|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||417.40 - 422.30|
|52-week range||325.50 - 565.00|
|PE ratio (TTM)||120.75|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The investment is a show of confidence in Bharti Airtel at a time when India's telecommunications sector has been hard hit by regulatory changes and a price war since the entry of Reliance Jio, the telecoms arm of Reliance Industries Ltd, more than a year ago. Singtel said it would spend up to $413 million to lift its stake in Bharti Telecom by up to 1.7 percentage points to 48.9 percent and increase its holding in Bharti Airtel by up to 0.9 percentage point to 39.5 percent.
India's largest telecoms operator, Bharti Airtel has not taken part in a bidding round for Nigerian rival 9mobile which was aimed at finding new investors for the debt-laden company, a Bharti Airtel Africa spokesman said on Wednesday. Bharti Airtel's Africa spokesman confirmed a Reuters report from Tuesday that the Indian telecoms company did not submit a firm bid for the Nigerian company before a deadline on January 16.
India's largest telecoms operator, Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline, two industry sources with knowledge of the deal told Reuters. Barclays Africa is examining takeover bids from prospective buyers for 9mobile. Airtel had expressed an interest to acquire the Nigerian firm as part of plans to consolidate its position in Africa's biggest telecoms market, but it declined to submit a financial bid before a Jan. 16 deadline.
Net profit fell 39.3 percent to 3.06 billion rupees ($48 million) in the quarter ended Dec. 31, missing an average estimate of 3.98 billion rupees from 10 analysts, according to Thomson Reuters data. India's telecoms regulator cut interconnect usage charges (IUC) - the fees that mobile operators pay each other for calls from one network to another - by more than half to 0.06 rupees a minute from October, and plans to abolish them from 2020.
Indian telecoms carrier Bharti Airtel said on Thursday that there were no irregularities in deals that made it the majority shareholder in a Tanzanian unit, a day after the country's president claimed the company belonged to the state. President John Magufuli said on Wednesday he had received a report that the state-run Tanzania Telecommunications Company Limited (TTCL) owned the local subsidiary of Bharti Airtel outright but had been cheated out of shares. Magufuli made the comments in a speech broadcast on television.
(Reuters) - Bharti Airtel Ltd on Tuesday said an affiliate of U.S. private equity firm Warburg Pincus will buy up to a 20 percent stake in the Indian telecom operator's direct-to-home arm for $350 million. ...
The Indian government is working on a new policy to encourage capital spending and restore the financial health of mobile-phone operators battered by a bruising tariff war, telecom secretary Aruna Sundararajan ...
Investors are piling into India’s leading wireless carriers, betting that a shakeout in the world’s second-largest mobile market has started a recovery that won’t be derailed by the need for big capital ...
REUTERS - Top Indian mobile carrier Bharti Airtel Ltd (BRTI.NS) said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd (BHRI.NS) for 33.25 billion rupees ($507.52 million) ...
SINGAPORE/MUMBAI (Reuters) - A unit of top Indian phone carrier Bharti Airtel Ltd will sell a stake worth about 26.17 billion rupees ($400 million) in mobile masts operator Bharti Infratel Ltd on Tuesday, ...
SINGAPORE/MUMBAI (Reuters) - A Qatari investor sold its entire 5 percent stake in top Indian telecoms carrier Bharti Airtel on Wednesday for 96 billion rupees ($1.48 billion), adding to the sanctions-hit Gulf nation's recent stake sales in foreign companies. An affiliate of the Qatar Foundation Endowment (QFE) sold about 199.9 million shares in the phone carrier at 481 rupees each via a block trade, it said in a statement. The sale price was a 6.4 percent discount to Bharti Airtel's Tuesday closing price, but will still give the Qatari investor a significant return over its 68 billion-rupee investment in the Indian company in May 2013.
REUTERS - Indian shares ended lower on Wednesday, with refiners such as Reliance Industries Ltd falling on concerns over surging crude prices, while Bharti Airtel Ltd slumped after a Qatari shareholder ...
Bharti Airtel Ltd. fell as much as 6.7 percent Wednesday after Qatar Foundation was seeking to sell as much as $1.5 billion of the Indian wireless carrier’s stock.
Qatar Foundation, a nonprofit run by the gas-rich country’s royal family, has cut the top end of the price range for a sale of Bharti Airtel Ltd. shares that could raise as much as $1.5 billion.
A Qatari investor plans to sell a 5 percent stake in top Indian telecoms carrier Bharti Airtel Ltd on Friday for about 95 billion rupees ($1.46 billion), adding to the Gulf nation's recent stake sales in foreign companies. Three Pillars Pte Ltd, an affiliate of the Qatar Foundation, has put up for sale through stock market transactions about 199.9 million shares in Bharti Airtel in a price range of 473-490 rupees each, according to a deal term sheet. The price range is a discount of 4.7-8 percent to Bharti Airtel's Tuesday closing price, but far higher than the 340 rupees Three Pillars paid for it in 2013.
Qatar Foundation, a non-profit run by the gas-rich country’s royal family, plans to sell its 5 percent stake in Indian mobile-phone operator Bharti Airtel Ltd. for about $1.46 billion, according to terms ...
Bharti Airtel Ltd said on Wednesday it was looking to spend 250 billion rupees ($3.9 billion) this financial year on its networks, a quarter more than its initial forecast and mainly to speed up the expansion of its 4G mobile broadband network in India. The boost in capital expenditure comes at a time when the Indian market leader is facing stiff competition from Reliance Jio, operator of the entirely new 4G network which cost owner Reliance Industries about $30 billion to build. Launching its services just over a year ago Jio has disrupted the world's second-biggest wireless market by customers with its cut-price offerings.
REUTERS - Indian shares ended at record closing highs on Wednesday, powered by gains in financials such as ICICI Bank Ltd and Housing Development Finance Corp, while a rally in broader Asia lifted the ...
MUMBAI/BENGALURU (Reuters) - Bharti Airtel Ltd said on Tuesday it had been approached by global investors interested in a controlling stake in its mobile masts unit Bharti Infratel Ltd. India's largest phone carrier also reported its smallest quarterly profit in nearly five years, hurt by a price war. The news of the approach from unidentified investors comes a day after Bharti Infratel said it was considering buying the rest of Indus Towers, the biggest mobile mast operator in India.
Bharti Airtel Ltd said on Tuesday it had been approached by global investors interested in a controlling stake in its mobile masts unit Bharti Infratel Ltd. India's largest phone carrier also reported ...
MUMBAI, Oct (Shenzhen: 000069.SZ - news) 30 (Reuters) - Indian mobile masts operator Bharti Infratel Ltd (BSE: INFRATEL.BO - news) will consider buying the rest of Indus Towers, it said on Monday, as its two partners in the joint venture look to sell their stakes as part of their merger deal. Indus Towers, the biggest Indian mast operator with nearly 123,000 towers, is owned 42 percent each by Bharti Infratel and Vodafone's Indian unit. Vodafone India and Idea, which are combining their operations to create the biggest Indian phone carrier, have said they will look at selling their stake in Indus, and also dispose of other tower assets they own to help cut debt in the merged company.
Top-ranked Bharti Airtel Ltd rose to a more than eight-year high and Reliance hit a record on the first day of trading since Jio's announcement last week of new high-end data tariffs that effectively raise prices by as much as 20 percent. Jio, backed by India's richest man Mukesh Ambani, has up-ended the world's second-biggest mobile services market by users with aggressive marketing and by slashing prices for its 4G data, forcing established players including Bharti Airtel and Vodafone's local unit to match the offerings.
Oct (Shenzhen: 000069.SZ - news) 23 (Reuters) - Shares (Berlin: DI6.BE - news) in Indian wireless operators rose sharply on Monday after Reliance Industries Ltd (BSE: RELIANCE.BO - news) 's Jio telecom unit increased mobile data tariffs, raising hopes of an easing in the cut-throat competition that has eroded profits in the sector. Top-ranked Bharti Airtel Ltd (BSE: BHARTIARTL.BO - news) rose to a more than eight-year high and Reliance hit a record on the first day of trading since Jio's announcement last week of new high-end data tariffs that effectively raise prices by as much as 20 percent. Jio, backed by India's richest man Mukesh Ambani, has up-ended the world's second-biggest mobile services market by users with aggressive marketing and by slashing prices for its 4G data, forcing established players including Bharti Airtel and Vodafone's local unit to match the offerings.
REUTERS - The Nifty touched a fresh high on Friday, after data showed inflation unexpectedly held steady in September, while Bharti Airtel surged on its deal to buy the Tata conglomerate's consumer mobile ...
Bharti Airtel Ltd saw its share price surge as much as 8 percent in early Friday trade as investors cheered its purchase of Tata Group's mobile arm, in a deal that secures 40 million new clients and spectrum at little cost. Bharti shares were up 6.6 percent at 0435 GMT, outpacing the broader NSE index's 0.5 percent. Shares of Tata Teleservices (Maharashtra) Ltd, a Tata Teleservices unit, were up 9.1 percent.