Bharti Tele-Ventures bag Asian MobileNews award
India's leading cellular company Bharti Tele-Ventures has bagged the "Asian MobileNews operator of the year" award in India and the subcontinent.The award is part of the annual Asian MobileNews Awards 2004, a company release said here on Thursday.Commenting on the award, group Chairman Sunil Mittal said "It is heartening to know that Bharti's efforts in enabling faster and more affordable communications is being recognised not just in this country but across the world."The award comes close on the heels of Frost & Sullivan CEO of the year award to Mittal last month, the release added.
Bharti Airtel is learnt to be in talks to sell around 10% in its hived tower company?Bharti Infratel?to a private equity (PE) player for about $1.1 billion. Sources close to the development told ET that India's largest private telecom company has been in talks with two leading PE players?Singapore government's investment arm Temasek and US-based Warburg Pincus?for the deal. Bharti is currently in the process of transferring its mobile telecom towers and related
Bharti Tele-ventures, the service arm of Sunil Mittal-owned Bharti Group, on Wednesday announced a 143 per cent rise in its losses at Rs 67.62 crore for the quarter ended June 2002, even as the company registered a 56 per cent jump in its cash profit. "The net losses have increased as depreciation and amortisation in the company, which is involved with new project and has made significant investments, has increased from Rs 54 crore to Rs 124 crore.
The Foreign Investment Promotion Board (FIPB) has cleared the proposals of both Bharti Tele-ventures and Reliance Communications to increase their foreign shareholdings to 74%. Both proposals had been deferred earlier. Bharti had first approached the FIPB late last year stating that it had merged its cellular, fixed-line, broadband and data services formally operated through its two main subsidiaries ?
Bharti Airtel is learnt to be in talks to sell around 10% in its hived tower company?Bharti Infratel?to a private equity (PE) player for about $1.1 billion. Sources close to the development told ET that India's largest private telecom company has been in talks with two leading PE players?Singapore government's investment arm Temasek and US-based Warburg Pincus?for the deal. Bharti is currently in the process of transferring its mobile telecom towers and related
Bharti Tele-ventures, the service arm of Sunil Mittal-owned Bharti Group, on Wednesday announced a 143 per cent rise in its losses at Rs 67.62 crore for the quarter ended June 2002, even as the company registered a 56 per cent jump in its cash profit. "The net losses have increased as depreciation and amortisation in the company, which is involved with new project and has made significant investments, has increased from Rs 54 crore to Rs 124 crore.
The Foreign Investment Promotion Board (FIPB) has cleared the proposals of both Bharti Tele-ventures and Reliance Communications to increase their foreign shareholdings to 74%. Both proposals had been deferred earlier. Bharti had first approached the FIPB late last year stating that it had merged its cellular, fixed-line, broadband and data services formally operated through its two main subsidiaries ?