Bharti Airtel Services to Acquire 97.1 Percent Stake in Beetel Teletech

Bharti Airtel Services to acquire majority stake in Beetel Teletech, a fellow Bharti Group company, for Rs 669 crore. This move bolsters Airtel's Make in India initiatives and strengthens its distribution and service capabilities.

Highlights

  • Joint venture manufacturing facilities add production capacity for telecom and networking products
  • Bharti Group companies hold a significant 97.1 percent stake in Beetel.
  • Beetel's distribution network and service capabilities enhance Airtel's enterprise business.

Follow Us

Bharti Airtel Services to Acquire 97.1 Percent Stake in Beetel Teletech
Bharti Airtel Services, a subsidiary of Bharti Airtel Limited, has finalised an agreement to acquire a 97.1 percent stake in Beetel Teletech Limited, a fellow Bharti Group company. The acquisition, valued at Rs 669 crore, is part of a broader group restructuring initiative.

Also Read: Airtel Increases Stake in SD-WAN Startup Lavelle Networks to 45.6 Percent




Group Restructuring

"We wish to inform you that as a part of group restructuring, Bharti Airtel Services Limited, a wholly-owned subsidiary company of Bharti Airtel Limited has entered into an agreement for acquisition of 49,45,239 equity shares representing 97.1 percent stake in another Bharti Group company, Beetel Teletech Limited, which also has 49 percent stake in Joint Venture having two manufacturing facilities which produce telecom and networking products including those qualifying for Production Linked Incentive (PLI) Scheme," Airtel said in an exchange filing on Monday.

Diverse Portfolio

Beetel Teletech operates in the distribution of IT peripherals, network and enterprise solutions, fixed landlines, mobile accessories, etc. along with providing design and delivery of related technical services. The company also holds a substantial 49 percent stake in a joint venture that manufactures landlines, telecom, and networking products, including those eligible for the Production Linked Incentive (PLI) Scheme.

Bharti Group companies namely Bharti Enterprises (Holding) Private Limited, Bharti (RM) Holdings Private Limited, Bharti (RBM) Holdings Private Limited and Bharti (LM) Enterprises Private Limited hold 97.1 percent stake in Beetel.

Airtel in its exchange filing said that the acquisition aligns with the company's strategy to enable indigenization initiatives within its own ecosystem of telecom products in line with the Government's policy of 'Make In India'; and add distribution and service capabilities (including system integration) largely for the Company's enterprise business.

Beetel Teletech Technical Expertise

Beetel Teletech, established in 1999, boasts in-house technical expertise, global OEM relationships, and an extensive network of channel partners. The company is engaged in designing and delivering technical solutions and services and distributing a wide range of products from IT peripherals, network and enterprise solutions to fixed landlines and mobile accessories. Beetel distributes a host of leading brands including Avaya, HP/Poly, Samsung, Siemens, QSC, RADWIN, Ruckus, RAD, ADVA, and Actelis.

Also Read: Bharti Airtel Yearly Prepaid Plans for New Year 2024 Analysed

Manufacturing Facilities

Beetel also holds 49 percent stake in a Joint Venture which has two facilities for manufacturing of landlines, telecom and networking products including products that are manufactured in compliance with the 'Production Linked Incentive (PLI) Scheme to Promote Telecom and Networking Products Manufacturing in India' notified by the Ministry of Communications.

With this acquisition, Bharti Airtel aims to strengthen its position in the market and further its commitment to supporting domestic manufacturing in the telecom and networking sectors.

Reported By

From Arts and Journalism background, Yashika closely monitors developments and updates in OTT Space.

Recent Comments

TheAndroidFreak :

I have no idea. Qualcomm has became arrogant due to monopolistic nature of segment.

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

Faraz :

" for indigenous tribals in these areas " Feels like BSNL infra so weak, they are focusing only in less…

BSNL’s 4G Towers Nearing Launch in Adilabad, Telangana: Report

Faraz :

Why is it 2+6 config this time in Snapdragon :-( 1+3+4 or 1+3+2+2 was better configuration. I am starting to…

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

SCKPA :

Yes. Not only in Barrackpore area, in some parts of Kanchrapara also getting BSNL 4G but in which location I…

BSNL Officials Assure MPs that Services Will Improve in 6…

TheAndroidFreak :

Brace yourselves. See the temperatures. Lol

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments