Bharti Airtel said on Tuesday it has acquired a 4.7 percent stake in Indus Towers from Euro Pacific Securities Ltd, an affiliate of Vodafone Group. “Further to our intimations dated February 25, 2022, and March 25, 2022, we wish to submit that the Company, along with its wholly-owned subsidiary, Nettle […]
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Bharti Airtel announces pricing of $1.25 billion dual-tranche senior
Bharti Airtel said on Thursday it has successfully priced its debt fundraise of 1.25 billion dollars through the issuance of its first-ever dual-tranche US dollar bond offering spread across senior and perpetual issuance. This is the largest issuance by any Indian investment-grade issuer since January 2019. Airtel priced 750 million dollars of senior 10.25-year […]
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S&P assigns BBB-minus to Bharti Airtel’s proposed senior notes
S&P Global Ratings on Tuesday assigned BBB negative long-term issue rating to senior unsecured notes that Bharti Airtel Ltd proposes to issue. At the same time, it assigned BB long-term issue rating to proposed subordinated perpetual securities (PERPS) issued by Network i2i Ltd and guaranteed by Bharti Airtel. Bharti Airtel will use […]
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Airtel clocks consolidated revenues at Rs 26,518 crore in Q3
Telecom major Bharti Airtel on Wednesday posted consolidated revenues for Q3 21 at Rs 26,518 crore, up by 24 percent year-on-year. Its India revenues at Rs 19,007 crore increased by 25 percent while mobile revenues grew by 32.4 percent on account of improved realisations as well as strong customer addition. The average revenue per user (APRU) for […]
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Bharti Airtel’s Sunil Mittal bids for satellite firm OneWeb
Indian telecommunications tycoon Sunil Mittal has submitted a bid for OneWeb, the bankrupt satellite firm whose investors include SoftBank Group Corp., people with knowledge of the matter said. An arm of Mittal’s Bharti Enterprises Ltd. conglomerate made an offer for London-based OneWeb with backing from the UK government, according to […]
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Bharti Airtel rallies 10% after Q4 earnings, hits 1-year high
Shares of Bharti Airtel on Tuesday zoomed 10 per cent after the company reported consolidated revenue of Rs 23,722.7 crore during the reported quarter on broad-based strength, with all segments registering healthy underlying growth. The telco, however, posted a consolidated loss of Rs 5,237 crore for the January-March quarter of […]
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Bharti Airtel, Vodafone Idea report record losses in Quarter 2
Vodafone Idea Ltd and Bharti Airtel Ltd have posted record losses in the September quarter, ravaged by an unfavourable apex court order that upheld the government’s broader definition of revenue on which it calculates levies on telecom firms. Vodafone Idea’s loss for the September quarter widened to ₹50,922 crore from ₹4,874 crore in the year […]