Bharti Group

Bharti Telecom to open ₹15,000 cr mega bond issue next week, say bankers

A 100 basis-point cut in the RBI's policy rate in 2025, and an upgrade of the company's existing bonds to the highest-grade rating of AAA by Crisil Ratings has helped bring down costs for the company

Sunil Mittal's family office walks away from Haier India stake-buy talks

Sunil Mittal's family office pulled out of Haier India stake talks as valuation gap widened; Haier may consider IPO as Chinese firms trim India presence

Govt mandates lawful interception of satcom, bars data flow overseas

The Department of Telecom on Monday issued stringent security norms mandating legal interception of satellite communication services and barred companies from linking connection of users in any form with any terminal or facility located outside the country's border as well as processing of their data overseas. The security rules also mandate service providers to indigenise at least 20 per cent of their ground segment of the satellite network within years of their establishment in the country. The move assumes significance as the government is, for the first time, gearing up to open satellite communication service for the general public and needs to put measures in place to avoid any misuse of the services by criminal elements, especially terrorists. Key players like Elon Musk-led Starlink, Bharti Group-backed OneWeb and Jio Satellite Communications are in fray to provide satcom services in India. According to the instruction, the satcom service licence holder will require security

UK govt approves Bharti Global's acquisition of 24.5% stake in BT

The UK government has approved Bharti Global's acquisition of a 24.5 per cent stake in BT following a detailed national security assessment of the process since the Indian multinational and British telecom major announced the deal back in August. The Cabinet Office said its decision comes into force on Monday after an assurance that BT would set up a National Security Committee to oversee strategic work. The order noted that Bharti Televentures UK Limited acquired 24.5 per cent of the issued share capital of BT -- 9.99 per cent on August 12, 2024, and 14.51 per cent on November 18, 2024. "Following a detailed national security assessment, the Chancellor of the Duchy of Lancaster has made a Final Order pursuant to section 26 of the National Security and Investment Act 2021, which comes into force on 16 December 2024," the Cabinet Office said in a statement. "The Acquisition is a trigger event under section 8(8) of the Act. The Chancellor of the Duchy of Lancaster has approved the ..

Delhi High Court junks Rs 5,454 crore demand against Indus Towers

Allows input tax credit on inputs and input services used for setting up passive infrastructure

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

Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5 per cent 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. "We're delighted to have completed our investment into BT. Bharti has long recognised the enormous potential of the business. BT's renewed focus on optimisation, strengthening networks and driving consumer growth makes it well placed to consolidate its position as a leading global telecom company that delivers long-term value for investors," Mittal said. In August this year, Mittal's conglomerate had announced it will buy 24.5 per cent stake in BT Group for about USD 4 billion to become the single largest shareholder in Britain's biggest broadband and mobile company. Bharti Global, the ...

Agro Tech Foods buys Bharti group's Del Monte Foods in Rs 1,300 cr deal

The acquisition, valued at Rs 1,300 crore, will be completed within nine months

Had been tracking BT for 4-5 years, deal made in 2 weeks: Shravin Mittal

He tells that his investment firm unbound will soon become a billion dollar venture

Bharti dials up UK telecom play with $4 billion stake in BT Group

With 24.5% stake, it'll be biggest shareholder in Britain's 2nd-largest telco

Significant milestone, says Sunil Mittal after buying stake in BT Group

The BT Group on Monday said Bharti Global's acquisition of a significant stake in the British telecom major is a "great vote of confidence" in the future of the company and its strategy. Bharti Global, the international investment arm of Bharti Enterprises, announced an agreement to acquire about 24.5 per cent in BT Group from Altice UK. Chairman Sunil Bharti Mittal described the investment in the "iconic" British company as a "significant milestone" for Bharti Enterprises. "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 of the BT Group. "BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with th

Blackstone likely to acquire Carlyle stake in Bharti data centre arm

Bharti data centre valued at Rs 10,000 cr

Bharti to acquire JV partner AXA's 49% stake in Bharti AXA Life Insurance

Bharti Group on Wednesday said it has entered into a binding agreement with its joint venture partner AXA to acquire its 49 per cent stake in Bharti AXA Life Insurance. Post transaction, Bharti Life Ventures Private Limited (BLVPL), the holding company of Bharti AXA Life Insurance Company, will own 100 per cent stake in the life insurer. Currently, France-based AXA owns 49 per cent stake in the joint venture with Bharti. The transaction is subject to receipt of requisite regulatory approvals, Bharti Group said in a statement. Pursuant to the two parties' decision to merge Bharti AXA General Insurance with ICICI Lombard in 2020, and the subsequent exit of AXA from the shareholding of ICICI Lombard, BLVPL has now entered into an agreement to acquire AXA's 49 per cent shareholding and fully own the company, it said. Bharti's intention is to ensure that the life insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financi

Bharti Group backed Eutelsat Communications lists on London Stock Exchange

Bharti Group-backed Eutelsat Communications got listed on the London Stock Exchange, the company said on Friday. This will be the second stock exchange after the Euronext Paris Stock Exchange, where it is already listed. "Eutelsat Communications is pleased to announce that its entire issued share capital has today been admitted to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange (LSE) under the ticker symbol: ETL," the company said in a statement. The development follows after Eutelsat Communications completed the merger with OneWeb, creating the world's first geostationary-low earth orbit (GEO-LEO) satellite space connectivity company. "Eutelsat is among a limited number of listed equities offering exposure to the fast-growing Space Sector. Our admission to the London Stock Exchange will offer the opportunity to a wider section of investors and shareholders to participa

Airtel to merge Sri Lanka ops with Dialog to make nation's largest telco

Merging operations with Dialog is expected to give Airtel access to a larger user base in island nation

Brookfield, Bharti enter commercial real estate JV worth Rs 5,000 cr

Brookfield Asset Management says deal marks its commitment to build 'future-ready office environments' in India

Policy vacuum

Govt must frame rules for space communication

Spectrum auction to hurt India's satellite play, says Sunil Mittal

OneWeb is also in the process of getting regulatory approvals for a proposed merger with French satellite major Eutelsat Communications

700MHz spectrum acquisition gives Jio edge over Bharti for 5G monetisation

Standalone architecture is a superior quality network with a lot more capabilities that can be developed

Battle-hardened Bharti Airtel's future looks good now, says Sunil Mittal

With only "two-and-a-half players" left in the highly competitive domestic telecom sector, the future of battle hardened Bharti Airtel looks good now, its Chairman Sunil Mittal said on Thursday

OneWeb deploys 34 satellites; its in-orbit fleet now at 428 satellites

The latest move by the Low Earth Orbit (LEO) satellite communications company, brings its total in-orbit constellation to 428 satellites