Bharti Telecom plans to raise ₹7,000 cr via bonds; Airtel shares down 2%
The telecom company is looking to raise the fund through shorter-tenor bonds in three tranches and has invited bids from investors on November 18.
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Singtel offloads 1.5% stake in Airtel for ₹7,262 cr
Airtel shares were down 0.6%; stake sale decision by Singtel is part of its plan to raise over S$2 billion to meet needs for 5G and expansion initiatives.
Sunil Mittal: Riding The Waves
India's mobility king is tapping satellite-based communication to grow his riches.
Bharti Airtel stock jump 3% on Singtel stake sale
Singtel has sold a 1.76% stake in Bharti Airtel for an aggregate amount of ₹6,399 crore, which was mostly acquired by Bharti Telecom, a promoter entity of the Indian telco.
Bharti Telecom to buy 3.3% stake in Airtel from Singtel for ₹12,895 cr
The stake buy strengthens the Bharti family's shareholding in Airtel; now the direct shareholding of Singtel and the Bharti family in Airtel will stand at 10% and 6%, respectively
‘Core investment’: Singtel junks reports of stake sale in Bharti Airtel
Singapore-based telecom major says its underlying net profit improved 11% to S$1.92 billion last year, which was “mainly lifted by Airtel’s resilient turnaround”.
Concerns over 5G loom large over IMC
The India Mobile Congress saw the focus shift to the debate on 5G technology and the inherent resilience of Indian telecom industry to withstand the onslaught from the pandemic.
SC refuses AGR relief to telcos, again
Telecom companies need to pay up their dues by March 17; Vodafone Idea’s fate hangs in the balance.
Despite loss, Airtel Q3 earnings look good
The Delhi-based telco showed significant improvement across operating metrics helped by the addition of high-value customers and tariff hikes.
Decoding YES Bank’s fast-rising share price
The private lender’s 106% recovery in share price from its 52-week low in early October could be a value trap for investors.
