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Bharti infratel

Tanay Singh Thakur March 7th, 2022 1:02 PM 0 COMMENTS

Tata Play, Bharti Telemedia Want PLI Scheme for DTH, But Will Govt Listen

Tata Play and Bharti Telemedia, two of the largest Direct-to-Home (DTH) operators in the country, have voiced their opinion for bringing a Production Linked Incentive (PLI) scheme for the DTH sector too. These companies want to manufacture more Set-Top Boxes (STBs) within the country and want the govt to introduce a PLI scheme for them too. However, the key question is, how much does the government want to bet on... Read More

Chakri K December 3rd, 2020 9:35 AM 1 COMMENTS

Airtel Increases 4.94% Stake in Bharti Infratel for Around Rs 2,882 Crore

Telecom operator Bharti Airtel has increased its stake in Bharti Infratel by around 5%, the telco confirmed via a stock exchange filing. Nettle Infrastructure Investments Ltd, which is a wholly-owned subsidiary of Bharti Airtel, raised its stake in Bharti Infratel by 4.94% for an aggregate of Rs 2,882.32 crore. This news is reported by ET Telecom. In the stock exchange filing, Bharti Airtel confirmed that Providence (a US private equity... Read More

Chakri K November 20th, 2020 9:33 AM 14 COMMENTS

Bharti Infratel-Indus Towers Merger Now Complete, Vodafone Idea Receives Rs 3,760 Crore

The much-awaited merger between Indus Towers and Bharti Infratel is now complete as National Company Law Tribunal (NCLT) approved the merger. Telecom operator Vodafone Idea (Vi) said it received around Rs 3,760.1 crore towards selling its 11.15% stake in Indus Towers. This news is confirmed by Vodafone Idea via an exchange filing late on Thursday. In September this year, it was expected that Vodafone Idea would receive around Rs 4,000... Read More

Bala Yogesh October 7th, 2020 4:59 PM 19 COMMENTS

Vodafone Idea Set to Receive Rs 4000 Crores, Indus Towers and Bharti Infratel Merger Near Completion

Vodafone Group on Monday said that it has agreed with Bharti Airtel and Vodafone India to continue with the completion of the merger between Indus Towers and Bharti Infratel. The British telecom giant said that it expects to be issued 760 million new shares post the completion of the merger translating to 28.2% stake in the combined company. It has been said that the new shares will be issued to... Read More

Bala Yogesh September 1st, 2020 5:57 PM 0 COMMENTS

Bharti Infratel Inches Ahead on Indus Tower Merger

Vodafone Idea on Tuesday said that the company along with Vodafone Group, Bharti Airtel, Indus Towers and Bharti Infratel have agreed to move ahead with completion of the merger between Indus and Infratel. The company in an exchange filing on Tuesday provided the update on the Bharti Infratel and Indus Tower merger. The development would result in Vodafone Idea selling its 11.15% stake in Indus Towers for approximately Rs 4000... Read More

Chakri K June 27th, 2020 8:52 PM 15 COMMENTS

Bharti Infratel-Indus Towers Merger Delay to Impact Vodafone Idea’s Capability to Raise Funds

Bharti Infratel's move to extend the deadline for the merger with Indus Towers by over two months till August 31 will now impact Vodafone Idea's capability to raise funds to clear a part of AGR-related dues. Currently, Vodafone Idea has just paid 13% of the total outstanding AGR dues. Bharti Infratel, in a regulatory filing, had said that its Board of Directors reviewed the status of the scheme of arrangement... Read More

Chakri K February 21st, 2020 3:05 PM 6 COMMENTS

Bharti Infratel-Indus Towers Deal Suffers Setback Yet Again

Telecom infrastructure provider Bharti Infratel is set to extend its deadline for closing the merger deal with Indus Towers for the third time, this time to April 24, 2020, pending approval from the Department of Telecommunications (DoT). The companies are still awaiting requisite Foreign Direct Investment (FDI) approval for the deal from DoT according to insiders who talked to ET Telecom. The telecom department is withholding the deal due to... Read More

Arpit Sharma July 25th, 2019 5:00 PM 0 COMMENTS

Bharti Infratel Net Profit Soars to Rs 887 Crore in June Quarter as Co-Locations Increase

Bharti Infratel, the tower company under Bharti Airtel, has seen a substantial net profit growth in the first quarter of the current fiscal year. This growth in net profit has been driven majorly by the rise in its co-locations on its telecom sites. As per the ET Telecom report on this matter, this trend for Bharti Infratel is expected to continue as the big phone companies will remain focused on... Read More

Sneha Bhardwaj June 2nd, 2019 2:05 PM 1 COMMENTS

NCLT Approves Bharti Infratel and Indus Towers Merger

The National Company Law Tribunal has approved the planned merger of tower company Bharti Infratel with Indus Towers, according to a regulatory filing. "...National Company Law Tribunal (NCLT), Chandigarh Bench, vide its order dated May 31, 2019, has sanctioned the scheme of amalgamation and arrangement between Indus Towers Ltd (Transferor Company) and Bharti Infratel Ltd (Transferee company) and their respective shareholders and creditors...," Bharti Infratel said in a BSE filing.... Read More

Chakri K April 24th, 2019 8:06 PM 0 COMMENTS

Bharti Infratel Posts Consolidated Net Profit of Rs 608 Crore During FY19

Mobile tower company Bharti Infratel on Wednesday posted a consolidated net profit of Rs 608 crore in the last quarter of 2018-19, almost flat on the year, as consolidation in the telecom sector resulting in reduced tenancies. The company had posted consolidated profit after tax of Rs 606 crore in the same period year ago. The year 2018-19 saw major consolidation in the Indian telecom industry with four operators ceasing... Read More

Sneha Bhardwaj January 23rd, 2019 7:14 PM 2 COMMENTS

Bharti Infratel Posts Consolidated Net Profit of Rs 648 Crore for December Quarter

Tower company Bharti Infratel on Wednesday posted an 11% rise in consolidated net profit at Rs 648 crore for the December quarter. The company said the consolidation phase in the Indian telecom industry along with exits of co-locations (exit of tenants from common mobile towers) is largely over. Bharti Infratel added that it remains upbeat about growth prospects fuelled by the next round of network expansion by operators, for both 4G... Read More

Sneha Bhardwaj January 23rd, 2019 6:01 PM 1 COMMENTS

Bharti Infratel and Indus Towers Seek Exit Charges Following Vodafone Idea Merger

Tower companies Bharti Infratel and Indus Towers have sought exit charges following Vodafone Idea merger that led to two tenancies on a single tower being converted into one, and negotiations are on in this regard, the newly merged telecom firm said Wednesday. Prior to the mega-merger, both entities - Vodafone and Idea - had tenancies on the same tower of various infrastructure service providers, including Indus Towers and Bharti Infratel.... Read More