Full Article

Bharti Airtel adds about 1.2 mln subscribers in Feb - industry body
Thursday, 23 Mar 2017 06:27am EDT 

Cellular Operators Association of India: Bharti Airtel adds about 1.2 million subscribers in Feb, total mobile subscriber at Feb end 270.6 mln - industry body . Vodafone india unit adds about 792,063 subscribers in Feb, total mobile subscriber at Feb end 207.2 mln - industry body . Idea adds about 1.2 million subscribers in Feb,total mobile subscriber at Feb end 193.3 mln - industry body . Aircel adds 13,309 mobile subscribers in Feb, total mobile subscriber at Feb end 91.1 mln - industry body .Telenor india unit's subscribers reduced by 986,068 in Feb, total mobile subscriber at Feb end 51.6 mln - industry body.  Full Article

Ookla says co stands behind methodology used to designate Airtel as 'India’s fastest mobile network'
Wednesday, 22 Mar 2017 01:20am EDT 

Ookla: Ookla's official statement on the Indian mobile market . Ookla says "airtel’s margin of victory increased when the complete analysis was performed".  Full Article

Bharti Infratel says Nettle Infra Investments to buy about 21.63 pct stake in co from Bharti Airtel
Monday, 20 Mar 2017 11:34pm EDT 

Bharti Infratel Ltd :Says Nettle Infra Investments Ltd to acquire about 21.63 percent of co's shares from Bharti Airtel.  Full Article

Bharti airtel & Millicom sign deal to combine Ghana ops
Friday, 3 Mar 2017 06:19am EST 

Bharti Airtel Ltd : Says Bharti Airtel and Millicom sign agreement to combine operations in Ghana . Says both companies to have equal ownership and governance rights in combined entity . Says combined network to cover more than 80 percent of Ghana's population with high speed data .Says deal with Millicom for Tigo Ghana Ltd and Airtel Ghana Ltd to combine their operations in Ghana.  Full Article

Nokia & Bharti Airtel to collaborate on 5G and IoT applications
Wednesday, 1 Mar 2017 06:43am EST 

Bharti Airtel Ltd : Nokia and Airtel to collaborate on 5G and IoT applications .Nokia, airtel to leverage Nokia's 5G first end-to-end 5G solution including AirScale radio access portfolio and AirFrame data center platform.  Full Article

Moody's says Bharti's acquisition of Telenor India is credit positive
Friday, 24 Feb 2017 02:02am EST 

Moody's: Moody's: Bharti's acquisition of Telenor India is credit positive . Moody's - Expect that Bharti's profitability will remain under pressure . Moody's - Mobile market in India remains intensely competitive following Reliance Jio Infocomm Limited's launch in September 2016 .Moody's on India telecom sector - Expect intense price competition to persist over the next few quarters.  Full Article

Fitch says Jio prompts more consolidation with Bharti-Telenor deal
Thursday, 23 Feb 2017 05:04am EST 

Fitch: Fitch: Jio prompts more consolidation with Bharti-Telenor deal . Fitch on Indian telecom - Bharti's credit profile will remain unaffected by planned acquisition as benefits from additional spectrum assets will offset spectrum liabilities taken over . Fitch: Bharti could raise funds by monetising a part of its 72% stake in its tower entity, Infratel .Fitch on Indian telecom - Continue to believe that competition will continue to remain high.  Full Article

Bharti will not pay any cash for Telenor's India unit
Thursday, 23 Feb 2017 12:42am EST 

Telenor said: Bharti Airtel will not make any cash payment for Telenor's India unit but takes on future pay commitments for spectrum and mobile phone towers, a Telenor spokesman said . Telenor's accumulated losses since entering India in 2008 have been about NOK 24 billion ($2.87 billion); no more losses triggered by Bharti deal Further company coverage: [TEL.OL][BRTI.NS] ($1 = 8.3505 Norwegian crowns) (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

More From Around the Web

Photo

Bharti Airtel sells 10 percent stake in tower unit to KKR, Canada Pension

MUMBAI India's Bharti Airtel said it sold a 10.3 percent stake in its telecom tower unit Bharti Infratel to U.S. private equity firm KKR & Co LP and Canada Pension Plan Investment Board for more than 61.9 billion rupees ($952.75 million).