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Tag: bharti airtel

Bharti Airtel and Nokia sign pact to improve network connectivity

April 28, 2020

agreement

  • Bharti Airtel and Nokia has signed an agreement worth $1 Billion to improve the network infrastructure and connectivity within the country.
  • This agreement will prove beneficial in improving the network connectivity and providing better coverage and signal strength to users.

Bharti Airtel to raise FDI in the company to 100%

January 22, 2020

The Bharti Airtel Ltd has received the approval from the Telecom department to increase the Foreign Direct Investment (FDI) in the company to 100%. The approval will enable Bharti Airtel company to raise more funds as per its requirement.

The company also has the approval of the Reserve Bank of India (RBI) that allowed foreign investors to hold up to 74 percent stake in the company. Currently, foreign ownership in Bharti Airtel is 44.28%, after the share placement.

The approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues (excluding the dues of Telenor and Tata Teleservices).