Bharti Airtel

GIC has Singtel's back in Bharti Airtel rights issue
SINGAPORE (Mar 11): GIC, Singapore’s sovereign wealth fund, is making a concerted effort to help Singapore Telecommunications (Singtel), the largest government-linked company, maintain the city state’s hold on India’s Bharti Airtel, which is tapping investors for fresh funds of US$3.5 billion ($4.75 billion) so that it can continue to wage a brutal price war in the Indian mobile ...
Analysts stand ground on Singtel amid Bharti Airtel rights issue
SINGAPORE (Mar 11): Analysts are keeping their recommendations on Singapore Telecommunications (Singtel) – for now – after the telco announced it is subscribing for approximately US$525 million ($713.3 million), or 15%, of Bharti Airtel’s US$3.5 billion rights issuance. The fund raising plan is aimed at cutting debt and shoring up Airtel’s balance sheet as the Indian telecom industry ...
Singtel to buy US$525 mil worth of stock in India's Bharti Airtel
(Mar 7): Singapore Telecommunications (Singtel) said it will buy roughly US$525 million ($712.4 million) worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise US$4.6 billion through new shares and bonds. The fund raising plan, announced last month, is aimed at cutting debt and shoring up Bharti Airtel's balance sheet as the Indian telecom industry reels from the ...
Singtel 3Q net profit falls 14% hurt by regional associates
SINGAPORE (Feb 14): Singapore Telecommunications on Thursday reported a 14% drop in third-quarter net profit, due partly to intense competition in India and the impact of network investments by regional associates, and forecast a small decline in full-year earnings. Singtel, Southeast Asia's largest telecom operator, posted net profit of $823 million for the three months ended in December, ...
Why Singtel is CGS-CIMB preferred telco pick
SINGAPORE (June 18): CGS-CIMB Securities is maintaining its “add” call on Singtel with a target price of $3.90. Singtel is also the research house’s preferred Singapore telco pick. This came on the back of the group hosting its annual Investor Day on June 13. During the event, the group highlighted that Telkomsel plans to reduce data quota by betweenn 1GB and 3GB for new SIM cards and ...
Bharti unit to merge with Indus, creating US$14.6 bil firm
MUMBAI (Apr 25): Bharti Airtel agreed to merge a unit with closely held Indus Towers in a deal that creates a US$14.6 billion ($19.4 billion) telecom tower operator that would be the largest outside China. The combination with Bharti Infratel creates an entity controlling more than 163,000 towers across India, Airtel said in a statement Wednesday. Infratel said it agreed to pay 1,565 of its ...
Singtel to see growth moderation from regional mobile associates: UOB
SINGAPORE (Apr 16): UOB Kay Hian is maintaining its “buy” call on Singapore Telecommunications (Singtel) with a target price of $4.35. Singtel has been the least affected by the entrance of Singapore’s fourth mobile operator, TPG Telecom, as overseas business accounts for about 70% of its bottom line. However, in Indonesia, 35%-owned Telkomsel’s revenue from legacy voice and SMS ...
Why investors should 'buy' Singtel in spite of rising competitive risks: RHB
SINGAPORE (Mar 15): RHB is reiterating its “buy” call on Singtel given its underperformance over the past year following its selldown. RHB has also updated the target price to $4.10 to reflect a higher effective stake in Bharti Airtel. The rerating comes after Singtel’s recent completion of its purchase of an additional 1.7% stake in Bharti Telecom for $539.4 million, which ...
Merger with Tata unit can only benefit Singtel’s Bharti Airtel
SINGAPORE (Oct 16): UOB KayHian is maintaining its “buy” on Singapore Telecommunications (SingTel) with a target price of $4.53 given 14.8% owned Bharti Airtel will gain 44 million mobile subscribers and addition spectrum from its merger with Tata Teleservices’ consumer mobile business. Bharti Airtel announced on Friday it has agreed to merge with Tata Teleservices’ CMB. Tata ...
India’s Tata to merge consumer mobile businesses under Bharti Airtel
SINGAPORE (Oct 13): Indian conglomerate Tata has agreed to combine its Consumer Mobile Businesses (Tata CMB) with Bharti Airtel, which is 14.8% owned by Singapore Telecommunications (SingTel).   The merger, which is being done on a debt-free cash-free basis, will see over 40 million of Tata CMB’s customers as well as its assets and operations across the country in 19 circles, transfer ...