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(Reuters) - Bharti Airtel Ltd posted a nearly 72 percent fall in quarterly profit on Thursday, its 11th straight profit decline on a year-on-year basis, as the telecoms bellwether suffered from continuing ...
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.
(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' ...
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.