Sunil Bharti Mittal’s Airtel Money, a digital financial services platform operating across 13 African markets, has announced its plan to list on the London Stock Exchange (LSE).Sources said the company could raise about $800 million from an initial public offering (IPO) and is targeting a valuation of $8 billion to $9 billion – possibly making … Read more
Bharti Group-backed OneWeb vs Jio’s satellite services: A senior executive from Reliance Jio has cautioned that OneWeb, backed by the Bharti Group, should not underestimate the competition posed by Jio’s satellite services. Jio has already established a gateway and demonstrated a 1 Gbps broadband connectivity, a feat that might not be easily matched by competitors … Read more
British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. When contacted, Vodafone refused to comment on the matter. Vodafone currently holds about 28 per cent in Indus Towers. The industry sources said that Vodafone is in talks to sell its … Read more
The Company is buying 25% into Lavelle Networks Private Limited (LNPL). Key points to note – Investment amount is not disclosed. LNPL’s scale and financials are not disclosed. Reason for not disclosing – confidentiality. Rationale for investment: LNPL founded in 2015 is claimed to be a front runner in Software Defined Wide Area Networks (SD … Read more
Airtel continues to consolidate and strengthen it’s financial position. Company is holding board meeting on January 28, 2022 to consider a preferential issue of the equity shares. Currently, Airtel’s shareholders include – Mittal family 24.13%, SingTel 31.72% and balance by public. Rumours are that a strategic global investor would be investing into the Company. Last … Read more
Hughes Communications India Pvt Ltd, (HCIPL), a majority-owned subsidiary of Hughes Network Systems, LLCÂ (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, and Bharti Airtel Limited (“Airtel”), India’s premier communications solution provider, today announced the formation of a joint venture to provide satellite broadband services in India. Operational as HCIPL, the … Read more
The paid amount relates to the deferred liabilities for the spectrum acquired in the 2014 auction. Key points to note – The company had acquired 128.4 MHz spectrum (including Telenor spectrum) for a consideration of Rs 19,051 crores in the 2014 auction, of which Rs 5,597 crore was given upfront. Balance amount was due in … Read more
Nivruti Rai, country head of Intel India, says the company has piloted a project in India called WoW, or Wireless over Wire, that takes internet through electricity wires. Given that most villages have electricity connections, this could be a big breakthrough in making the internet available to remote areas if the technology is proved viable. … Read more
All indications seem to be suggesting this. Jio recently decided to follow Airtel and Vodafone-Idea in raising the tariffs. Industry was not sure whether this would happen, as Jio may want to continue going aggressive in attracting customers from the competitors. Whereas Sunil Mittal (Airtel) has been calling for peace, for the first time Mukesh … Read more