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Bharti Airtel Ltd (BRTI.BO)

BRTI.BO on Bombay Stock Exchange

17 Nov 2017
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Rs2.40 (+0.49%)
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Latest Key Developments (Source: Significant Developments)

Bharti Airtel, Symantec partner to offer cyber security solutions to businesses in India
Monday, 28 Aug 2017 03:35am EDT 

Aug 28 (Reuters) - Bharti Airtel Ltd ::Says Airtel and Symantec enter strategic partnership to offer cyber security solutions to businesses in India.Under agreement, Airtel will be exclusive cyber security services partner for Symantec in India.  Full Article

Telenor CEO says India deal on track for Q1 closing
Tuesday, 22 Aug 2017 07:42am EDT 

Aug 22 (Reuters) - Telenor Chief Executive Sigve Brekke told an investor conference on Tuesday::Telenor has so far received three out of four required permits for sale of India unit to Bharti Airtel; lacking only approval from India's telecoms ministry.India deal remains on track for closing in Q1 2018.Repeats don't expect us to make any major M&A moves going forward; will focus on growth in current markets.  Full Article

Bharti Airtel completes secondary share sale in Bharti Infratel
Tuesday, 8 Aug 2017 02:23am EDT 

Aug 8 (Reuters) - Bharti Airtel Ltd :Says Bharti Airtel announces successful completion of secondary share sale in Bharti Infratel.Says co via unit Nettle Infrastructure Investments announced successful divestment of 67.53 million shares of Bharti Infratel.Says Bharti Airtel will primarily use proceeds from sale to reduce its debt.Says sale was for a total consideration of over inr 25.70 billion.Following close of deal, Bharti Airtel and wholly owned subsidiaries together have equity holding of 58% in Bharti Infratel.  Full Article

Airtel Payments Bank and HPCL announce strategic partnership
Tuesday, 1 Aug 2017 05:04am EDT 

Aug 1 (Reuters) - Airtel Payments Bank: :Co and HPCL announce strategic partnership to boost India's digital payments ecosystem.  Full Article

Bharti Airtel exec says planning on launching 4G in 5 countries in Africa
Wednesday, 26 Jul 2017 06:45am EDT 

July 26 (Reuters) - Bharti Airtel Ltd :Exec says 2G and 4G will co-exist in India for a while; 3G will shut down faster.Bharti Airtel exec says planning on launching 4G in 5 countries in Africa.  Full Article

Bharti Airtel says June-qtr India ARPU was 154 rupees
Tuesday, 25 Jul 2017 07:54am EDT 

July 25 (Reuters) - Bharti Airtel Ltd ::June quarter India ARPU 154 rupees.June quarter India monthly churn 3.8 percent.Says June-quarter Africa ARPU $3.1.  Full Article

Bharti Airtel says June-qtr consol EBITDA margin down 1.9 pct Y-o-Y
Tuesday, 25 Jul 2017 07:54am EDT 

July 25 (Reuters) - Bharti Airtel Ltd :Says June quarter consolidated EBITDA margin at 35.6 pct, down 1.9 pct Y-o-Y.June quarter India revenues down 10.0 pct; Africa revenues up 1.5 pct Y-o-Y (constant currency) on an underlying basis.Says June - quarter consolidated mobile data revenues at INR 37.65 billion, down 16.8 pct Y-o-Y on an underlying basis.“Pricing disruption in Indian telecom market caused by entry of new operator continued with industry revenues declining over 15 pct y-o-y"‍​.Says new KYC norms impacted customer additions and consequently revenue growth in quarter in Africa.Says consolidated net debt at 878.40 billion rupees as of June 30, 2017.Says "mobile market remains turbulent in the current quarter as well, due to disruptive pricing by a new operator‍​".  Full Article

India's Bharti Airtel June qtr consol profit down about 75 pct
Tuesday, 25 Jul 2017 07:44am EDT 

July 25 (Reuters) - Bharti Airtel Ltd :June quarter consol profit 3.67 billion rupees versus 14.62 billion rupees last year.Consensus forecast for june quarter consol profit was 3.35 billion rupees.June quarter consol revenue 219.58 billion rupees versus 255.47 billion rupees last year.June quarter consol India mobile services revenue 129.15 billion rupees.June quarter consol Africa mobile services revenue 48.53 billion rupees.Exceptional items in quarter mainly include charge of INR 475 million towards operating costs on network re-farming and upgradation programme.  Full Article

Bharti Airtel terms Reliance Jio allegations false
Thursday, 20 Jul 2017 08:52am EDT 

July 20 (Reuters) - Bharti Airtel Ltd :Bharti Airtel -"by proposing transition to 'bill and keep' regime with zero MTC, Reliance Jio wants to simply transfer its cost to Airtel and other operators".Bharti Airtel says as per current estimates, cost for "bill and keep" with zero MTC would be to tune of INR 150 billion to INR 200 billion per year for industry.Bharti Airtel - cost transfer will allow Reliance Jio to price its services in a predatory manner to kill rest of industry and create a monopoly.Bharti Airtel - "allegations made by Reliance Jio regarding Airtel earning excess revenue from MTC are not only false but laughable".  Full Article

India's Bharti Airtel to invest 20 bln rupees in services including digital over next 3 yrs
Monday, 10 Jul 2017 05:57am EDT 

July 10 (Reuters) - India's Bharti Airtel :Exec says to invest 20 billion rupees in services including digital over next 3 years.Exec says investment will be in revamping stores, upgrading its app and improving its postpaid services.Exec says will provide mobile phone insurance.Exec says customers can carry forward unused data of up to 200 GB per customer per month.  Full Article


Bharti Airtel and Tigo merge in Ghana to form AirtelTigo

ACCRA Bharti Airtel has merged with Millicom's Tigo in Ghana to become the country's second largest mobile operator, the new company AirtelTigo said on Tuesday.