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BRIEF-Bharti Airtel Says Board Approves Raising Of Certain Funds (Dec 4)
Bharti Airtel Approves Fund Raising Of Up To $3 Bln
Bharti Airtel Approves Issue Of FCCBs, NCDs Up To $1 Bln Each
Bharti Airtel Limited is a global telecommunications company with operations in 17 countries across Asia and Africa. In India, the Company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed home broadband, DTH and enterprise services, including national and international long-distance services to carriers. In the rest of the geographies, it offers 2G, 3G and 4G wireless services and mobile commerce. Its divisions include Mobile Services, Telemedia Services, Digital TV Services, Airtel Business and Tower Infrastructure Services. Mobile Services offers postpaid, pre-paid, roaming, Internet and m-Commerce services. Telemedia Services provides fixed-line telephone and broadband services for homes in 87 cities pan-India. Its Direct-To-Home platform offers digital TV services. Airtel Business provides information and communications technology services. Its subsidiary, Bharti Infratel Ltd, provides tower and related infrastructure.
Bharti Crescent, 1
Nelson Mandela Road
Vasant Kunj, Phase II
Sunil Bharti Mittal
Executive Chairman of the Board
Chief Financial Officer
Chief Executive Officer & Managing Director - India & South Asia, Executive Director
Director & Chief Executive officer - Global Voice & Data Business
Director & Chief Executive Officer - Airtel Business
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Indian telecom operator Bharti Airtel Ltd said on Wednesday it would raise up to $3 billion via debt and equity, as it looks for ways to pay down overdue fees it owes the government.
Bharti Airtel Ltd said on Wednesday it will raise up to $3 billion, after a recent court ruling asked telecom companies to pay $13 billion in dues to the government.
India's top telecom firms, Bharti Airtel <BRTI.NS> and Vodafone Idea <VODA.NS>, have asked the Supreme Court to review a ruling forcing them to pay the bulk of outstanding government dues of $13 billion, media said on Saturday.
Singtel on Thursday posted a second-quarter loss of S$668 million ($491.29 million) hurt by a one-time charge recorded by India's Bharti Airtel.
Bharti Airtel Ltd said on Tuesday it would need more time to release its September-quarter earnings report, as the Indian company weighs the impact of a recent court ruling asking telecom firms to pay $13 billion in dues to the government.
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the Indian wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Nigerian stocks shed 0.74% on Monday, erasing gains posted in early trades as Airtel Africa fell and investors booked profits after the index climbed to a six-week high.
Indian shares settled higher for a third straight session on Tuesday, led by auto and banking stocks, as ebbing global trade war worries and expectations of further stimulus supported by a huge dividend from the central bank boosted investor sentiment.
Indian telecom operator Bharti Airtel Ltd reported its first quarterly loss in over a decade on Thursday, taking a one-time hit of 14.69 billion rupees, as it lost customers amid a fierce battle against Reliance Jio for market share.
Indian telecom operator Bharti Airtel Ltd reported a worse-than-expected quarterly loss on Thursday, as the company lost more customers and spent more to upgrade its 4G network during the quarter.
Airtel Africa Plc <AAF.L> reported a quarterly pretax profit on Friday that more than doubled, as the telecoms company signed up more customers for its mobile and data services and was boosted by double-digit growth in Nigeria and East Africa.
Airtel Africa Plc reported a quarterly pretax profit on Friday that more than doubled, as the telecom company signed up more customers for its mobile and data services.
A government panel on Wednesday approved a combined penalty of 30.5 billion rupees ($442 million) on telecom operators Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Industries' telecom unit Jio when it began operations in 2016, Indian...
Reliance Industries Ltd's telecom unit Jio pipped rival Bharti Airtel to become India's second-largest operator by subscribers as of May, government data showed.
Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.
Airtel Africa shares fell 10% to 359.40 naira in pre-market bids on Wednesday after its debut $4.4 billion stock market listing on the Lagos bourse a day earlier.
Airtel Africa <AAF.L> listed on the Nigerian Stock Exchange on Tuesday in a 1.36 trillion naira ($4.4 bln) flotation turning the telecoms company into the bourse's third-largest stock by market value.
Airtel Africa listed on the Nigerian Stock Exchange on Tuesday, in a flotation that valued it at 1.364 trillion naira, making it the bourse's third-largest stock by market capitalisation.
Airtel Africa shares will be listed on the Nigerian Stock Exchange on Tuesday, the bourse said, after it postponed the $4.4 billion listing last week.
Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.