Bharti Airtel, India’s largest telecom operator will sell 5 percent stake to Doha-based Qatar Foundation Endowment for $1.26 billion (~Rs. 6,800 crore) by issuing 199,870,006 new shares at a price of Rs. 340 apiece, according to a recent report from Economic Times. Bharti reported its 13th successive drop in quarterly profits yesterday, with a near 50 percent fall in profits compared with a year earlier. This move would ease the debt burden on Airtel. Continue reading “Qatar Foundation buys 5% stake in Bharti Airtel for $1.26 billion”
Tag: Bharti Airtel
Bharti Airtel awarded for best delivery of network services with customer focus in 2011
Bharti Airtel has been awarded with Telecom Centre of Excellence (TCOE) Award for delivery of network services with customer focus for the year 2011. This award is based on Network Quality of service KPIs, Network Coverage, Product Innovation and Network Bench-marking processes based on network parameters and customer voice. Airtel offers 2G services in 23 circles and 3G services in 13 circles across India. Continue reading “Bharti Airtel awarded for best delivery of network services with customer focus in 2011”