Airtel buys 10% stake in Voicezen
The acquisition will allow Airtel to make contextual offers to customer based on real time conversations.
Bharti Telecom to sell 2.75% stake in Airtel for $1 billion
Airtel’s promoters may sell nearly 15 million shares as part of the block deal. Bharti Telecom, the promoter group of Bharti Airtel, will sell up to 2.75 per cent stake in the telco to raise around $1 billion through a block deal to become a zero-debt company. The company is reportedly selling 150 million Airtel shares at a floor price of $7.37 each. The deal is likely to be at a 6 per cent discount to the company’s stock price. [...]
Airtel unit to merge with Telkom Kenya
Bharti Airtel Ltd’s subsidiary Airtel Networks Kenya Ltd will merge with Telkom Kenya Ltd to create a new entity, Airtel-Telkom, which will invest in networks to accelerate the rollout of future technologies in the east African nation. The transaction will see both companies merging their respective mobile, enterprise, and carrier services businesses in Kenya. The deal's closure is subject to approval by the authorities. Airtel said, “The enterprise and carrier services businesses should benefit from a larger fibre footprint and [...]
Indian companies drive into global arena
From Ola’s foray into the UK to telecommunication strides, India’s outbound segment remains vibrant. Ola to enter UK After Australia, India’s biggest ride-hailing start-up Ola is headed to the UK. In its second big overseas push, Ola received licences to operate in South Wales and Greater Manchester. While the operations in South Wales will be launched within the next month, it plans nationwide expansion by the end of 2018. Bengaluru based ride-hailing firm said it will offer the passenger the [...]
India treads the long road to Africa
The African continent offers Indian companies one of the most lucrative markets for its ambitious expansionist plans. 'India Global Business' flags up a selection here. Tata Bolts South African markets Indian automobile maker Tata Motors said it has started the export of its Bolt sedan and hatchback cars to South Africa after a gap of three years in a bid to become a bigger player in the highly competitive market.This move is in line with the company’s Horizonext strategy. The [...]