Page 56 - Bharti Airtel

Bharti Airtel dips 5% as Moody's places co's rating on review for downgrade

"The review for downgrade is primarily driven by our expectation that Bharti's cash flow generation will remain weak and leverage elevated," Moody's VP and Senior Credit Officer Annalisa DiChiara said

Tanzanian govt opposes Bharti Airtel's plan for IPO in international market

Just a few days ago Bharti Airtel announced it was getting six marquee investors to put $1.25 billion in its fully owned subsidiary

Bharti Airtel postpones $8 bn IPO of Africa unit amid market turmoil

Bharti is seeking the listing after spending heavily to acquire spectrum in India

Outlook for Bharti Airtel remains challenging as ARPU continues to decline

Heightened competition across customer segments, especially from Jio could translate into steepest industry ARPU fall in three years

Bharti Airtel India ops need recovery, Africa stake sale will cut debt: S&P

S&P Global Ratings said Thursday Bharti Airtel's sale of a minority stake in its Africa subsidiary will ease some pressure on the rating of the India-based telecom company. Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, have agreed to invest USD 1.25 billion through a primary equity issuance in Airtel Africa. "Bharti Airtel's sale of a minority stake in its Africa subsidiary will ease some pressure on the rating on the India-based telecommunications company. Bharti will use the proceeds of about USD 1.25 billion to repay of debt," S&P Global Ratings said in a statement. Despite the reduction in leverage, S&P said it continues to see risk of a downgrade if the business performance of Bharti does not improve in line with our expectation over the next 12-18 months, such that the ratio of funds from operations to debt remains below 20 per cent, it said. Bharti continues to prudently manage its leverage by exploring options ..

Bharti Airtel Q2 net profit falls 65% YoY to Rs 1.19 billion

Consolidated total revenues stood at Rs 204.22 billion, up 0.5 per cent Y-o-Y on an underlying basis.

Airtel's Africa arm gets $1.25 bn from 6 investors, IPO to follow

Bharti Airtel announced it was getting six marquee investors to put a total of $1.25 billion in its fully owned subsidiary, Airtel Africa.This will be through issue of new equity, followed soon by an Initial Public Offer (IPO) on the international stock exchange. This will enable the telecom major to cut the consolidated debt by eight per cent, says ICICI Securities. And, reduce its annual interest outgo, estimated by analysts at Rs 10 billion. These will strengthen it to take on its chief rival in the Indian market, Reliance Jio. Understandably, the market gave the stock a big thumbs-up; the scrip closed nearly nine per cent higher, to Rs 311.55. The six investors include Warburg Pincus, an earlier investor in Bharti. Also, Temasek, existing partner Singtel (which has invested $250 mn) and SoftBank International. With this deal, Bharti Airtel's stake in the company will go down from 100 per cent to 71 per cent. Bharti's consolidated debt is $15 bn (Rs 1.1 trillion), of which $7 bn ..

Bharti Airtel up 15% as investors to pump $1.25 billion in African unit

The stock moved higher by 15% to Rs 329 after Bharti Airtel said that six leading global investors to invest $ 1.25 billion in Airtel Africa through primary equity issuance.

Airtel gets FDI nod to offload 20% stake in DTH unit to Warburg Pincus

According to the contours of the deal announced in late 2017, Bharti Airtel will sell its 15 per cent stake in direct-to-home arm

Airtel, Zee Entertainment join hands to drive growth of digital content

Customers will get exclusive access to premium content of the media and entertainment network

Airtel Thanks: Get Rs 51 Amazon Pay gift card, renew Amazon Prime for free

Named Airtel Thank, the offer includes free benefits such as Amazon Prime subscription, Amazon Pay gift card worth Rs 51, yearly mobile protection, Airtel TV and Wynk music app subscription

Airtel, Jio to battle for supremacy with fibre-to-home broadband services

Bharti Airtel is rolling out last-mile connectivity with a target of reaching over 20 mn addressable households in 90-100 cities in the next 3 years

Reliance Jio effect: Bharti Airtel posts Rs 9.4-bn loss in India operations

Total revenues were also down by 8.6 per cent to Rs 200 billion for the June 2018 quarter, compared to Rs 219 billion last year

Airtel chairman Sunil Mittal's pay flat, MD Vittal's rises by 37%in FY18

"The telecom industry faced an extraordinarily turbulent year in India through unprecedented disruption," Mittal said in the report

Bharti Airtel hits 52-week low; stock falls 35% in thus far 2018

Bharti Airtel hit 52-week low of Rs 345, down 4%, trading at its lowest level since May 10, 2017 on the BSE.

Bharti Airtel may set up content company to drive data, plans expansion

Three large operators to have equal revenue share: Vittal

CCI green-lights Bharti Infratel-Indus Tower merger worth Rs 715 billion

Post the deal, Bharti Airtel and Vodafone will jointly control the combined company

Bharti Airtel announces senior leadership appointments for its B2B unit

Ajay Chitkara has been appointed as Director and CEO, Airtel Business to spearhead the domestic and global enterprise business as one unit

Bharti Airtel falls for sixth straight trading day; stock hits 52-week low

The stock hit a 52-week low of Rs 356, falling 13.6% in past six trading sessions after RJio announced a new unlimited postpaid plan on Thursday May 10

Analysts keep faith in Airtel despite lowest quarterly profit in 15 years

Analysts say the performance in the recently concluded quarter was more resilient relative to expectations