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Bharti Airtel Ltd (BRTI.NS)

BRTI.NS on National Stock Exchange of India

373.25INR
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Rs0.15 (+0.04%)
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Rs373.10
Open
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Rs376.50
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Rs370.00
Volume
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Rs401.00
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Latest Key Developments (Source: Significant Developments)

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

Bharti Airtel to buy Telenor India
Wednesday, 22 Feb 2017 10:15pm EST 

Bharti Airtel Ltd : Says Bharti Airtel to acquire Telenor India . Says proposed acquisition will include transfer of all of Telenor India's assets and customers . Says Telenor India's operations and services will continue as normal until completion of transaction . Co to buy Telenor's running operations in 7 circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (east), UP (west) and Assam . Says on completion, proposed acquisition will undergo seamless integration, both on customer as well as network side .Says deal to enable Airtel to further bolster spectrum foot-print in seven circles, with addition of 43.4 MHz spectrum in 1800 MHz band.  Full Article

Firstwave says agreement secured with Nxtra Data
Wednesday, 22 Feb 2017 06:08pm EST 

Firstwave Cloud Technology Ltd - : International expansion with new telco partnership . Agreement secured with india's Bharti Airtel data centre division nxtra data . Firstwave cloud technology - confirms expansion into international markets through agreement with Nxtra Data Ltd, data centre managed services business of Bharti Airtel . First international contracts secured with Telstra Global in singapore and Hong Kong . Capital expenditure for set-up of operations in India is minimal for firstwave . Firstwave will deploy a team to India next month to begin implementation with first revenue expected to be booked in Q1 fy2018 .Revenue from telstra global contracts will be booked in fy2017 and beyond.  Full Article

Bharti Airtel buys strategic stake in FinTech startup Seynse
Wednesday, 22 Feb 2017 05:41am EST 

Bharti Airtel Ltd :Says Airtel acquires strategic stake in FinTech startup Seynse.  Full Article

Bharti Airtel says it welcomes news of proposed alliance between Vodafone and Idea
Tuesday, 31 Jan 2017 04:52am EST 

Bharti Airtel Ltd : says "welcome the news of the proposed alliance between vodafone and idea cellular. " . says important to ensure that such consolidations are not an outcome of a forced situation created by offering an ‘unfair playing filed’ to any particular co . "consolidation is always good, especially for any capital intensive sector with multiple players" Further company coverage: [BRTI.NS] (Bengaluru newsroom) ((Reuters Messaging: Bangalore.newsroom@thomsonreuters.com)).  Full Article

Bharti Airtel Dec quarter consol profit falls about 55 pct
Tuesday, 24 Jan 2017 07:09am EST 

Bharti Airtel Ltd : Dec quarter consol profit 5.04 billion rupees . Bharti Airtel Ltd consensus forecast for Dec quarter consol net profit was 10.87 billion rupees . Bharti Airtel Ltd-Dec quarter consol net sales 233.36 billion rupees . Consol net profit in dec quarter last year was 11.08 billion rupees as per Ind-AS; consol net sales was 240.66 billion rupees .The profit alert was first sourced from TV and was later confirmed from a company press release at the National Stock Exchange.  Full Article

Bharti Airtel Dec-qtr India monthly churn 4.1 pct
Tuesday, 24 Jan 2017 07:09am EST 

Bharti Airtel Ltd : Dec-quarter India monthly churn 4.1 percent . Dec-quarter India ARPU 172 rupees .Dec-quarter Africa ARPU $3.9.  Full Article

Bharti Airtel Dec qtr India mobile services revenue 138.37 bln rupees
Tuesday, 24 Jan 2017 06:38am EST 

Bharti Airtel Ltd : Bharti Airtel Ltd- dec quarter India mobile services revenue 138.37 billion rupees . Bharti Airtel Ltd- dec quarter Africa mobile services revenue 53.55 billion rupees . Bharti Airtel Ltd says dec quarter India revenues up 1.8% y-o-y on an underlying basis . Bharti Airtel Ltd- dec quarter Africa revenues up 6.0 percent y-o-y on an underlying basis. . Bharti Airtel Ltd says dec-quarter consolidated mobile data revenues at 40.49 billion rupees, y-o-y flat on an underlying basis . Bharti Airtel Ltd says slowdown in mobile revenue growth primarily due to free voice and data offering by a new operator. . Bharti Airtel Ltd- present termination costs at 14 paise which are well below cost has resulted in a tsunami of minutes terminating into co's network. . Bharti Airtel Ltd says dec quarter consolidated EBITDA at INR 85.70 billion, up 1.1% y-o-y. . Bharti Airtel - termination costs led to unprecedented year on year revenue decline for industry, pressure on margins and serious impact on financial health of sector . Bharti Airtel Ltd says Africa is now generating positive free cash and is PBT positive in constant currency .Bharti Airtel - consequent to spectrum acquired during Oct'16 auction, consol net debt at quarter end has increased to $14.34 billion from $12.23 billion previous quarter.  Full Article

More From Around the Web

Fitch Affirms Bharti Airtel at 'BBB-'; Outlook Stable

(The following statement was released by the rating agency) SINGAPORE, May 26 (Fitch) Fitch Ratings has affirmed India-based Bharti Airtel Limited's (Bharti) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'. The Outlook on the IDR is Stable. The agency has also affirmed the ratings on Bharti Airtel International (Netherlands) B.V's bonds. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS Market-Leading Position: Bharti'