Page 65 - Bharti Airtel

Bharat Airtel looks to IPO, buyouts to consolidate position in Africa

The 3G, 4G data and m-Commerce (Airtel Money) services are the next growth engines for the company in Africa.

Bharti Airtel in talks to acquire smaller rival Telkom Kenya: Report

The move comes after the two companies held merger talks last year, only for them to abandon the plan

Bharti Airtel to give Tanzania bigger stake in local telecoms company

Tanzania President John Magufuli and Bharti Airtel Chairman Sunil Mittal resolve dispute over ownership of Tanzanian mobile operator.

Bharti Airtel forms panel for fundraising to strengthen capital structure

Market estimates it to raise close to Rs 150 bn as the firm seeks to reduce debt, boost cash flows, meet capex

Bharti Airtel appoints Badal Bagri as CFO with effect from March 1

Bagri has been with Airtel since January 2017

Airtel board sets up committee to explore options for raising funds

According to reports, the company has plans to raise around $2 billion

Airtel Africa appoints JPMorgan, Citigroup, 6 other banks to work on IPO

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'

Bharti Airtel gains 3% as Africa arm appoints eight global banks for IPO

The stock was up 3% to Rs 338 on BSE after the telecom operator said its African unit has appointed global investment banks for a proposed IPO on an international stock exchange.

Bharti Airtel completes tender offer for buying back debt worth $1.5 bn

Earlier this month, Bharti Airtel said it would pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International

Bharti Airtel signs for over $2 bn loan as ratings downgrade threat looms

A price war for Indian customers has worsened since billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd. debuted with free services in 2016

Bharti Airtel dips 5% as Moody's places co's rating on review for downgrade

"The review for downgrade is primarily driven by our expectation that Bharti's cash flow generation will remain weak and leverage elevated," Moody's VP and Senior Credit Officer Annalisa DiChiara said

Tanzanian govt opposes Bharti Airtel's plan for IPO in international market

Just a few days ago Bharti Airtel announced it was getting six marquee investors to put $1.25 billion in its fully owned subsidiary

Bharti Airtel postpones $8 bn IPO of Africa unit amid market turmoil

Bharti is seeking the listing after spending heavily to acquire spectrum in India

Outlook for Bharti Airtel remains challenging as ARPU continues to decline

Heightened competition across customer segments, especially from Jio could translate into steepest industry ARPU fall in three years

Bharti Airtel India ops need recovery, Africa stake sale will cut debt: S&P

S&P Global Ratings said Thursday Bharti Airtel's sale of a minority stake in its Africa subsidiary will ease some pressure on the rating of the India-based telecom company. Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, have agreed to invest USD 1.25 billion through a primary equity issuance in Airtel Africa. "Bharti Airtel's sale of a minority stake in its Africa subsidiary will ease some pressure on the rating on the India-based telecommunications company. Bharti will use the proceeds of about USD 1.25 billion to repay of debt," S&P Global Ratings said in a statement. Despite the reduction in leverage, S&P said it continues to see risk of a downgrade if the business performance of Bharti does not improve in line with our expectation over the next 12-18 months, such that the ratio of funds from operations to debt remains below 20 per cent, it said. Bharti continues to prudently manage its leverage by exploring options ..

Bharti Airtel Q2 net profit falls 65% YoY to Rs 1.19 billion

Consolidated total revenues stood at Rs 204.22 billion, up 0.5 per cent Y-o-Y on an underlying basis.

Airtel's Africa arm gets $1.25 bn from 6 investors, IPO to follow

Bharti Airtel announced it was getting six marquee investors to put a total of $1.25 billion in its fully owned subsidiary, Airtel Africa.This will be through issue of new equity, followed soon by an Initial Public Offer (IPO) on the international stock exchange. This will enable the telecom major to cut the consolidated debt by eight per cent, says ICICI Securities. And, reduce its annual interest outgo, estimated by analysts at Rs 10 billion. These will strengthen it to take on its chief rival in the Indian market, Reliance Jio. Understandably, the market gave the stock a big thumbs-up; the scrip closed nearly nine per cent higher, to Rs 311.55. The six investors include Warburg Pincus, an earlier investor in Bharti. Also, Temasek, existing partner Singtel (which has invested $250 mn) and SoftBank International. With this deal, Bharti Airtel's stake in the company will go down from 100 per cent to 71 per cent. Bharti's consolidated debt is $15 bn (Rs 1.1 trillion), of which $7 bn ..

Bharti Airtel up 15% as investors to pump $1.25 billion in African unit

The stock moved higher by 15% to Rs 329 after Bharti Airtel said that six leading global investors to invest $ 1.25 billion in Airtel Africa through primary equity issuance.

Airtel gets FDI nod to offload 20% stake in DTH unit to Warburg Pincus

According to the contours of the deal announced in late 2017, Bharti Airtel will sell its 15 per cent stake in direct-to-home arm

Airtel, Zee Entertainment join hands to drive growth of digital content

Customers will get exclusive access to premium content of the media and entertainment network