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News on Medial
OneWeb Ready Operationally, Awaiting Govt Nod: Sunil Mittal
Inc42
·
12m ago
Medial
Sunil Mittal announced that his company is ready to launch satellite broadband services in India. He also stated that they have approached the government to expedite the approval process for the satcom operator. This announcement follows Apple's satcom partner, Globalstar, revealing their plans to apply for a license to offer satcom services in India.
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Bharti-backed Eutelsat Group lists on London Stock Exchange
Livemint
·
1y ago
Medial
Bharti Enterprises-backed Eutelsat Group has listed its shares on the London Stock Exchange (LSE). This move comes after the completion of the merger between Eutelsat Communications and OneWeb, in which Bharti Enterprises has a stake. The newly-formed Eutelsat Group, with OneWeb holding a 50% stake, will be listed on the LSE. Bharti Enterprises will be the largest shareholder in the entity, with Sunil Bharti Mittal serving as co-chairperson. The combined entity offers satellite services through a combination of geostationary earth orbit (GEO) and low-Earth orbit (LEO) satellites.
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Elon Musk's Starlink to store Indian data locally: Govt
Economic Times
·
1d ago
Medial
Elon Musk's Starlink has been mandated by the Indian government to store network data and user traffic locally within India. The company, set to provide satellite-based internet, will not route Indian data through foreign servers or gateways. Starlink, along with other satellite communication providers, is expected to significantly contribute to the Indian satcom sector's growth and generate employment. Awaiting spectrum acquisition, Starlink joins Eutelsat OneWeb and Reliance Jio-SES in India's expanding satcom market.
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Reliance, Haier, Asia Healthcare, Fortum, Zepto, and Cars24 in news
VCCircle
·
3m ago
Medial
Reliance Industries Ltd, led by billionaire Mukesh Ambani, is vying for a substantial stake in the Indian arm of China's Haier against Bharti Group, led by Sunil Mittal. Haier Appliances India is considering selling a stake between 25% and 51%.
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Sunil Mittal and Warburg Pincus in talks for $2 bn stake in Haier India: Report - BusinessToday
Business Today
·
2m ago
Medial
Sunil Mittal and Warburg Pincus are in talks to acquire a 49% stake in Haier India, valued at $2 billion. This reflects growing interest in India's home appliance market, driven by rising incomes and urbanization. The deal includes a 49% stake for Mittal-Warburg Pincus and a 49% retention by Haier's parent company, with 2% for employees, ensuring joint control in strategic decisions. An official announcement is expected soon.
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Sunil Mittal sees India on a strong economic path amid global uncertainties, trade tensions
Economic Times
·
21d ago
Medial
Sunil Mittal, chairman of Bharti Airtel, expressed confidence in India's economic stability despite global uncertainties caused by trade tensions and conflicts. Mittal highlighted India's robust policy measures, political stability, and a favorable investment climate as key drivers of growth. He noted India's consistent GDP growth of 6.5% and the rapid expansion of its digital economy, supported by Airtel's contributions in fostering digital innovation and fulfilling spectrum obligations. This positions India on a strong economic trajectory.
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UK deal will set roadmap for talks with EU, but US a different ballgame: Sunil Bharti Mittal
Economic Times
·
15d ago
Medial
The article discusses an impending trade agreement between India and the UK. Sunil Bharti Mittal, chairman of Bharti Enterprises, emphasizes the opportunity the deal presents for Indian industries, as it provides market access and tariff advantages. Mittal highlights potential benefits in high-tech and SME sectors, greater investment opportunities, and strengthened Indo-UK relations. He views this deal as a strategic advancement that can guide future negotiations with entities like the EU, contrasting it with the complexities of US trade talks.
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India seeing China’s growth blitz of 2 decades ago: Mittal
Livemint
·
1y ago
Medial
Sunil Mittal, Chairman of Bharti Airtel, praised India's "China-plus-one" strategy for attracting foreign direct investment (FDI) and attention to the country. He noted the positive growth in India's economy, highlighting progress in industrial, agricultural, and financial services sectors. Mittal expressed confidence in Africa's potential for economic integration and food security, suggesting that adopting Africa for agriculture could have a significant global impact. He also emphasized the need for increased telecom tariffs in India to ensure financial viability and support ongoing investments in digital infrastructure. Mittal commended India's approach to artificial intelligence (AI) and data protection, suggesting that the country's regulations could become world standards.
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Amazon, Starlink execs caution government on spectrum pricing, regulations
YourStory
·
9m ago
Medial
Indian billionaires Mukesh Ambani and Sunil Bharti Mittal are in a battle with Elon Musk and Jeff Bezos over the pricing of air frequencies used by satellite companies. Mittal suggested that satellite companies should buy spectrum in the same way as mobile network operators if they want to target urban, affluent customers. Reliance Jio, India's leading telecom operator, opposes the government's assigning of spectrum to satellite communication companies without auction. Meanwhile, a representative from Amazon Kuiper emphasized that fair pricing would incentivize satellite companies to provide services to unconnected individuals.
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Bharti may sell life insurance unit; Captain Fresh seeks funding
VCCircle
·
1y ago
Medial
Bharti Group, led by billionaire Sunil Mittal, is reportedly in talks to sell its wholly-owned life insurance unit, Bharti AXA Life Insurance, to SBI Life and other insurers. This comes after Bharti Group announced its intention to acquire AXA Group's stake in the venture in October 2023. In other nes Captain Fresh is looking out for more funds.
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Indian govt is anti-monopolies, it's good for Indians: Anupam
Twitter
·
1y ago
Medial
Shaadi.com Founder Anupam Mittal said the Indian government's anti-monopoly stance "is a good thing for Indians". "Indian government is anti-monopolies as we have seen with the emergence of UPI, ONDC, etc," he stated. In an interview with Mint, Mittal said Google's attempts to "colonise the Indian economy" will end badly for the company.
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