Page 3 - Sunil Mittal

Bharti Telecom buys 1.35% stake in Bharti Airtel for Rs 8,301 crore

Bharti Telecom on Friday bought a 1.35 per cent stake in telecom provider Bharti Airtel for Rs 8,301 crore through an open market transaction. Bharti Telecom is the largest promoter of Bharti Airtel Ltd with a 38.35 per cent stake as of September 30. According to the block deal data available with the National Stock Exchange (NSE), Bharti Telecom purchased more than 8.11 crore shares, amounting to a 1.35 per cent stake in Bharti Airtel. The shares were acquired at an average price of Rs 1,023 apiece, taking the aggregate transaction value to Rs 8,301.73 crore. Meanwhile, another promoter group firm Indian Continent Investment Ltd offloaded the same number of shares of Bharti Airtel at the same price. At the end of the September quarter, Bharti Telecom owned a 38.35 per cent stake while Indian Continent Investment Ltd had a 5.93 per cent stake in Bharti Airtel, shareholding data pattern showed with the bourse. On Friday, shares of Bharti Airtel fell 0.27 per cent to close at Rs 1,

Bharti Telecom plans its biggest-ever rupee bonds worth Rs 8,000 cr

The issuance is also Bharti's first in the onshore market in almost a year. It raised Rs 3,200 crore through three-year notes in December last year

Lack of real-life use cases preventing major telcos from charging for 5G

Telcos are looking for services that fully leverage 5G tech. In the absence of such services, the telcos have no option but to offer 5G services at 4G rates

Sunil Mittal's Airtel Uganda IPO failed to sell as investors prefer bonds

The demand for Ugandan government bonds maturing in 2033 exceeded the amount on sale by eight fold in an auction on Thursday

African Union's inclusion in G20 is historic and long overdue: Sunil Mittal

The intent is clear and these are the bold enablers to reach the final destination. After all, it took decades for the European Union to take its shape and be in its current form

Defining milestone: Sunil Mittal on African Union joining G20 as member

As the African Union joined the G20 on Saturday, Sunil Mittal, Founder and Chairman of Bharti Enterprises said the day will be remembered as a "defining milestone" towards charting more inclusive compositions across international organisations and their bodies. Mittal congratulated Prime Minister Narendra Modi "for successfully leading the inclusion of the African Union as a permanent member of the G20". "My hearty congratulations to PM Narendra Modi for successfully leading the inclusion of the African Union as a permanent member of the G20. As this announcement finds its way from New Delhi to the world, I am certain that this day will be remembered as a defining milestone towards charting more inclusive compositions across international organisations and their bodies," Mittal said in a statement. Mittal added he has personally witnessed the government's "uncompromising focus" on this inclusion through his engagement as Chair of the B20 Action Council on African Economic ...

Sunil Mittal's Airtel plans Uganda's biggest IPO to raise $216 million

The offer opens on Wednesday and closes on Oct. 13, according to a prospectus released in the capital, Kampala, on Tuesday. The company will start trading on the exchange on Oct. 31

ARPU: What is average revenue per user, and how is it calculated?

ARPU is an important indicator of a telecom company's business health. Here is what it means

I think animal spirits are already out in India Inc, says Sunil Mittal

'If you want to put out 5G fast, we need access to V and E bands'

Tim Cook, Sunil Mittal reaffirm commitment to work closely in India, Africa

Apple CEO Tim Cook met Bharti Group founder and chairman Sunil Mittal and both of them reaffirmed commitment to work more closely in the India and Africa market, Bharti Group said on Friday. Apple has opened its first two official stores in India during the week. "Tim Cook and Sunil Bharti Mittal had an hour-long meeting this morning. While expressing their satisfaction on the ongoing long relationship that Apple and Airtel have had, (they) reaffirmed their commitment to work more closely in the Indian and African market," Bharti Group said in a statement Apple has completed 25 years of operation in India. Cook on April 18 inaugurated the first Apple Store in Mumbai and second in Delhi on April 20.

Airtel eyes tariff hike mid-year; here's how telcos' Arpu stack up

Airtel reported an ARPU of Rs 193 in Q3, FY23 with the widening of its 4G customer base

Paytm advances 5% on report that Sunil Mittal is eyeing stake in company

Meanwhile, Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, the Bloomberg reported

Telecom tycoon Sunil Mittal seeking a stake in Paytm, says report

Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant's payments bank

India's billionaire club shrinks to 120, Gautam Adani tops rich list

In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago

Airtel CEO Gopal Vittal elected deputy chair of GSMA for two years

Member companies selected 26 board members for 2023-24 which include senior executives from mobile operators

Can low earth orbit satellites roar? Mittal, Musk, Tatas putting in money

The size of the market will also depend on which customer segment the players are targeting

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

Mittal family increases stake in Airtel, group arm to buy 3.3% from Singtel

Transaction to cost around Rs 12,900 crore; family currently owns 24.13% stake in Airtel

No fuss, no follow up: Sunil Mittal praises govt on spectrum allocation

Says this is a first in his over 30 years of first-hand experience with Department of Telecommunications

No fuss, no follow up: Mittal praises govt on quick spectrum allocation

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. This is the first time ever that the Department of Telecom (DoT) has handed out a spectrum allocation letter on the day of making upfront payment. "Airtel paid Rs 8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. E band allocation was given along with spectrum as promised. No Fuss, No Follow Up, No running around the corridors and No tall claims. This is ease of doing business at work in its full glory," Mittal said in a statement. The Department of Telecom has received payment of around Rs 17,876 crore from service providers -- Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for spectrum they won in a recent auction. While all telecom operators have opted to make payments in 20 annual ...