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Tag: inr
Bharti Airtel calls rights issue to raise up to INR 210 billion
2021-08-30 13:10:00| Telecompaper Headlines
(Telecompaper) Indian operator Bharti Airtel announced plans for a discounted rights issue to raise up to INR 210 billion (EUR 2.4 billion) to support its business...
Tags: rights
issue
calls
raise
India completes spectrum auction, raises INR 778 billion
2021-03-03 07:23:00| Telecompaper Headlines
(Telecompaper) Indian operators Jio, Airtel, and Vodafone Idea have won spectrum in the government's latest auction...
Tags: india
auction
billion
spectrum
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
Brookfield consortium to acquire Reliance tower business for INR 252 bln
2019-07-22 09:52:00| Telecompaper Headlines
(Telecompaper) Reliance Industrial Investments and Holdings Limited (RIIHL), a subsidiary of India's Reliance Industries, has signed an agreement with BIF IV Jarvis India, an affiliate of Brookfield Asset Management for an investment by Brookfield (along with co-investors) of INR 252.15 billion in the units proposed to be issued by the Tower Infrastructure Trust. Brookfield's investment in the towers infrastructure used by mobile operator Reliance Jio remains subject to the receipt of government and regulatory approvals.
Tags: business
tower
acquire
reliance
Vodafone, Idea Cellular sell towers to ATC for INR 78.5 billion
2017-11-13 08:36:00| Telecompaper Headlines
(Telecompaper) Vodafone India and Idea Cellular have agreed to sell their tower businesses to ATC Telecom for INR 78.5 billion (USD 1.2 billion). This is part of Vodafone and Idea's planned merger.
Tags: sell
idea
billion
cellular