Key Developments: Bharti Airtel Ltd (BRTI.NS)

BRTI.NS on National Stock Exchange of India

335.50INR
11 Jul 2014
Price Change (% chg)

Rs1.45 (+0.43%)
Prev Close
Rs334.05
Open
Rs333.00
Day's High
Rs336.90
Day's Low
Rs330.35
Volume
3,805,544
Avg. Vol
4,907,253
52-wk High
Rs373.80
52-wk Low
Rs279.20

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Latest Key Developments (Source: Significant Developments)

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

Bharti Airtel Ltd ties up with Tigo, Zantel for mobile money transfer-Business Standard
Thursday, 5 Jun 2014 04:50am EDT 

Bharti Airtel Ltd:Has tied up with African telecom operators Tigo and Zantel for providing customers in Tanzania mobile money transfer service across networks-Business Standard.The service is expected to begin this month, Bharti Airtel said in a statement.With this agreement, customers of the three firms will be able to send money by mobile to each other by either using Airtel Money, Tigo Pesa or EzyPesa.  Full Article

Vodafone Group Plc may sell stake in Bharti Airtel Ltd-Business Standard
Monday, 26 May 2014 01:26am EDT 

Bharti Airtel Ltd:Vodafone Group Plc will sell its 4.4 pct stake in Bharti Airtel if rules no longer permit telecom operators to keep share in competitors, a top executive of Vodafone India said-Business Standard.Vodafone had said it holds 4.4 pct stake indirectly in Bharti.Vodafone has to sell its entire stake in Airtel following new norms issued by government that bars a telecom operator from holding any kind of stake in competition under Unified Licences.  Full Article

Bharti Airtel Ltd recommends dividend
Tuesday, 29 Apr 2014 06:51am EDT 

Bharti Airtel Ltd:Recommended dividend of 1.80 Indian rupees per equity share of five Indian rupees each for the financial year 2013-14.  Full Article

Nigeria fines Bharti Airtel Ltd and MTN Group Ltd-NDTVprofit
Friday, 28 Feb 2014 12:31am EST 

Bharti Airtel Ltd:Nigeria's telecoms regulator has fined mobile operators MTN, Airtel and Globacom a combined 647.5 million naira and banned them from selling SIM cards in March due to poor service - NDTVprofit.South Africa's MTN and Airtel, which is owned by Bharti AirtelLtd were each fined 185 million naira, the Nigerian Communications Commission (NCC) said.The NCC will charge each company 2.5 million naira for every day the fine is not paid after March 7.The penalties were imposed because the operators had failed to meet key performance indicators in January.  Full Article

Bharti Airtel Ltd acquires prime spectrum to lead data growth story
Thursday, 13 Feb 2014 10:08am EST 

Bharti Airtel Ltd:Says it has acquired 115.0 MHz spectrum for a total consideration of 185.3 bln indian rupees in the just concluded spectrum auction conducted by the Government of India.Says it will make an upfront payment of 54.25 bln indian rupees, with the balance to be paid in ten annual instalments of 13.1 bln indian rupees each, commencing two years from now.  Full Article

Bharti Airtel Ltd likely to buy Loop Mobilep-Economic Times
Thursday, 16 Jan 2014 08:44am EST 

Bharti Airtel Ltd:Says it is in talks to buy out Mumbai based Loop Mobile in a deal that will give the company about 3 mln customers-Economic Times.Says Loop, which owns a mobile telephony licence for the Mumbai circle, is in negotiations with Airtel and other telecom firms to sell its business in a 7.50 bln indian rupee deal.  Full Article

Bharti Airtel Ltd announces issue of notes by Bharti Airtel International (Netherlands) BV
Monday, 13 Jan 2014 05:37am EST 

Bharti Airtel Ltd:Says it has informed Issue of Senior, Unsecured, Guaranteed Notes by Bharti Airtel International (Netherlands) BV, a subsidiary the company.  Full Article

Bharti Airtel Ltd and Reliance Jio Infocomm Ltd announce comprehensive telecom infrastructure sharing arrangement
Tuesday, 10 Dec 2013 06:28am EST 

Bharti Airtel Ltd:Says the company and Reliance Jio Infocomm Ltd have announced a comprehensive telecom infrastructure sharing arrangement under which they will share infrastructure created by both parties.This will include optic fibre network – inter and intra city, submarine cable networks, towers and internet broadband services and other such opportunities identified in the future.  Full Article

UPDATE 2-Helios Towers raises $630 mln to fund African tower deals

* To increase telecoms towers to 7,800 after deal with India's Airtel

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