Telcos Reliance Jio and Bharti may post a 5-7 per cent sequential rise in revenue with a steady margin for the second quarter of FY22, according to Jefferies. Bharti's growth will be led by segmented tariff hikes taken in the second quarter ended September, while Jio's growth will be driven by continued subscriber growth, it further said. Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter.
The South African government is tightening the screws on the proposed $23 billion share-swap deal between its telecom major MTN and Bharti Airtel, Indian's largest telecom company, by making it clear that the company has to retain its character as a South African company.
Facebook has launched an 'internet.Org' initiative
The company had already sought bids to set up towers in countries like Nigeria, Kenya and Tanzania, said sources. Bharti is giving these orders market wise, instead of one bulk order.
South Australian Redback fast bowler Shaun Tait is licking his lips at the thought of bowling on South African wickets in the Airtel Champions League Twenty20 (CLT20), beginning on Friday.
The company faces $3-bn payout to Econet Wireless.
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
The proposed $23-billion mega deal between Bharti Airtel and South Africa's MTN would be India's biggest-ever M&A deal. Let us now take a look at the 10 largest M&A transactions involving an Indian company until now
Bharti Airtel Ltd on Thursday said it is still in talks with South Africa's MTN over a deal which could see a merger of the two telecom giants with a combined revenue of $20 billion.
Bharti Airtel Ltd on Thursday said it is still in talks with South Africa's MTN over a deal which could see a merger of the two telecom giants with a combined revenue of $20 billion. The two companies would be in exclusive talks till July 31.
After the transaction with Temasek, Singtel will hold 47.39 per cent in Bharti Telecom.
Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation.
Having secured funding commitment for the now-aborted $23 billion MTN deal, Bharti Airtel is likely to look for other opportunities in South Africa and Asian markets.
Telecom major Bharti Airtel's net profit fell for the tenth quarter in a row, declining 37 per cent to Rs 762.2 crore for the quarter ended June 30, 2012.
Bharti Airtel on Tuesday inked a definitive agreement with Kuwait's telecom firm, Zain, to acquire its African assets at an enterprise value of $10.7 billion
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
The head of the South African mobile phone giant with huge interests in Africa was lauded by analysts here for having led MTN to great heights, but some felt that Nhleko's two failed attempts at a deal with Bharti Airtel had tarnished his image.
According to South Africa government officials, they are working closely with India through their respective finance ministries on the proposed deal between Bharti Airtel and MTN, including seeking exemption on a range of exchange controls regulations.
Once the deal is through, Bharti Airtel would be the seventh largest telecom company in the world, with a subscriber base of 171 million.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
A bench comprising Justices N K Sodhi and Samar Ray observed that the appeal was 'premature' and dismissed it as 'infructious'. Deepak Mehra, a shareholder of Bharti Airtel who holds around 100 shares aggregating to around Rs 40,000, sought to overturn an informal guidance issued by Sebi on June 22.
In his first public appearance after talks were called off on September 30, Mittal, who is CMD of Bharti Airtel said, "No further talks with MTN and the current round is over."
The Reserve Bank said overseas direct investments by Indian companies, including Bharti Airtel, totalled $2.37 billion in February, up about 30.25 per cent year-on-year.
As investors struggle to find quality stocks following the sharp rise in the benchmark indices, four brokerages give their picks.
Bharti Airtel, India 's leading mobile operator, said it could "move pretty quickly" if the board of MTN, the South Africa-based telecoms group, puts itself up for sale on Monday.
Slow domestic growth, global ambitions will prompt deals similar to MTN, say analysts
...accusing them of failing to meet minimum standards.
Two years ago, the number was 4,000, according to Indian businessmen.
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain. Without Voda Idea, the Group will become smaller than Airtel and Jio.
Star India successfully bagged the global media rights for the next five seasons of Indian Premier League -- including broadcast and digital -- for a massive Rs. 16,347.50 crores ($2.55 billion), in Mumbai, on Monday.
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Mittal said that overall, he expected that by March 2018, the "dust will settle down" for the entire industry.
Ben Wheeler will replace Jacob Oram in the Central Stags squad for the 2010 Airtel Champions League Twenty20, in South Africa from September 10-26. The tournament's Technical Committee on Friday allowed the change after scans confirmed the injury-plagued New Zealand all-rounder will require surgery on his injured knee.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
Bharti Global is planning to put up more satellites and has set a stiff deadline to launch commercial Internet services by October in the UK, Alaska, northern Russia and northern Europe.
Spanish music sensation Enrique Iglesias will perform a special concert 'Enrique Live' at Emmarentia Botanical Gardens in Johannesburg on September 9, an event which will inaugurate the Airtel Champions League Twenty20 that gets underway a day later at the Wanderers Stadium.
Amitabh Bachchan has been signed on as the brand ambassador for the second edition of the Champions League Twenty20, to be held in South Africa from September 10.
The South African Treasury is processing an application from telecom major MTN related to various exchange control regulations for the proposed transaction with Bharti Airtel.
Despite low tariffs, voice usage is not growing.
Two Indian cricketers, Virender Sehwag and Robin Uthappa, have found berth in the initial Airtel Champions League Twenty20 All-Stars XI, chosen by ESPN Star Sports commentators. The swashbuckling Sehwag, who returned to top flight competition after recovering from a shoulder injury sustained during the Indian Premier League competition in South Africa in May, is the lone Delhi Daredevils player to make the cut.
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