Bharti Airtel
Sunil Mittal meets PM; discusses Bharti-MTN deal
Bharti Chairman Sunil Mittal met Prime Minister Manmohan Singh to have discuss some controversial issue like dual listing and exemption from open offer to be availed by MTN. However, his meeting was when Sebi revised the takeover norms that may have effect for the proposed deal between the Indian and the South African telecom firms [...]
Bharti, MTN apprise FM of deal structure
Bharti Airtel and South African MTN are said to have apprised the Finance Ministry of their proposed $23-billion deal structure to the end of next month recently. Moreover, Bharti and MTN are the largest telcos in India and Africa and have been engaged in exclusive talks since June 24 to form the world”s third-largest communications [...]
Alcatel-Bharti JV appoints Arnaud Soubelet as CEO
Alcatel-Lucent and Bharti Airtel announced the appointment of Arnaud Soubelet as the CEO of their joint venture Alcatel-Lucent Network Management Services India Ltd (ALNMSI) while Bharti Airtel announced its joint venture with Alcatel Lucent for managed services earlier this year where the 5 year deal was valued at USD 500 million for managing Airtel”s fixed-line [...]
Media statement from Bharti Airtel Limited
This refers to the announcements dated May 25, 2009 and August 3, 2009 concerning discussions regarding a potential transaction between Bharti Airtel Limited (Bharti) and MTN. Bharti and MTN had entered into an exclusivity agreement regarding the potential transaction until August 31, 2009. Discussions between the parties regarding the potential transaction continue to progress satisfactorily [...]
Bharti Airtel, MTN made parties in SAT case
Bharti Airtel and MTN, have been made parties in a shareholder appeal filed with the Securities Appellate Tribunal (SAT) that is to come up for hearing on August 28. However, Deepak Mehra, a shareholder of Bharti Airtel who holds around 200 shares, has challenged a June 22 Sebi order that exempts MTN from making an [...]
Airtel invests over $500 mn to connect global telcos
Bharti Airtel is eyeing big as the company on August 17 said that it has made an investment of more than $500 million, which is spread over two years, in order to enhance the connectivity of its newly unveiled global wholesale services portfolio. “Bharti Airtel”s wholesale portfolio will offer MPLS, Ethernet, IP and International Private [...]