Bharti Airtel is taking its regional subsidiary, Airtel Africa, private.
3 reports, 3 independent
Updated Aug 4
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What happened
Bharti Airtel is taking its regional subsidiary, Airtel Africa, private.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Bharti Airtel significantly increased its stake in Airtel Africa to over 79%.1 source
Bharti Airtel plans to take Airtel Africa private.1 source
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The entities involved
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Bharti Airtel
Indian multinational telecommunications company
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- Escalating tensions drove Brent crude prices up, negatively impacting various companies in the Indian market, including HCL Technologies, Bharti Airtel, and Apollo Hospitals.
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Airtel Africa
African provider of telecommunications and mobile money services
Related events
- Bharti Airtel, headquartered in India, is extending its operations into African markets.
- Bharti Airtel is the parent firm of Airtel Payments Bank, which serves customers across India. Sunil Mittal, founder of Bharti Enterprises, chaired the bank.
- Merger talks between MTN Group and Bharti Airtel, involving customers across Africa and India, were called off in 2013.
- The board of directors approved the share issuance and transaction details for Airtel Africa, which is controlled by Bharti Airtel.
- Bharti Airtel and Cipla contributed to strong earnings growth in the Indian market, according to Motilal Oswal.