by Amruth Sundarkumar | Aug 10, 2022 | Corporates, India
India’s Bharti Airtel reported a 5.67x YoY jump in net profits to INR 16.1bn ($200mn) on a consolidated basis for the quarter ended June on higher revenues and stronger subscriber additions. The company posted revenues of INR 328bn ($4.3bn), 22% higher YoY driven by...
by Amruth Sundarkumar | Jun 22, 2022 | India, Investment Grade Bonds
Telecom operator Bharti Airtel’s company Bharti Airtel International (Netherlands) B.V. announced a cash tender offer for up to $300mn of its outstanding $1bn 5.35% dollar bonds due 2024. For holders who tender the bond before the early tender deadline of July 5,...
by Amruth Sundarkumar | May 27, 2022 | Credit Ratings, High Yield Bonds, India
Indian Telecom company Bharti Airtel was upgraded to an IG-status of Baa3 from Ba1 by Moody’s with a stable outlook. Moody’s also upgraded the senior unsecured bonds issued by Bharti and senior unsecured notes issued by Bharti Airtel Int’l (Netherlands)...
by Amruth Sundarkumar | May 26, 2022 | Corporates, India, Singapore Dollar Bonds
Singaporean telecom company Singtel Group is planning to sell a $1-2bn stake in Bharti Airtel to the latter’s Chairman Sunil Mittal family as per sources. Bharti Telcom is the promoter company of Bharti Airtel with a 35.85% holding. Since 2000, Singtel has been...
by Amruth Sundarkumar | May 18, 2022 | Corporates, India
Bharti Airtel reported a net profit of INR 20.1bn ($260mn) on a consolidated basis in quarter ending March 2022, surging 164% YoY. The company posted revenues of INR 315bn ($4.1bn), 22% higher YoY driven by healthy growth in mobile services, home business, and digital...
