Bharti Group

Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5 per cent of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil Bharti Mittal, Chair of Bharti Enterprises said Bharti has long recognised the enormous potential of the business, as the telecom stalwart expressed his delight at completion of the transaction. "We're delighted to have completed our investment into BT. Bharti has long recognised the enormous potential of the business. BT's renewed focus on optimisation, strengthening networks and driving consumer growth makes it well placed to consolidate its position as a leading global telecom company that delivers long-term value for investors," Mittal said. In August this year, Mittal's conglomerate had announced it will buy 24.5 per cent stake in BT Group for about USD 4 billion to become the single largest shareholder in Britain's biggest broadband and mobile company. Bharti Global, the ...

The acquisition, valued at Rs 1,300 crore, will be completed within nine months

He tells that his investment firm unbound will soon become a billion dollar venture

With 24.5% stake, it'll be biggest shareholder in Britain's 2nd-largest telco

The BT Group on Monday said Bharti Global's acquisition of a significant stake in the British telecom major is a "great vote of confidence" in the future of the company and its strategy. Bharti Global, the international investment arm of Bharti Enterprises, announced an agreement to acquire about 24.5 per cent in BT Group from Altice UK. Chairman Sunil Bharti Mittal described the investment in the "iconic" British company as a "significant milestone" for Bharti Enterprises. "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy," said Allison Kirkby, Chief Executive of the BT Group. "BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with th

Bharti data centre valued at Rs 10,000 cr

Bharti Group on Wednesday said it has entered into a binding agreement with its joint venture partner AXA to acquire its 49 per cent stake in Bharti AXA Life Insurance. Post transaction, Bharti Life Ventures Private Limited (BLVPL), the holding company of Bharti AXA Life Insurance Company, will own 100 per cent stake in the life insurer. Currently, France-based AXA owns 49 per cent stake in the joint venture with Bharti. The transaction is subject to receipt of requisite regulatory approvals, Bharti Group said in a statement. Pursuant to the two parties' decision to merge Bharti AXA General Insurance with ICICI Lombard in 2020, and the subsequent exit of AXA from the shareholding of ICICI Lombard, BLVPL has now entered into an agreement to acquire AXA's 49 per cent shareholding and fully own the company, it said. Bharti's intention is to ensure that the life insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financi

Bharti Group-backed Eutelsat Communications got listed on the London Stock Exchange, the company said on Friday. This will be the second stock exchange after the Euronext Paris Stock Exchange, where it is already listed. "Eutelsat Communications is pleased to announce that its entire issued share capital has today been admitted to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange (LSE) under the ticker symbol: ETL," the company said in a statement. The development follows after Eutelsat Communications completed the merger with OneWeb, creating the world's first geostationary-low earth orbit (GEO-LEO) satellite space connectivity company. "Eutelsat is among a limited number of listed equities offering exposure to the fast-growing Space Sector. Our admission to the London Stock Exchange will offer the opportunity to a wider section of investors and shareholders to participa

Merging operations with Dialog is expected to give Airtel access to a larger user base in island nation

Brookfield Asset Management says deal marks its commitment to build 'future-ready office environments' in India

Govt must frame rules for space communication

OneWeb is also in the process of getting regulatory approvals for a proposed merger with French satellite major Eutelsat Communications

Standalone architecture is a superior quality network with a lot more capabilities that can be developed

With only "two-and-a-half players" left in the highly competitive domestic telecom sector, the future of battle hardened Bharti Airtel looks good now, its Chairman Sunil Mittal said on Thursday

The latest move by the Low Earth Orbit (LEO) satellite communications company, brings its total in-orbit constellation to 428 satellites

A proposal for TCIL selling its stake and exiting the joint venture has been pending for over 15 years

Bharti group-backed OneWeb and US-based SpaceX group firm Starlink Satellite Communications are in the fray to start satellite based broadband services in India

Dixon Technologies plans to acquire a Ludhiana-based manufacturing unit of Bharti Group to start making telecom gears under the production-linked incentive scheme announced for the sector

Mittal says OneWeb would be the first private player to launch satellites from India through Isro facilities

Bharti Group backed OneWeb on Monday said it has entered an arrangement with the commercial arm of ISRO, NewSpace India Limited (NSIL), to launch its satellite in India from 2022. The arrangement has been made through a letter of intent (LOI) with NSIL, to use Indian-built PSLV (Polar Satellite Launch Vehicle) and the heavier GSLV-MkIII (Geosynchronous Satellite Launch Vehicle) as potential platforms to launch OneWeb's satellites in India from 2022, the statement said. "The non-binding letter of intent was unveiled at the launch of Indian Space Association (ISpA) in the presence of the Hon'ble Prime Minister of India Shri Narendra Modi," it said. OneWeb is amongst the founding members of ISpA, which strives to be the collective voice of space and satellite companies in India and will work with stakeholders across for the development of India's space ecosystem. The company is building its initial constellation of 648 LEO satellites and has already put 322 satellites into orbit. It