Bharti Airtel Upgraded to Investment Grade Rating of Baa3 by Moody’s
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)...
Singtel Plans $1-2bn Stake Sale in Bharti
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...
Bharti Airtel Reports 164% Surge in Profits
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...
