Bharti Airtel mulls sales, mergers in Africa to cut debt

Monday 23 January 2017 | 09:53 CET | News
Bharti Airtel is investigating the sale or merger of some of its African interests in an attempt to cut a USD 12 billion debt pile and make its biggest overseas acquisition profitable, chairman Sunil Bharti Mittal told BloombergQuint. The moves could be completed within a year, Mittal said. Some of Airtel's businesses in fifteen African nations would be affected, he said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Airtel / Bharti Airtel / Infratel / Telenor
Countries: Africa
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Airtel sells 3.6% stake in Infratel tower unit for INR 26 bln

Published 09 Aug 2017 07:55 CET | India
Indian operator Bharti Airtel has divested a 3.6 percent stake in its towers arm Bharti Infratel for INR 26 billion. Bharti ...

Bharti Infratel quarterly profit down 12%, revenue up 10%

Published 25 Jul 2017 13:17 CET | India
Indian towers operator Bharti Infratel reported revenues for its fiscal first quarter ended 30 June 2017 up 10 percent ...

Airtel sells 10% stake in Infratel to KKR, CPPIB

Published 28 Mar 2017 13:21 CET | India
Bharti Airtel announced it has sold a 10.3 percent stake in its towers arm Infratel to investors KKR and the Canada Pension Plan ...

Telenor explores share swap with Aircel, Reliance - report

Published 31 Jan 2017 13:59 CET | India
Telenor has approached Aircel and Reliance Communication to explore a merger via a share swap, according to an article on the ...

Airtel denies that it will leave Africa after strong Q3

Published 30 Jan 2017 13:49 CET | Africa
Airtel has denied media reports of its possible exit from Africa. The organisation has reaffirmed that it remains committed to ...

Airtel Kenya denies exit reports

Published 30 Jan 2017 09:39 CET | Kenya
Airtel Kenya is not among the African units of the parent Bharti Airtel earmarked for sale this year, MD Adil El Youssefi has ...

Airtel Ghana denies report that it will shut down activities

Published 30 Jan 2017 09:30 CET | Ghana
Airtel Ghana has denied a rumour that a decision has been taken by its owners to shut down its activities in Ghana, Pulse ...

Bharti Airtel sales drop as competition bites in India

Published 26 Jan 2017 11:38 CET | India
Bharti Airtel reported revenues for its fiscal third quarter down 3.0 percent year-on-year to INR 233.36 billion, hurt by the ...

Bharti Airtel, Tigo enter merger talks in Ghana - report

Published 23 Jan 2017 14:07 CET | Ghana
Bharti Airtel is in talks to merge its operations in Ghana with Millicom International, the Economic Times reported, citing ...

Reliance Jio plans INR 300 bln rights issue to grow further

Published 17 Jan 2017 14:59 CET | India
Reliance Jio Infocomm, the newest mobile operator in India, ended 2016 with a total 72.4 million subscribers. The company started ...

Vodafone India seeks merger to protect from price war

Published 10 Jan 2017 15:54 CET | India
Vodafone India is looking at a possible merger with one of the top four Indian operators Jio or Idea as the company wants to ...

Airtel Africa names Sethi as CCO

Published 05 Jan 2017 09:03 CET | Africa
Airtel has announced the appointment of Rajeev Sethi as the Chief Commercial Officer for its African operations. Sethi will ...

Idea Cellular leads growth in Indian market in November

Published 02 Jan 2017 14:22 CET | India
India added another 10.18 million new GSM mobile subscribers in November, for a total 801.81 million, according to the latest ...

Telenor refuses to comment on Bharti Airtel deal report

Published 02 Jan 2017 13:02 CET | India
Telenor has declined to comment on a report tweeted by the Economic Times of India that Bharti Airtel is considering buying ...

Bharti Airtel promotes Mandava to Airtel Africa head

Published 08 Dec 2016 09:11 CET | Africa
Bharti Airtel has announced top-level leadership changes in its global operations, promoting Raghunath Mandava to the position of ...

Zain pays Airtel USD 129 mln over Africa sale

Published 03 Nov 2016 11:14 CET | Africa
Middle East operator Zain said it will pay USD 129 million to Bharti Airtel in a settlement related to the sale of Zain's Africa ...

Airtel grows quarterly EBITDA 15% on mobile data surge

Published 26 Oct 2016 12:55 CET | India
Bharti Airtel reported revenues for its fiscal second quarter to September up 3.4 percent year-on-year to INR 246.52 billion. ...