Page 90 - Bharti Airtel

Bharti Airtel gets Sebi's approval for Rs 25,000 crore rights issue

Sebi has given green signal to the rights issue of Bharti Airtel, the sources said

GIC to subscribe to Bharti Airtel rights issue of Rs 25,000 crore

Bharti Airtel's Board has additionally provided an in-principle approval to raise up to Rs 7,000 crore through foreign currency perpetual bonds

SingTel deserves tax refund for gifting Singapore govt a stake in Airtel

SingTel has been a big backer of Bharti founder Sunil Mittal, a former bicycle-parts trader who gained the most from the 1990s liberalisation of Indian telecom

Bharti Airtel to lower direct stake in Infratel from 50.33% to 18.3%

Airtel's unit Nettle Infrastructure Investments Ltd will buy an up to 32 per cent stake in Bharti Infratel by March 18

Bharti Airtel promoters, GIC to subscribe half of Rs 32K cr rights issue

The entire rights entitlement of promoter and promoter group of approximately Rs 16,785.7 crore will be subscribed by them and GIC," Bharti Airtel said in a statement Thursday

Singtel injects $525 mn in Airtel to help firm prop up balance sheet

Airtel plans to sell new shares worth Rs 250 billion for Rs 220 apiece, or a nearly 30% discount to its current stock price. It will raise another Rs 70 billion via foreign-currency denominated bonds

Airtel's capital infusion: Promoters to take part in Rs 25k-cr rights issue

Promoter Singapore Telecommunications Ltd (Singtel) said it will subscribe to 170 million new shares in the Rs 25,000 crore rights issue by Bharti Airtel

Rs 25,000-cr infusion not enough to stabilise Bharti Airtel's rating: S&P

S&P Global Ratings on Wednesday said Bharti Airtel's proposed rights issue of up to Rs 25,000 crore is not enough to stabilise its credit rating. The rating agency said that there is negative outlook, an indication of rating downgrade, which looks at renewed competition and higher capital spending by the company that will keep its debt level up. "S&P Global Ratings believes the proposed rights issue (of Rs 25,000 crore), if successful, would go a long way in restoring Bharti's balance sheet and shoring up leverage. However, the negative outlook on the rating captures the risk of renewed competition and elevated capital spending by Bharti, which may keep the leverage elevated," the rating agency said. The rating headroom remains limited despite the sizable equity infusion, it noted. The board of Airtel last week approved fund-raising plans of up to Rs 32,000 crore through a combination of rights issue and bonds -- a move that will help the company take on market competition ...

Bharti Airtel's planned rights issue 'credit positive', says Moody's

Airtel's fund-raising plans entail rights issuance of up to Rs 25,000 crore and Perpetual Bond with equity credit of up to Rs 7,000 crore

Fundraising plan, asset sales will cut Bharti Airtel debt by half: Analysts

While equity dilution is steep, funds will give the company flexibility to ease debt, fund capex and buy spectrum

41 mn customers lost, Bharti Airtel focuses on user retention, acquisition

Firm has set up 100 next-gen stores nationwide, has also been shifting existing store formats to new variant; will spend Rs 2,000 cr on digital transformation plan

Bharti Airtel's African subsidiary merges operations with Telkom Kenya

Post merger, the entity would become the second-largest telecom operator in Kenya

Moody's downgrades Bharti Airtel rating to Ba1 over cash-flow situation

Last week, Bharti Airtel reported a 72 per cent decline in consolidated net income for the three months ended December 31, 2018 at Rs 86 crore

Moody's downgrades Bharti Airtel's note rating to Ba1, over cash flows

This rating action concludes the review for downgrade initiated on 8 November 2018

Bharti Airtel plans to continue focus on high-revenue 4G subscribers

Reduces 49 million marginal subscribers in the December quarter to improve per-user revenue

Airtel Africa gets $200-mn investment from Qatar Investment Authority

With this fresh investment, the overall debt of Bharti Airtel will reduce to $3.5 billion

Bharat Airtel looks to IPO, buyouts to consolidate position in Africa

The 3G, 4G data and m-Commerce (Airtel Money) services are the next growth engines for the company in Africa.

Bharti Airtel in talks to acquire smaller rival Telkom Kenya: Report

The move comes after the two companies held merger talks last year, only for them to abandon the plan

Bharti Airtel to give Tanzania bigger stake in local telecoms company

Tanzania President John Magufuli and Bharti Airtel Chairman Sunil Mittal resolve dispute over ownership of Tanzanian mobile operator.

Bharti Airtel forms panel for fundraising to strengthen capital structure

Market estimates it to raise close to Rs 150 bn as the firm seeks to reduce debt, boost cash flows, meet capex