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India

Bharti Airtel Ltd (BRTI.BO)

BRTI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Airtel Payments Bank Says Received Approvals From RBI To Start On-Boarding New Customers
Thursday, 12 Jul 2018 

July 12 (Reuters) - Bharti Airtel Ltd ::AIRTEL PAYMENTS BANK HAS RECEIVED REQUISITE APPROVALS FROM RESERVE BANK OF INDIA TO START ON-BOARDING NEW CUSTOMERS..AIRTEL PAYMENTS BANK - HAS ALSO BEEN PERMITTED BY UIDAI TO RESUME ON-BOARDING OF CUSTOMERS USING AAADHAAR BASED E-KYC.  Full Article

Cellular Operators Association Of India Hopes Cabinet Consider Concerns Raised On Net Neutrality Rules
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Bharti Airtel Ltd ::CELLULAR OPERATORS ASSOCIATION OF INDIA-TELECOM COMMISSION APPROVED NATIONAL DIGITAL COMMUNICATIONS POLICY, NET NEUTRALITY RECOMMENDATIONS BY TRAI.CELLULAR OPERATORS ASSOCIATION OF INDIA-HOPE THAT CABINET WILL CONSIDER CONCERNS RAISED BY INDUSTRY ON NET NEUTRALITY RULES.URGED GOVERNMENT TO REVIEW INDUSTRY PRACTICES W.R.T TRAFFIC PRIORITISATION TO FOSTER 5G-ENABLED APPLICATIONS AND ECO-SYSTEM IN INDIA.  Full Article

Bharti Airtel Completes Acquisition Of Telenor India
Monday, 14 May 2018 

May 14 (Reuters) - Bharti Airtel Ltd ::SAYS AIRTEL COMPLETES THE ACQUISITION OF TELENOR INDIA.SAYS WITH COMPLETION OF TRANSACTION, AIRTEL'S TOTAL MOBILE CUSTOMER BASE IN INDIA NOW STANDS AT OVER 330 MILLION.  Full Article

Vodafone Announces Merger Of Bharti Infratel, Indus Towers
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Vodafone Group Plc ::MERGER OF BHARTI INFRATEL AND INDUS TOWERS.MERGER OF BHARTI INFRATEL AND INDUS TOWERS.MERGER OF BHARTI INFRATEL AND INDUS TOWERS: CREATING A LISTED PAN-INDIA TOWER COMPANY.MERGER OF BHARTI INFRATEL AND INDUS TOWERS: CREATING A LISTED PAN-INDIA TOWER COMPANY.DEAL TRANSACTION VALUES INDUS TOWERS AT AN ENTERPRISE VALUE OF INR715BN.ALL PROCEEDS FROM SALE OF 11.15% STAKE WILL BE FOR BENEFIT OF ENTITY RESULTING FROM MERGER OF VODAFONE INDIA AND IDEA GROUP.BHARTI AIRTEL AND VODAFONE WILL JOINTLY CONTROL COMBINED COMPANY.DEAL IS EXPECTED TO CLOSE BEFORE END OF FINANCIAL YEAR ENDING 31 MARCH 2019.VODAFONE WILL BE ISSUED WITH 783.1M NEW SHARES IN COMBINED COMPANY, IN EXCHANGE FOR ITS 42% SHAREHOLDING IN INDUS TOWERS.BHARTI AIRTEL AND VODAFONE HAVE AGREED A CAPITAL STRUCTURE AND DIVIDEND POLICY WHICH IS EXPECTED TO BE IMPLEMENTED POST COMPLETION.  Full Article

Bharti Infratel Announces Merger With Indus Towers
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Bharti Infratel Ltd ::ANNOUNCES MERGER OF BHARTI INFRATEL AND INDUS TOWERS.TRANSACTION VALUES INDUS TOWERS AT AN ENTERPRISE VALUE OF 715 BILLION RUPEES.COMBINED COMPANY, WHICH WILL FULLY OWN BUSINESSES OF CO AND INDUS TOWERS, WILL CHANGE ITS NAME TO INDUS TOWERS LIMITED.BHARTI AIRTEL AND VODAFONE WILL JOINTLY CONTROL THE COMBINED COMPANY.BHARTI AIRTEL AND VODAFONE WILL HAVE EQUAL RIGHTS IN THE COMBINED COMPANY.BHARTI AIRTEL AND VODAFONE HAVE AGREED A CAPITAL STRUCTURE AND DIVIDEND POLICY WHICH IS EXPECTED TO BE IMPLEMENTED POST COMPLETION.BOARD OF COMBINED CO WILL COMPRISE OF 11 DIRECTORS, OF WHOM THREE WILL BE APPOINTED BY EACH OF BHARTI AIRTEL AND VODAFONE.PROVIDENCE HAS OPTION TO ELECT TO GET CASH/SHARES FOR 3.35 PERCENT OF 4.85 PERCENT STAKE IN INDUS TOWERS WITH BALANCE EXCHANGED FOR SHARES.PRO FORMA FOR THE TRANSACTION, THE COMBINED CO’S EQUITY VALUE WOULD BE 965 BLN RUPEES.  Full Article

Bharti Airtel Approves Proposal For Merger Of Indus Towers Into Bharti Infratel
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Bharti Airtel Ltd ::BOARD EVALUATED ONE OPTION OF OFFER FOR SALE OF SIGNIFICANT STAKE IN BHARTI INFRATEL LTD.SAYS BOARD EVALUATED OTHER OPTION OF A PROPOSAL FOR MERGER OF INDUS TOWERS LTD INTO BHARTI INFRATEL LTD..SAYS APPROVED PROPOSAL FOR MERGER OF INDUS TOWERS LTD INTO BHARTI INFRATEL LTD..DECIDED TO ENGAGE WITH POTENTIAL INVESTORS FOR EVALUATING A STRATEGIC STAKE SALE POST COMPLETION OF MERGER..  Full Article

India's Bharti Airtel March-Qtr Consol Profit Falls About 78 Pct
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Bharti Airtel Ltd ::INDIA'S BHARTI AIRTEL LTD - MARCH QUARTER CONSOL PROFIT 829 MILLION RUPEES VERSUS PROFIT OF 3.73 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL REVENUE 196.34 BILLION RUPEES VERSUS 219.35 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL INDIA MOBILE SERVICES REVENUE 103.53 BILLION RUPEES VERSUS 129.72 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL AFRICA MOBILE SERVICES REVENUE 49.71 BILLION RUPEES VERSUS 50.48 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL EXCEPTIONAL ITEMS 3.25 BILLION RUPEES.RECOMMENDED FINAL DIVIDEND OF 2.50 RUPEES PER SHARE.  Full Article

Bharti Airtel March-Qtr India Revenues Down 7.5 Pct Y-O-Y On Underlying Basis
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Bharti Airtel Ltd ::MARCH QUARTER INDIA REVENUES DOWN 7.5 PERCENT Y-O-Y ON AN UNDERLYING BASIS; AFRICA REVENUES UP 10.7 PERCENT Y-O-Y.SAYS "TELECOM INDUSTRY CONTINUES TO WITNESS BELOW COST, ARTIFICIALLY SUPPRESSED PRICING".ACQUISITION OF TIGO RWANDA CONSUMMATED.SAYS IN QUARTER, INDUSTRY REVENUES FURTHER ADVERSELY IMPACTED DUE TO REDUCTION IN INTERNATIONAL TERMINATION RATES.MARCH QUARTER CONSOL EBITDA MARGIN AT 35.8 PERCENT, DOWN 0.6 PERCENT Y-O-Y.MARCH QUARTER INDIA ARPU 116 RUPEES.MARCH QUARTER AFRICA ARPU $3.MARCH QUARTER INDIA MONTHLY CHURN 2.8 PERCENT.CONSOL NET DEBT 952.29 BILLION RUPEES AT MARCH END.  Full Article

Telenor CEO says "very close" to final deal on India sale
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Telenor ASA Sigve Brekke told analysts and reporters on Tuesday::TELENOR CEO SAYS "WE ARE NOW VERY CLOSE TO A FINAL AGREEMENT WITH BHARTI IN INDIA".TELENOR CEO SAYS "WE BELIEVE THAT WE WILL SEE GOOD OPPORTUNITIES WITHIN OUR CORE BUSINESS AND OUR CORE GEOGRAPHIES GOING FORWARD".TELENOR CEO SAYS "WE WILL HOWEVER CONTINUE TO BE SELECTIVE, DISCIPLINED AND FOCUSED ON VALUE CREATION".TELENOR CEO SAYS "VERY OPTIMISTIC ON THE GROWTH PERSPECTIVE FOR THIS YEAR IN BANGLADESH".TELENOR CEO SAYS GRAMEENPHONE IS WELL POSITIONED THIS YEAR TO BE GROWTH ENGINE OF TELENOR'S PORTFOLIO.TELENOR CEO SAYS "WE ARE WELL PREPARED FOR THE ENTRY OF A NEW COMPETITOR IN MYANMAR".  Full Article

Bharti Airtel To Sell Apple Watch Series 3
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Bharti Airtel Ltd ::TO SELL APPLE WATCH SERIES 3.  Full Article