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Tag: telecom
Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt
2020-05-27 06:23:00| Telecompaper Headlines
(Telecompaper) Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said.
Tags: fully
debt
telecom
sells
Ethio Telecom selling 45% stake as Ethiopias telecoms market opens up
2020-05-27 02:00:00| Total Telecom industry news
Ethiopia’s telecoms market has long been notable for being one of the last remaining telecoms monopolies in the world, with connectivity provided exclusively by government owned Ethio Telecom. In the last year, the government has decided that now is the time to liberalise the market…read more on TotalTele.com »
Bharti Telecom selling 2.75% stake for $1bn
2020-05-26 02:00:00| Total Telecom industry news
Bharti Telecom, the parent company of Bharti Airtel, has announced a $1 billion stake sale to help alleviate its debt. This sale amounts to around 2.75% equity in the company, leaving Bharti Group and SingTel still as majority stakeholders with 56…read more on TotalTele.com »
Tags: selling
telecom
stake
bharti
Govt backs Manx Telecom for 10m for Isle of Man broadband
2020-05-20 02:00:00| Total Telecom industry news
Currently, the Isle of Man has only around 25% fibre penetration, but this could be about to change with a new £10 million contract being awarded to Manx Telecom today by the local government. …read more on TotalTele.com »
Tags: man
telecom
broadband
isle
Govt backs Manx Telecom 10m for Isle of Man broadband
2020-05-20 02:00:00| Total Telecom industry news
Currently, the Isle of Man has only around 25% fibre penetration, but this could be about to change with a new £10 million contract being awarded to Manx Telecom today by the local government. …read more on TotalTele.com »
Tags: man
telecom
broadband
isle
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