New Delhi: Bharti Enterprises plans to acquire a 24.5% stake in UK’s BT Group for around $4 billion from the British firm’s largest investor Altice UK, marking the Sunil Mittal-led company’s second major international foray after venturing into Africa in 2010. This will make it the largest shareholder in BT, formerly British Telecom. In a … Read more
A meeting with Prime Minister Narendra Modi in September 2018 was the turning point in the life cycle of Bharti Airtel, which on May 27 crossed $100 billion in market capitalisation. Speaking to Romit Guha and Kiran Rathee, Sunil Bharti Mittal, chairman of Bharti Enterprises, the parent of Bharti Airtel, said the telco was an … Read more
Eutelsat OneWeb vs Reliance Jio vs Starlink: Bharti-backed Eutelsat OneWeb is positioning itself to lead the race in providing satellite broadband services in India, surpassing competitors like Elon Musk’s Starlink and Mukesh Ambani’s Reliance Jio. This will make it the first global satellite biggie offering broadband-from-space services in India.The company has secured demo satellite spectrum … Read more
Bharti chairman Sunil Mittal is of the view that the Indian telecom market can certainly support four players. In an interview to ETMarkets, Mittal spoke about a range of issues related to the Indian telecom industry, Indian economy and more. Talking about rival Vodafone’s plans to raise capital, he said that he wishes them well. … Read more
The 66-year-old entrepreneur said in a statement that he was “deeply humbled” by the gracious recognition from King Charles. Bharti Enterprises Founder and Chairperson Sunil Bharti Mittal. (ANI File Photo) London: Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain’s King … Read more
Billionaire Mukesh Ambani has announced that his company Reliance Industries in partnership with Canada’s Brookfield will open a data centre in Chennai next week. Speaking at the Tamil Nadu Global Investors Meet here, Ambani, chairman and managing director of Reliance Industries Ltd, said his group is investing in renewable energy and green hydrogen as well … Read more
Indian billionaire Sunil Mittal’s Airtel Uganda Ltd. failed to sell about half of the shares on offer in its initial public offering as investors stayed away, preferring high-yield government bonds. Airtel said it managed to raise 211.4 billion shillings ($56 million) after selling 54.5% of the 8 billion shares on offer. Retail investors bought just … Read more