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Bharti –Buy- Angel Securities

by free stock tips on July 9, 2010

in Broker tips

Bharti Airtel will invest $600 million in Nigeria’s mobile market following its takeover of Zain Telecom’s African business for around $10.7 billion.   There exists strong growth opportunity for Bharti in the country as currently the mobile phone customers in Nigeria use only 50 minutes of airtime a month whereas 450 minutes is obtainable in [...]

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LIC increases its stake in Bharti Airtel to 5%

by free stock tips on July 7, 2010

in Stock-News

The Life Insurance Corporation of India (LIC) has disclosed on Monday that it had acquired 500,000 shares of Bharti Airtel, from the open market transaction, on June 30, 2010. The company’s acquisition of 0.013% shares took the existing stake holding of 4.998% to 5.011% shares. The addition of 500,000 shares worth Rs 13.17 crores to [...]

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Bharti Airtel joins hand with Facebook

by free stock tips Stock-News

India’s largest mobile-phone operator — Bharti Airtel — has entered into a partnership with Facebook, a social networking website to allow its 13 crore subscribers to access Facebook on their mobiles free of cost. The said offer will be available upto August 31.   Initially, Facebook’s mobile site will be available in English and Hindi, [...]

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Bharti announces closure of Zain deal

by admin Stock-News

Bharti Airtel and Kuwait’s Zain closed a $10.7 billion deal in which the Indian telecom major will buy most of the Kuwaiti firm’s African assets. In the largest ever telecom takeover by an Indian firm, Bharti Airtel had in March signed a deal with Kuwait-based Zain Telecom to buy its African business for $10.7 billion [...]

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3G auction closes; pan-India licence bid touches Rs 168.28 bn

by free stock tips Stock-News

Auction for 3G licence ended on Wednesday, with bids for pan-India licence touching Rs 168.28 billion that ensures the government a revenue of Rs 700 billion — double the amount it expected to collect. According to sources, Bharti, Idea and Vodafone Essar have won in some of the circles in the auction that lasted 34 [...]

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Bharti Airtel moves up on its plan to mop up dollar loan for Zain acquisition

by free stock tips Stock-News

Bharti Airtel, the country’s largest telecom operator by revenue, is looking to mop up $8.5 billion worth of offshore loan to fund the acquisition of Zain’s African mobile operations, as mentioned in some media reports. The scrip is currently trading at Rs 298.05 per share, up 3.30 points or 1.12% on the BSE. The stock [...]

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Bharti Airtel –Buy- Religare

by free stock tips Broker tips

Bharti Airtel (Bharti), post acquisition of Zain Africa (Zain), would compete with MTN/Vodafone, its largest rival in eight of the 15 sub-Saharan African geographies that it intends to acquire. For 9MCY09, these eight geographies contributed 79%, 74%, and 68% of Zain’s subscriber base, revenues, and EBITDA respectively. MTN – formerly one of Bharti’s potential partners [...]

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Bharti confirms $10.7 bn bid for Zain Africa assets

by free stock tips Stock-News

Bharti’s move comes after two failed attempts to agree a possible $24 billion deal with South Africa’s MTN Group. Bharti Airtel launched its third attempt to gain a foothold in Africa, entering exclusive $10.7 billion talks to buy most of Kuwaiti telecom Zain’s cellular assets in a continent that offers the last opportunity for major subscriber [...]

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Bharti Airtel –Sell- Anand Rtahi

by free stock tips Broker tips

Bharti Airtel’s consolidated revenue was 1% higher, but EBITDA/EBIT (down 5.6%/11.4% q-o-q) came in 1.6%/4.4% lower vs. our estimates. Revenue surprise would have been meaningful (approximately 2.4%), but for the prepaid ban in J&K circle (now lifted) and impact of IMEI related SIM deactivations. net income (down approx 5% q-o-q) still came in 1% higher, [...]

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Sensex ends down 268pts, Bharti drops 8%

by free stock tips Nifty

Weak global cues saw the Sensex open with a negative gap at 17,062, which turned out to be the high for the day. Sustained selling across-the-board saw the index drop to a low of 16,836 – an intra-day swing of nearly 300 points. The Sensex finally closed near the day’s low with a loss of [...]

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