Page 55 - Bharti Airtel

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

Bharti Airtel appoints Badal Bagri as CFO with effect from March 1

Bagri has been with Airtel since January 2017

Airtel board sets up committee to explore options for raising funds

According to reports, the company has plans to raise around $2 billion

Airtel Africa appoints JPMorgan, Citigroup, 6 other banks to work on IPO

Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'

Bharti Airtel gains 3% as Africa arm appoints eight global banks for IPO

The stock was up 3% to Rs 338 on BSE after the telecom operator said its African unit has appointed global investment banks for a proposed IPO on an international stock exchange.

Bharti Airtel completes tender offer for buying back debt worth $1.5 bn

Earlier this month, Bharti Airtel said it would pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International

Bharti Airtel signs for over $2 bn loan as ratings downgrade threat looms

A price war for Indian customers has worsened since billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd. debuted with free services in 2016