Key Developments: Bharti Airtel Ltd (BRTI.NS)

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Latest Key Developments (Source: Significant Developments)

Bharti Airtel Ltd's subsidiary to sell communications towers to American Tower Corp
Monday, 24 Nov 2014 06:59am EST 

Bharti Airtel Ltd and American Tower Corp:Have entered into a definitive agreement, through Bharti’s subsidiary company, Bharti Airtel International (Netherlands) BV (Airtel),   for the sale of over 4,800 of Airtel’s communications towers in Nigeria.Airtel will be the anchor tenant on the portfolio under a lease with a ten year initial term.American Tower and Airtel expect to close the acquisition during the first half of 2015.  Full Article

Bharti Airtel Ltd updates on acquiring subscribers of Loop
Wednesday, 5 Nov 2014 07:59am EST 

Bharti Airtel Ltd:Says Under the agreements executed with Loop Mobile (Loop), the transaction was conditional upon DoT approvals which has not been received as of date.Says in light of the update and the fact that Loop’s mobile license is to expire at the end of this month, it have been decided to terminate the discussions with regard to the transaction for acquiring subscribers of Loop.A formal communication to this effect has been released to Loop at on Nov. 05.  Full Article

GoConnect Ltd shares in video content and mobile commerce deal with Bharti Airtel Ltd's Bharti Airtel Lanka via Priority One Agreement
Wednesday, 24 Sep 2014 08:40pm EDT 

GoConnect Ltd:Says that Priority One has entered into agreement with Bharti Airtel Lanka, subsidiary of Bharti Airtel Ltd.Under agreement, Priority One will provide video content utilising the dedicated channels on GoConnect’ s IPTV network, via Bharti Airtel Lanka to Bharti Airtel subscribers.Revenue derived from premium content and transaction fees from mobile commerce promoted on the Priority One channels will be shared between Priority One and Bharti Airtel Lanka.Says that it will in turn will share in Priority One's revenue under its joint venture agreement with Priority One.  Full Article

Bharti Airtel Ltd divests African telecoms tower assets to Eaton Towers
Monday, 8 Sep 2014 01:05am EDT 

Bharti Airtel Ltd and Eaton Towers:Sells and leases back over 3500 towers to Eaton in 6 countries across its African operations under a 10-year contract.Expands Eaton Towers’ coverage in Africa to 7 countries with over 5000 towers.Follows Airtel’s and Eaton Towers’ strategies to drive cost efficiencies throughout the industry via the use of shared passive infrastructure.  Full Article

Bharti Airtel Ltd to pay 0.5 mln Indian Rupees-Business Standard
Sunday, 7 Sep 2014 11:50pm EDT 

Bharti Airtel Ltd:Irked by the 'mischief conduct' of its executives towards customers, a consumer forum here has asked Bharti Airtel Ltd to pay 0.5 mln Indian Rupees, saying it was a fit case for 'punitive damages' to teach the company a 'lesson'-Business Standard.  Full Article

Bharti Airtel Ltd Board declares interim dividend
Wednesday, 13 Aug 2014 03:08am EDT 

Bharti Airtel Ltd:Declares interim dividend of 1.63 Indian Rupees per equity share of 5 Indian Rupees each for FY 2014-15.  Full Article

Bharti Infratel Ltd announces notice of offer for sale of shares by Bharti Airtel Limited
Wednesday, 6 Aug 2014 11:50am EDT 

Bharti Infratel Ltd:Bharti Airtel Limited (Seller) promoter of Bharti Infratel Limited (Company) has Offer to sell up to 45,000,000 equity shares of 10 Indian rupees each of Company (Equity Shares) on Aug. 07, 2014.In addition to Sale Shares, Seller may also sell up to 40,000,000 Equity Shares in Sale.Says sale opens at Aug. 07 at 9:15 A.M.Says sale closes at Aug. 07 at 3:30 P.M.  Full Article

Bharti Airtel Ltd's subsidiary partners with BGFIBank for mobile money services-Business Standard
Wednesday, 6 Aug 2014 09:12am EDT 

Bharti Airtel Ltd:Says a subsidiary - Bharti Airtel Africa entered into a partnership financial services institution BGFIBank Group to expand mobile money access to the later's customers in Africa-Business Standard.  Full Article

Bharti Airtel Ltd sells telecom towers in Africa to Helios Towers-Business Standard
Wednesday, 9 Jul 2014 07:52am EDT 

Bharti Airtel Ltd:To sell its 3,100 telecom towers in four African countries to Helios Towers Africa for an undisclosed sum-Business Standard.Under the agreement signed with Helios Towers Africa (HTA), Airtel has divest about 3,100 towers to HTA and will have access to these towers under a long term lease contract.Under the agreement, tower operations-related personnel will also be transferred from Airtel to HTA.  Full Article

Bharti Airtel Ltd announces signing of definitive agreement with Loop Mobile (India) Ltd
Sunday, 22 Jun 2014 10:54pm EDT 

Bharti Airtel Ltd:Refers to earlier announcement dated Feb. 18, titled 'Airtel and Loop Mobile announce agreement to create Mumbai's largest mobile network.Says that the company has signed definitive agreement with Loop Mobile (India) Ltd.  Full Article

BRIEF-Nokia wins 4G order from Bharti Airtel

* Says wins 4G network gear order from Bharti Airtel in India

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