By Monica MUEMA
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GQG Partners LLC and Fidelity Investments, among other major investors, have bought shares in Bharti Airtel. Indian Continental Investment sold over 0.8% stake, raising approximately $976 million. Bharti Telecom acquired nearly a quarter of the shares. The sale aims to fund founder Sunil Bharti Mittal's international ventures, including investments in Africa and the UK satellite company OneWeb.
By Monica MUEMA
Bharti Telecom now holds 40.47% of Airtel. It previously stated its intention of increasing its stake to solidify its position as a prime controlling...
Sunil Mittal of Bharti Group supports satellite connectivity for underserved rural areas using shared spectrum. He urges the regulator Trai and...
Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, received the Knight Commander of the Most Excellent Order of the British Empire for...
The shares of the club and the fan token JUV rise after the announcement of the acquisition.
Foreign entities have secured profitable positions in once-public domestic infrastructure. The pursuit of short-term cash has sacrificed long-term...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has advised telecom operators to reduce their reliance on foreign exchange for...
Tether, the largest company in the digital asset industry, announced that it has acquired a minority stake in Juventus Football Club S.p.A....
Airtel Nigeria, the country’s second-largest telecom operator, has updated its data pricing structure, resulting in a tariff adjustment of up to 50...
Nigeria’s second-largest telecom operator, Airtel Nigeria, has made an adjustment of up to 50 per cent to its…