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Bharti Airtel Lanka (Pvt) Ltd is a subsidiary of Bharti Airtel Limited. Bharti Airtel has been featured in Forbes Asia's Fab 50 list, rated amongst the best-performing companies in the world in the BusinessWeek IT 100 list 2007, and voted as India's most innovative company in a survey by The Wall Street Journal. [citation needed]
Tata Docomo was an Indian mobile network operator, a wholly owned subsidiary of Tata Teleservices deriving its name from NTT Docomo who invested in the company in 2008. In October 2017, Bharti Airtel announced a merger deal with Tata Teleservices and the acquisition of Tata Docomo. [3]
Bharti Telecom (BTL), is a holding company of Bharti Airtel with Bharti Enterprises and SingTel owning 50.56 percent and 49.44 percent, respectively, in BTL, which in turn owns 35.80 percent of Bharti Airtel. [7] Bharti Airtel is the third largest mobile operator in the world, in subscriber base, and has a presence across 18 countries. [8] The ...
Nokia Corporation (NYSE:NOK) shares are trading higher premarket on Wednesday. The company secured a multi-year, multi-billion USD contract extension with Bharti Airtel to deploy advanced 4G and ...
On 10 April 2012, Airtel launched 4G services through dongles and modems using TD-LTE technology in Kolkata, becoming the first company in India to offer 4G services. The Kolkata launch was followed by launches in Bangalore (7 May 2012), [ 20 ] Pune (18 October 2012), [ 21 ] and Chandigarh , Mohali and Panchkula (25 March 2013). [ 22 ]
After the failed merger deal with Reliance, Aircel had considered merging with Bharti Airtel, whose chairman Sunil Mittal had stated in November 2017, that Airtel "was open to acquisition talks". As of December 2017 [update] , Aircel was under a debt of around ₹ 16,000 crore (US$1.8 billion).
[23] [24] In June 2017, Bharti Airtel received regulatory approval from CCI, SEBI and the stock exchanges. [25] The deal was approved by the National Company Law Tribunal (NCLT) in August 2017. [26] [27] On 21 September 2017, Airtel received its shareholders approval for acquisition of Telenor. [28] NCLT approved the merger in March 2018.
Post-merger, Bharti Airtel held a 36.73% stake in Indus Towers, with Vodafone Group Plc holding 28.12%, [7] and 3.1% shares held by Providence Equity. [ 4 ] Currently Indus Towers is a subsidiary of Bharati Airtel after the latter increased it's stake to 50.005% & Vodafone Group Plc exited the company