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Bharti Airtel names Sharat Sinha as Airtel Business CEO
YourStory
·
1y ago
Medial
Sharat Sinha has been appointed as the CEO of Airtel Business, a division of telecom operator Bharti Airtel. Sinha, who previously served as the president of Asia Pacific at Checkpoint Software Technologies, brings a wealth of experience from leading technology companies such as Palo Alto Networks, Cisco, and VMWare. In his new role, Sinha will report to Gopal Vittal, CEO and MD of Bharti Airtel, and will contribute to the company's ambitions in expanding its connectivity and adjacencies portfolio. This appointment follows the restructuring of Bharti Airtel's enterprise arm last year.
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Bharti Airtel at life high as SC takes up AGR case petition; Bernstein raises price target
Money Control
·
10m ago
Medial
Shares of Bharti Airtel rose almost 3% as the Supreme Court reviewed the curative petitions filed by Bharti Airtel and Vodafone Idea in the Adjusted Gross Revenue (AGR) case. Brokerage firm Bernstein raised its price target for Bharti Airtel by 9% to Rs 1,740, citing expected relief measures and strong growth prospects. They also noted a favourable market structure for the telecom industry, driven by consolidation, with Bharti Airtel and Jio gaining market share. UBS Securities also increased its price target for Bharti Airtel to Rs 1,595.
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Airtel's data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Livemint
·
11m ago
Medial
Bharti Airtel has stated that it will not merge its data centre business, Nxtra, with Indus Towers. The telecom operator prefers to keep the assets unbundled for flexibility. Bharti Airtel is the largest shareholder in Indus Towers and had previously expressed plans to dilute its holdings in Nxtra. However, Airtel's top executives have indicated that merging the assets is not currently a direction they are pursuing. Data centres are seen as a long-term investment for Airtel, with the company planning to spend around INR 5,000 crore on them in the coming years.
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Singtel sells Bharti Airtel stake worth Rs 5,849 crore to Rajiv Jain's GQG; shares flat
Money Control
·
1y ago
Medial
Singapore telecom operator Singtel has sold a 0.8% equity stake in Bharti Airtel to investment firm GQG Partners for INR 5,849 crore ($782 million). Shares of Bharti Airtel traded flat after the block deal, with around 4.9 crore shares changing hands. Chairman Sunil Bharti Mittal previously stated that he wants the average revenue per user (ARPU) of Bharti Airtel to reach INR 300, as the company reported a net profit of INR 2,442.2 crore for Q3FY24, up 54% year on year.
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Dialog Axiata to buy Bharti Airtel's telecom operations in Sri Lanka
VCCircle
·
1y ago
Medial
Telecom operator Dialog Axiata has agreed to acquire Bharti Airtel's telecom operations in Sri Lanka. As part of the deal, Dialog Axiata will issue Bharti Airtel a 10.4% stake in its company, while acquiring full ownership of Airtel Lanka. The agreement is subject to approval from Dialog Axiata's shareholders and the Colombo Stock Exchange. Airtel Lanka contributed only 0.2% of Bharti Airtel's consolidated turnover in the previous fiscal year.
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After BT, Bharti may consider more opportunities in Europe: Mittal
Livemint
·
11m ago
Medial
Bharti Enterprises, an Indian business group, has bought a 24.5% stake in BT Group, signaling their readiness to enter the global stage. Bharti Televentures UK, a subsidiary of Bharti Enterprises, will acquire the equity from Altice UK. The move comes as the Indian government encourages companies to expand internationally. Bharti group had previously held a 21% stake in Bharti Airtel, while BT held a 35% stake in the Indian telecom company. With this acquisition, Bharti Enterprises becomes BT's largest shareholder. The group is now looking for more investment opportunities in the European telecom market.
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Airtel Digital CEO Adarsh Nair Resigns
Inshorts
·
1y ago
Medial
Adarsh Nair, the CEO of Airtel Digital, has resigned after a five-year tenure with the company. Airtel Digital is the digital services division of Bharti Airtel. Nair was also the chief product officer at the telecom operator. His resignation has been accepted, and he will be relieved from his duties on February 15, 2024. As per his LinkedIn profile, Nair has played a significant role in scaling various digital services, including the Wynk Music app and Airtel's fintech app.
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Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract: Report
Money Control
·
9m ago
Medial
Finnish company Nokia is reportedly in discussions with Bharti Airtel, an Indian mobile operator, regarding a multi-billion dollar contract to provide 5G equipment. This comes after Ericsson was awarded a similar contract by Bharti Airtel. India is the second-largest smartphone market globally, prompting telecom companies to invest heavily in 5G network upgrades. However, orders from India slowed down significantly this year. The potential deal with Airtel would involve Nokia's latest AirScale mobile radios, which support network upgrades to 5G-Advanced and reduce energy costs. Other vendors, such as Samsung, are also in talks with Airtel.
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Bharti Airtel in talks with Vodafone for majority stake in Indus Towers: Report
Livemint
·
1y ago
Medial
Bharti Airtel is reportedly in talks to acquire an additional 3% stake in Indus Towers from Vodafone, which would give Airtel a controlling 52% stake in India's largest mobile tower installation company. This comes after Vodafone recently sold 18% equity in Indus Towers for approximately INR 15,300 crore. Airtel also plans to merge its data center business, Nxtra, with Indus Towers. The proceeds from the deal would help Vodafone pay off its outstanding dues of nearly INR 5,400 crore.
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ONDC’s CBO Shireesh Joshi quits after 3.5-year innings
Economic Times
·
4m ago
Medial
Shireesh Joshi, the Chief Business Officer of the Open Network for Digital Commerce (ONDC), resigned after over three years, during which ONDC demonstrated its successful concept. Joshi, also the founder CEO of Priism Consulting, had previous stints at Bharti Airtel, PepsiCo International, and Procter & Gamble. ONDC reported 188 million cumulative transactions since its inception, aiming for over 200 million by the month-end. The organization’s wage bill for FY 2023-24 was Rs. 44.22 crores.
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Airtel scouts for potential acquisitions in B2B space; eyes deep strategic alliances with top companies
Money Control
·
1y ago
Medial
Bharti Airtel is seeking potential acquisitions in the B2B sector to expand its enterprise business. The company aims to establish deep strategic alliances with top firms, akin to its recent partnership with Google Cloud. Airtel Business witnessed a 14.1% YoY revenue growth in Q1, driven by adjacencies in the large B2B market. Gopal Vittal, Managing Director, revealed that the company is exploring opportunities to strengthen its portfolio and further tap into the growing SME segment. Airtel also mentioned operating private 5G networks and stated that its fixed wireless access service will complement its fiber broadband offerings.
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