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Bharti Global To Acquire 24.5% Stake In BT Group From Altice UK
Bharti Global, the international investment arm of Bharti Enterprises, will acquire about 24.5 per cent stake in BT Group from Altice UK, according to a release on Monday.
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Airtel to Complete 5G Rollout in Urban Areas in 2023; Expects Network Investment to Be Around Rs. 28,500 Crore
Bharti Airtel expects to complete the 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs. 28,500 crore, a senior official of the company said on Wednesday.
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SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
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5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
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Bharti Airtel Allots 1.2 Percent Equity Shares to Google for $700 Million
Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs. 730 apiece. The allotment is part of Google's commitment to invest $1 billion (nearly Rs. 8,000 crore) with Airtel, which included equity investment in the company worth $700 million (nearly Rs. 5,600 crore), Airtel said in...
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Google-Bharti Airtel Deal Gets Approval From CCI for Up to $1 Billion Investment
The Competition Commission of India (CCI) has approved Google's proposed acquisition of a minority stake in telecom major Bharti Airtel. Earlier in January this year, Google announced its plan to invest up to $1 billion (roughly Rs. 7,510 crore) in Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the compani...
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Airtel Acquires Strategic Stake in Blockchain Technology Startup Aqilliz
Airtel announced that it has acquired a strategic stake in Aqilliz, a “Blockchain as a Service Company”.
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Bharti Airtel's Giant $673 Million Investment In India
Telecoms group Bharti Airtel said today it will invest 50 billion rupees ($673 million) in expanding its data centre business to meet customer demand in and around India.
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Airtel Chief Sunil Mittal Calls Space "The Next Frontier Of Communications"
India is poised to derive full benefit of global investments on 5G standards and ecosystems in the coming two-three years, as equipment prices come down and devices become available, Chairman of Bharti Airtel, Sunil Mittal said today.
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Amazon Said to Be in Talks to Buy $2-Billion Stake in Bharti Airtel
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India's digital economy for US tech giants.
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If Vodafone Idea Disconnects, India Picks Up The Bill
India faces a multi-billion-dollar hit to its economy and a tarnished reputation as a place for multinationals to invest unless it can keep Vodafone Idea in business. Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, is the most vulnerable of the mobile carriers ordered on Friday to immediately pay billi...
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Jio Says Will Raise Mobile Tariffs in a Few Weeks, Joins Airtel and Vodafone Idea
Reliance Jio on Tuesday said that it will increase telecom service charges in the next few weeks, among other measures. Jio said it would carry out an "appropriate" increase in tariffs which "does not adversely impact data consumption or growth in digital adoption and sustains investments".
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Bharti Telecom To Get Rs 2,649 Crore Investment From Singapore's Singtel
The transaction is subject to the shareholders' approval of Bharti Telecom and the funds raised will be used towards debt reduction, Bharti Airtel said.
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Telecom Operators To Invest Rs 74,000 Crore To Control Call Drops
"Reliance Jio has said that they will invest Rs 50,000 in installing 1 lakh towers in coming fiscal," said Telecom Secretary Aruna Sundararajan.
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Qatari Investor Looks To Sell $1.46 billion Stake In Airtel, Says Report
The Gulf nation has been offloading its investments in foreign companies recently.
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Bharti Global To Acquire 24.5% Stake In BT Group From Altice UK
Bharti Global, the international investment arm of Bharti Enterprises, will acquire about 24.5 per cent stake in BT Group from Altice UK, according to a release on Monday.
-
Airtel to Complete 5G Rollout in Urban Areas in 2023; Expects Network Investment to Be Around Rs. 28,500 Crore
Bharti Airtel expects to complete the 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs. 28,500 crore, a senior official of the company said on Wednesday.
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
-
5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
-
Bharti Airtel Allots 1.2 Percent Equity Shares to Google for $700 Million
Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs. 730 apiece. The allotment is part of Google's commitment to invest $1 billion (nearly Rs. 8,000 crore) with Airtel, which included equity investment in the company worth $700 million (nearly Rs. 5,600 crore), Airtel said in...
-
Google-Bharti Airtel Deal Gets Approval From CCI for Up to $1 Billion Investment
The Competition Commission of India (CCI) has approved Google's proposed acquisition of a minority stake in telecom major Bharti Airtel. Earlier in January this year, Google announced its plan to invest up to $1 billion (roughly Rs. 7,510 crore) in Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the compani...
-
Airtel Acquires Strategic Stake in Blockchain Technology Startup Aqilliz
Airtel announced that it has acquired a strategic stake in Aqilliz, a “Blockchain as a Service Company”.
-
Bharti Airtel's Giant $673 Million Investment In India
Telecoms group Bharti Airtel said today it will invest 50 billion rupees ($673 million) in expanding its data centre business to meet customer demand in and around India.
-
Airtel Chief Sunil Mittal Calls Space "The Next Frontier Of Communications"
India is poised to derive full benefit of global investments on 5G standards and ecosystems in the coming two-three years, as equipment prices come down and devices become available, Chairman of Bharti Airtel, Sunil Mittal said today.
-
Amazon Said to Be in Talks to Buy $2-Billion Stake in Bharti Airtel
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India's digital economy for US tech giants.
-
If Vodafone Idea Disconnects, India Picks Up The Bill
India faces a multi-billion-dollar hit to its economy and a tarnished reputation as a place for multinationals to invest unless it can keep Vodafone Idea in business. Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, is the most vulnerable of the mobile carriers ordered on Friday to immediately pay billi...
-
Jio Says Will Raise Mobile Tariffs in a Few Weeks, Joins Airtel and Vodafone Idea
Reliance Jio on Tuesday said that it will increase telecom service charges in the next few weeks, among other measures. Jio said it would carry out an "appropriate" increase in tariffs which "does not adversely impact data consumption or growth in digital adoption and sustains investments".
-
Bharti Telecom To Get Rs 2,649 Crore Investment From Singapore's Singtel
The transaction is subject to the shareholders' approval of Bharti Telecom and the funds raised will be used towards debt reduction, Bharti Airtel said.
-
Telecom Operators To Invest Rs 74,000 Crore To Control Call Drops
"Reliance Jio has said that they will invest Rs 50,000 in installing 1 lakh towers in coming fiscal," said Telecom Secretary Aruna Sundararajan.
-
Qatari Investor Looks To Sell $1.46 billion Stake In Airtel, Says Report
The Gulf nation has been offloading its investments in foreign companies recently.
