|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||330.30 - 338.10|
|52 Week Range||277.00 - 508.20|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||219.92|
|Forward Dividend & Yield||5.00 (1.48%)|
|1y Target Est||389.77|
Kenya's biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO's expectations, he said on Thursday. Started 11 years ago as a service to allow Kenyans without access to the banking network to transfer money via mobile phones, M-Pesa now offers loans and savings in conjunction with local banks, as well as merchant payments services. Safaricom, part-owned by South Africa's Vodacom and Britain's Vodafone, launched the new overdraft feature called Fuliza on Jan. 7 this year.
India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday. London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered in 2015, the sources said. Airtel, currently Kenya's second-biggest telecoms operator, declined to comment.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01142019.pdf If you would like to receive this newsletter via email, please register at: http://financial-risk-solutions.thomsonreuters.info/india-morning FACTORS TO WATCH 12:00 pm: Government to release December wholesale price inflation data in New Delhi. 5:30 pm: Government to release December consumer price inflation data in New Delhi. To join the conversation, click on the link: https://refini.tv/2P8N0Wp INDIA TOP NEWS • India's industrial output growth nosedives in November India's industrial output slumped to 0.5 percent in November amid a slowdown in auto and garment manufacturing, making Prime Minister Narendra Modi's challenge to boost investment before an election in the coming months seem tougher than ever.
India's Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation's holding in the mobile phone operator to 49 percent from 40 percent, the president's office said on Friday. The announcement followed talks in Dar es Salaam between President John Magufuli and Bharti Airtel Chairman Sunil Mittal to resolve a dispute over ownership of the Tanzanian mobile operator. "We have in principle agreed to move forward with a new arrangement of shareholding of 51:49 -- where Airtel will now drop from 60 percent to 51 percent and the people of Tanzania through the ownership of the government of Tanzania will own 49 percent," Mittal said.
(Reuters) - Indian telecom stocks such as Vodafone Idea Ltd lost ground on Thursday after the industry regulator released monthly data that showed a bleak rise in the country's mobile phone customer base. ...
Kenyan telecom operator Airtel, a unit of India's Bharti Airtel, slightly increased its mobile subscription market share in the third quarter, while rival Safaricom's fell, an official report showed on Tuesday. Overall mobile subscriptions in the East African country grew by 2.3 percent to 46.6 million subscribers in the period, driven by some subscribers acquiring extra SIM cards, the report by the Communications Authority of Kenyan (CAK) said. Airtel's subscriber market share gained nearly a percentage point to 22.3 percent in the third quarter, which the report said was due to its cheaper tariff plans, while Safaricom's fell by slightly over a percentage point to 64.2 percent.
(Reuters) - Indian shares eked out a slightly positive finish on Friday, with the NSE closing above 10,800 points for the first time in 10 days, buoyed by gains in energy, IT and telecom sectors. The broader ...
Moody's Investors Service says Singapore Telecommunications Limited's (Singtel, A1 stable) results for H1 FY2018-19 -- which ended September 2018 -- can be accommodated in its A1 senior unsecured rating and stable outlook. Group operating revenues for H1 FY2018-19 were stable at SGD8.4 billion, and were impacted by negative currency movements.
Moody's Investors Service ("Moody's") has placed on review for downgrade the Baa3 issuer and senior unsecured rating of Bharti Airtel Ltd. (Bharti) and the ratings on the backed senior unsecured notes issued by Bharti's wholly owned subsidiary, Bharti Airtel International (Netherlands) B.V. The review also reflects the company's low levels of profitability, particularly from its core Indian mobile operations, negative free cash flow and higher debt levels to fund capital spending. "Because we believe a more rational competitive environment in India's telecommunications market is unlikely over the next 12-18 months, the review also reflects uncertainty as to whether the company's profitability, cash flow situation and debt levels can improve sustainably and materially over the same period," adds DiChiara, also Moody's lead analyst for Bharti.
(Reuters) - Airtel Africa Ltd, a subsidiary of India's Bharti Airtel Ltd, on Monday said preparations for its initial public offering (IPO) are on track. "The new board is in place with new investors' ...
It plans to seek an enterprise value of about $8 billion for the Africa business, the people said, asking not to be identified because the information is private. “Airtel Africa IPO preparations are proceeding as per plan and there is no change,” a representative for Bharti said in a statement Monday.
(Reuters) - India's Bharti Airtel Ltd posted a 65.4 percent fall in quarterly profit on Thursday, as it faces pricing pressure amid aggressive competition in the country's telecom sector. India's telecom ...
Airtel Africa Ltd, a subsidiary of India's Bharti Airtel Ltd, said on Wednesday it raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd. The fundraising, through a primary equity issuance, now values the telecommunications company at $4.4 billion and will be used to reduce existing debt of about $5 billion and grow its Africa operations, Airtel Africa said.
India's biggest mobile carrier Bharti Airtel Ltd has chosen UBS, JP Morgan and Citi to coordinate the London initial public offering of its Africa business, two sources familiar with the matter said. In February Bharti Airtel Ltd said the holding company for its Africa operations was looking at a potential IPO. The appointment of banks for a London listing is a sign the process is progressing.
Last year, India's telecoms regulator cut interconnect usage charges - the fees that mobile operators pay each other for calls from one network to another - impacting revenues of operators including Airtel. The firm's revenue from mobile services in India fell 18.8 percent to 104.80 billion rupees, while overall revenue fell about 9 percent to 200.80 billion rupees.
After Bharti Airtel Limited’s (NSE:BHARTIARTL) earnings announcement in March 2018, the consensus outlook from analysts appear highly confident, with earnings expected to grow by a high double-digit of 63.53% inRead More...
The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading operator Safaricom, industry and government sources said on Monday. Sources said in April that Airtel and Telkom Kenya were planning to merge to create a stronger challenger to Safaricom, which has 72 percent of subscribers, or around 30 million subscriptions. "Airtel developed cold feet," said an industry source who declined to be named.
Moody's Investors Service says Singapore Telecommunications Limited's (Singtel, A1 stable) high dividend payout for the fiscal year ended March 2018 (FY2017-18) can be accommodated in its A1 senior unsecured rating and stable outlook. Group operating revenues for FY2017-18 increased by 4.9% year-on-year reflecting mainly the growth in mobile and fixed broadband customers in Australia and contributions from the Group's digital businesses.
Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the matter, in a bid to safeguard its investment grade ratings. India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa, the person said, asking not to be identified as the information isn’t public. The parent will also look to sell part of its stake in the $14.6 billion tower giant after Bharti Infratel Ltd. merges with Indus Towers Ltd.
Bharti Airtel Limited’s (NSEI:BHARTIARTL) most recent return on equity was a substandard 2.79% relative to its industry performance of 13.02% over the past year. Though BHARTIARTL’s recent performance is underwhelming,Read More...
Moody's Investors Service has affirmed Bharti Airtel Ltd.'s (Bharti) Baa3 issuer rating and senior unsecured debt ratings, as well as the Baa3 ratings on the senior unsecured notes issued by Bharti Airtel International (Netherlands) B.V., which are irrevocably and unconditionally guaranteed by Bharti. "The affirmation of Bharti's Baa3 rating and negative outlook recognizes that the company's leverage metrics remain elevated as profitability continues to be under pressure," says Annalisa Di Chiara, a Moody's Vice President and Senior Credit Officer.
BENGALURU/MUMBAI, April 25 (Reuters) - India's Bharti Infratel Ltd has agreed to merge with Indus Towers, in a deal that creates the world's No. 2 telecom tower company with an estimated equity value of $14.6 billion. Seeking to capitalise on rapid growth in smartphone usage in the country, the transaction, which values Indus Towers at roughly $10 billion, will create an infrastructure giant with more than 163,000 towers, lagging only China Tower.