Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details
4 months, 1 week ago

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details

News 18  

Bharti Enterprises has agreed to buy around 24.5 per cent stake in BT Group from the British telecommunication firm’s top shareholder, Altice UK, the company said in a stock exchange filing on Monday. “We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy,” said Allison Kirkby, chief executive officer. Bharti Enterprises said it would acquire an initial 9.99 percent stake before seeking to acquire the remaining 14.51 per cent following regulatory approvals, including voluntarily applying for clearance under the UK National Security and Investment Act. “This investment demonstrates the confidence we have in BT and in the UK,” Bharti Enterprises Chair Sunil Bharti Mittal said in a statement.

Investment Group Bharti Stake Bharti Airtel Enterprises Bt Group Bharti Enterprises Bharti Global  bharti  stake  details  investment  enterprises  cent  shareholder  picks  bt  acquire  uks  245  uk  group  altice

History of this topic

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson
3 weeks ago

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson

India Today  

India's Bharti Airtel on Wednesday signed a "multi-billion" dollar deal with Swedish telecom equipment maker Ericsson ERICb.ST to boost its 4G and 5G coverage in the world's second-largest smartphone market. Demand from India's 5G market started to skyrocket in 2023, as Bharti Airtel and Jio, the telecom unit of Reliance Industries, started to scale up 5G services. Ericsson, Bharti Airtel's …

Bharti Global completes acquisition of 24.5% of BT Group from Altice UK
1 month ago

Bharti Global completes acquisition of 24.5% of BT Group from Altice UK

The Hindu  

Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil Bharti Mittal, Chair of Bharti Enterprises said Bharti has long recognised the enormous potential of the business, as the telecom stalwart expressed his delight at completion of the transaction. …

Bharti Airtel Share Price Today on 05-11-2024: Bharti Airtel share price are down by -0.8%, Nifty up by 0.91%
1 month, 2 weeks ago

Bharti Airtel Share Price Today on 05-11-2024: Bharti Airtel share price are down by -0.8%, Nifty up by 0.91%

Live Mint  

Bharti Airtel Share Price Today on 05-11-2024: At 05 Nov 16:01 today, Bharti Airtel shares are trading at price ₹1578.85, -0.8% down from the previous closing price. On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at …

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
1 month, 2 weeks ago

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Live Mint  

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees in the local-currency bond market, according to people familiar with the matter. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg. The borrowing is coming days after India’s second-largest wireless carrier Bharti Airtel Ltd., in which …

Bharti Airtel's Price on the Rise, but Nifty Shows Caution
1 month, 3 weeks ago

Bharti Airtel's Price on the Rise, but Nifty Shows Caution

Live Mint  

Bharti Airtel share price is up by 0.65% today, trading at ₹1647.55. The stock has hit a high of ₹1651.5 and a low of ₹1618 during the day. On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The company has a ROE of 9.36% & ROA of 1.92% respectively. …

Sunil Mittal’s JLR moment at BT isn’t likely any time soon – if at all
4 months, 1 week ago

Sunil Mittal’s JLR moment at BT isn’t likely any time soon – if at all

Live Mint  

Bharti Enterprises’s acquisition of a 24.5% stake in BT from embattled Franco-Israeli tycoon Patrick Drahi is being seen as Sunil Mittal’s Jaguar Land Rover moment. Incidentally, BT’s head of digital Harmeen Mehta previously worked at Bharti, and Kriby is reported to have pushed hard to secure the deal. Mittal’s other British interests include the opulent Gleneagles hotel and resort in …

After BT, Bharti may consider more opportunities in Europe: Mittal
4 months, 1 week ago

After BT, Bharti may consider more opportunities in Europe: Mittal

Live Mint  

The Bharti group’s European foray through a 24.5% share buy in BT Group Plc was a signal that Indian business groups like itself were ready to take the global stage, said Bharti Enterprises Ltd chairman Sunil Mittal, highlighting that the steps into global markets were backed by the Indian government. We operate in 16 countries already, and now, having the …

Bharti Enterprises to pick up 24.5% stake in UK’s British Telecom Group
4 months, 1 week ago

Bharti Enterprises to pick up 24.5% stake in UK’s British Telecom Group

Live Mint  

Bharti Enterprises, led by billionaire Sunil Bharti Mittal, will buy a 24.5% stake in British Telecom Group Plc, the UK's largest mobile and broadband services provider, the companies said in a statement Monday. Bharti Televentures UK Ltd, a wholly owned subsidiary of Bharti Enterprises’s international investment arm Bharti Global, will buy the equity from telecom services provider Altice UK, which …

Bharti to acquire about 24.5% stake in BT Group from Altice UK
4 months, 1 week ago

Bharti to acquire about 24.5% stake in BT Group from Altice UK

Hindustan Times  

Bharti Global, the international investment arm of Bharti Enterprises, will acquire about 24.5 per cent stake in BT Group, Britain's largest broadband and mobile company, from Altice UK, a release said on Monday. "Bharti Global, the international investment arm of Bharti Enterprises, a leading Indian business group with world-class companies in telecoms, digital infrastructure and space communications, has reached an …

Bharti Airtel divests Sri Lanka operations, merges with Dialog Axiata
8 months ago

Bharti Airtel divests Sri Lanka operations, merges with Dialog Axiata

Live Mint  

Bharti Aitel Ltd, India’s second largest carrier by subscribers, will divest its operations in Sri Lanka and merge them with Dialog Axiata, the largest telecom services provider in the island country, through a share swap deal. Airtel Lanka’s 5 million customers will be serviced by the merged entity and brand Dialog Axiata, people familiar with the development said. Dialog Axiata …

Bharti Hexacom Share Price: Bharti Hexacom shares debut at 32% premium over IPO price
8 months, 1 week ago

Bharti Hexacom Share Price: Bharti Hexacom shares debut at 32% premium over IPO price

Hindustan Times  

Bharti Hexacom Share Price: Shares of Bharti Hexacom made an stellar debut today as they listed with 32.4 per cent premium at ₹755 against the IPO price of ₹570 beating estimates of 12-15 per cent premium. Bharti Hexacom Share Price: Bharti Hexacom shares debut at 32% premium over IPO price Bharti Hexacom IPO subscription The issue had a robust subscription …

Bharti Hexacom IPO listing today: Here's what latest GMP indicates
8 months, 1 week ago

Bharti Hexacom IPO listing today: Here's what latest GMP indicates

Hindustan Times  

Bharti Hexacom IPO listing: The listing date of the initial public offering of Bharti Hexacom Limited is today. Bharti Hexacom IPO listing today: Bharti Hexacom IPO received a strong response from investors during its three-day bidding phase. Bharti Hexacom IPO subscription Bharti Hexacom IPO received a strong response from investors during its three-day bidding phase which started on on April …

Bharti Hexacom IPO: Shares To Make Market Debut Tomorrow
8 months, 1 week ago

Bharti Hexacom IPO: Shares To Make Market Debut Tomorrow

ABP News  

Bharti Hexacom IPO Bharti Hexacom, a subsidiary of Bharti Airtel, is poised to enter the stock market on Friday, April 12, 2024, following the closure of its initial public offering last week. The IPO garnered massive investor interest, with subscription rates reaching a remarkable 29.88 times by the deadline on April 5, highlighting the market's enthusiasm for the telecom arm. …

Bharti Hexacom IPO opens today: 5 things to know before subscribing
8 months, 3 weeks ago

Bharti Hexacom IPO opens today: 5 things to know before subscribing

Hindustan Times  

Bharti Airtel's subsidiary Bharti Hexacom's initial public offering opens for subscription today. Bharti Hexacom IPO: The initial public offerings will close for subscription on April 5. For the six months ended September, Bharti Hexacom reported a revenue of ₹3,420 crore, compared to ₹3,167 crore a year ago. The shares of Bharti Hexacom IPO are trading at a premium of ₹47 …

Bharti Hexacom IPO, first in 2024-25 fiscal, opens for subscription on this date
8 months, 3 weeks ago

Bharti Hexacom IPO, first in 2024-25 fiscal, opens for subscription on this date

Hindustan Times  

Bharti Hexacom, the arm of Bharti Airtel, will open its initial public offering for subscription on April 3. According to the report, the IPO comprises an offer-for-sale of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Bharti Airtel holds 70 per cent stake and the remaining 30 per …

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue
9 months ago

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue

Hindustan Times  

Bharti Hexacom, which is owned by telecom major Bharti Airtel, could likely bring its IPO in April first week, seeking valuation of over ₹28,000 crore, CNBC-TV18 reported. The IPO size could be around ₹4,300 crore, the report added after Bharti Hexacom received approval from the Securities and Exchange Board of India to go ahead with its IPO plans. Bharti Hexacom …

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore
9 months, 2 weeks ago

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore

Hindustan Times  

Singapore Telecommunications on Thursday said it has sold a 0.8% stake in Bharti Airtel for S$950 million to U.S. investment firm GQG Partners. SingTel, through its unit Pastel, sold 49 million or 0.8% of the outstanding shares in Airtel, also effectively reducing its stake in the telecom operator by 0.8 percentage points, it said in a statement. "The Group is …

Bharti Airtel shares drop over 2% following news of Warburg Pincus stake sale
1 year ago

Bharti Airtel shares drop over 2% following news of Warburg Pincus stake sale

Live Mint  

Bharti Airtel share price fell over 2% on Thursday's session following news reports that stated that Warburg Pincus, international private equity firm, was looking to offload a stake in Bharti Airtel as it continues to pare its stakes in several Indian companies. On December 6, as per media reports Warburg Pincus planned to raise $211 million by selling 17.5 million …

Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake to be 45.6%
1 year, 5 months ago

Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake to be 45.6%

Live Mint  

India's leading telecom firm, Bharti Airtel has acquired additional 20.6% stake in the SD-WAN startup, Lavelle Networks. “In furtherance to the earlier communication dated January 31, 2022 and in terms of terms of Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company has entered into an agreement resulting in acquisition of aggregate 45.6% stake …

Bharti Airtel Q4 Profit Beats Estimates; Should you Buy, Sell or Hold the Telecom Stock?
1 year, 7 months ago

Bharti Airtel Q4 Profit Beats Estimates; Should you Buy, Sell or Hold the Telecom Stock?

News 18  

Bharti Airtel Share Price: Shares of Bharti Airtel were trading higher on Wednesday morning, a day after the company announced its March quarter earnings. Bharti Airtel reported a 50 per cent jump in consolidated net profit at Rs 3,006 crore for the quarter ended March 2023 from Rs 2,008 crore a year back. Revenue was up 1 per cent sequentially, …

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?
1 year, 10 months ago

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?

News 18  

Telecom major Bharti Airtel stock fell around 2 per cent in early deals after it announced its Q3 results, which missed analyst estimates. Bharti Airtel reported 92 per cent surge in consolidated net profit at Rs 1,588 crore for the quarter ended December 2022 as against Rs 830 crore in the same quarter of the previous year, helped by the …

Stocks to Watch: Indigo, Zee Entertainment, Airtel, TCS, Maruti Suzuki, Mindtree
2 years, 3 months ago

Stocks to Watch: Indigo, Zee Entertainment, Airtel, TCS, Maruti Suzuki, Mindtree

Live Mint  

Here is the list of top 10 stocks that will be in focus today InterGlobe Aviation: Rakesh Gangwal, the co-founder of India’s biggest airline, IndiGo, will sell up to a 2.8% stake in Interglobe Aviation Ltd through a block deal that will fetch him at least $250 million, according to deal terms reviewed by Mint. Bharti Airtel promoter Bharti Telecom …

Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore
2 years, 4 months ago

Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore

India TV News  

Highlights The deal would amount for 2.25 billion Singapore dollars or about Rs 12,895 crore The acquisition is to be completed over a period of 90 days The development was confirmed by Bharti Airtel in a regulatory filing on Thursday Bharti Airtel promoter Bharti Telecom will buy a 3.33-per cent stake from Singtel for 2.25 billion Singapore dollars or about …

Bharti Airtel stock plunges 5%
2 years, 5 months ago

Bharti Airtel stock plunges 5%

The Hindu  

Bharti Airtel shares plunged 5.03% to ₹660.30 on the BSE while Vodafone Idea gained 3.44% to ₹8.72. The Adani Group had clarified that it would not enter the consumer mobility space, but that its bid for 5G spectrum auction would be to provide private network solutions along with enhanced cybersecurity in the airport, ports & logistics, power generation, transmission, distribution …

CCI Approves Google International's 1.28% Stake Buy In Bharti Airtel
2 years, 5 months ago

CCI Approves Google International's 1.28% Stake Buy In Bharti Airtel

News 18  

The Competition Commission of India on Friday said it has approved the proposed acquisition of a 1.28 per cent stake by Google International in Bharti Airtel. “The Acquirer and the Target have executed an Investment Agreement per which the Acquirer proposes to acquire a minority and non-controlling stake of 1.28 per cent of equity share capital in the Target. Bharti …

Bharti Airtel acquires minority stake in cloud networking solutions firm Cnergee Technologies
2 years, 7 months ago

Bharti Airtel acquires minority stake in cloud networking solutions firm Cnergee Technologies

The Hindu  

New Delhi: Bharti Airtel on Wednesday said it has acquired a “strategic minority stake” in Mumbai-based cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program. As per information shared with the stock exchange, Bharti Airtel has acquired approximately 7 per cent stake in Cnergee Technologies at “mutually agreed pre-money enterprise valuation. The said valuation is not disclosed …

Bharti Airtel to acquire 25% stake in technology startup Lavelle Networks
2 years, 10 months ago

Bharti Airtel to acquire 25% stake in technology startup Lavelle Networks

The Hindu  

Bharti Airtel on Monday said it would acquire 25% equity stake in Bengaluru-based technology startup, Lavelle Networks, which specialises in Software-Defined Wide Area Network solutions. “As part of its NaaS portfolio, Airtel will offer software defined connectivity solutions from Lavelle Networks and co-create a host of innovations as part of its NaaS platform. This also aims to bring “Made in …

Google to invest $1 bn in Airtel to boost India play
2 years, 10 months ago

Google to invest $1 bn in Airtel to boost India play

Hindustan Times  

Google will invest as much as $1 billion in Bharti Airtel Ltd, India’s second-biggest telecom services provider, as the Internet giant redoubles efforts to increase smartphone access and accelerate digital transformation in the world’s second-most populous nation. People walk by a Google sign on the company's campus in Mountain View, California Alphabet Inc., the parent of Google, will buy a …

Bharti Airtel hikes prepaid tariff by up to 25%
3 years, 1 month ago

Bharti Airtel hikes prepaid tariff by up to 25%

The Hindu  

Bharti Airtel on Monday announced it was raising prepaid tariffs by up to 25% with effect from November 26, reasoning that the move had been necessitated by the need to increase mobile revenues so as to safeguard the business's financial health. “Bharti Airtel has always maintained that the mobile Average Revenue Per User needs to be at ₹200 and ultimately …

Bharti Airtel forms new telecom entity for big digital push
3 years, 8 months ago

Bharti Airtel forms new telecom entity for big digital push

Live Mint  

Bharti Airtel Ltd on Wednesday announced a new corporate structure that will allow the telco to sharpen its focus on digital assets and unlock value from India’s digital opportunity. Bharti Telemedia Ltd, a wholly-owned direct-to-home subsidiary of the telco, will continue to operate as a separate entity for now but will eventually be merged with Airtel Ltd, the company said. …

Dixon, Bharti Enterprises to Form Joint Venture Company to Make Telecom, Network Products
3 years, 8 months ago

Dixon, Bharti Enterprises to Form Joint Venture Company to Make Telecom, Network Products

News 18  

Contract manufacturer Dixon has entered into a memorandum of understanding with Bharti Enterprises Ltd to form a joint venture in order to apply for the Indian government’s Production Linked Incentive scheme for manufacturing of telecom and networking products. According to a release shared by the two companies, Dixon’s wholly owned subsidiary- Dixon Electro Appliances Private Limited or any other Company …

Bharti Airtel posts Rs 854 cr profit after six straight quarters of loss
3 years, 10 months ago

Bharti Airtel posts Rs 854 cr profit after six straight quarters of loss

India TV News  

Telecom operator Bharti Airtel on Wednesday posted a consolidated net profit of Rs 854 crore in the third quarter ended December 2020, mainly on account of high revenue customers and increase in subscriber base in India. Bharti Airtel reported the highest-ever consolidated quarterly revenue of Rs 26,518 crore, up 24.2 per cent from Rs 21,344 crore in the corresponding quarter …

Bharti Airtel shares jump 9% on strong Q2 earnings
4 years, 1 month ago

Bharti Airtel shares jump 9% on strong Q2 earnings

Live Mint  

NEW DELHI: Shares of Bharti Airtel Ltd on Wednesday rallied nearly 9% after the telecom operator reported robust earnings for the September quarter. A boom in remote work propelled a 58% year-on-year jump in data consumption at Bharti Airtel in the September quarter, helping India’s second-largest telco post record consolidated revenues, which offset the telco’s net loss during the quarter. …

ICICI Lombard in Talks to Acquire Bharti AXA General Insurance: Report
4 years, 4 months ago

ICICI Lombard in Talks to Acquire Bharti AXA General Insurance: Report

News 18  

ICICI Lombard General Insurance has initiated talks to acquire Bharti Enterprises backed Bharti AXA General Insurance in all stock transaction, according to sources. Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent. In 2016, Bharti Enterprises' talks with Reliance Industries to sell its 74 per cent stake in …

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