Singapore Telecommunications (SingTel) has bought an additional 1.52 per cent stake in India’s largest private telecom Bharti Airtel and will pay up to Rs 3008.4 crore in three installments ranging over 18 months.
Within a weak of the government announcing plans to auction spectrum for 3G mobile services, India`s largest private cellular operator Bharti Airtel on Wednesday said it will launch the service by October next year.
8 out of the country`s top 10
coveted firms lost Rs 36,000 crore from their market cap during the week ended Aug 22, while power equipment maker
BHEL and telecom major Bharti Airtel together added Rs 6,074 crore to their kitties.
Telecom major Airtel and South African MTN have been made parties in a plea challenging market regulator SEBI`s exemption to the foreign company from making an open offer to shareholders of the domestic firm.
The country`s largest GSM
operator Bharti Airtel today dialed a 24 per cent rise in net
profit at Rs 2,517 crore in the April-June 2009, helped by
growth in rural customer numbers and foreign currency gains.