Airtel has officially responded with a noncommittal answer to a BSE inquiry into its selling its Bangladesh and Sri Lanka assets. CNBC had first reported last week that Airtel was planning to sell its tower business Sri Lanka and Bangladesh, where the company owns 2,500 and 4,000 towers respectively, to Etisalat and Orange. This was Airtel’s reply (pdf) to the BSE inquiry: Dear Sir/Madam, With reference to your above mentioned email, kindly note that Bharti Airtel Limited keeps evaluating various opportunities, on an ongoing basis in ordinary course of business and will make necessary disclosure as and when required. Please take the above information on record. Thanking you, Yours faithfully, For Bharti Airtel Limited Rajendra Chopra, Company Secretary. Airtel entered Sri Lanka back in 2009 with an investment of $200 million and Bangladesh in 2010 by buying 70% stake in Warid Telecom, and eventually the rest 30%. Recently, the company had appointed Jinesh Hegde as CEO if its Sri Lanka operations, replacing former CEO Suren Goonewardene. Airtel offers mobile voice, data and enterprise solutions these countries and claims a 3G presence of 70% within its network in Sri Lanka, and a user base of 8.35 million in Bangladesh. Sale of towers: In July, Airtel raised $1.3 billion from the sale of mobile towers in five countries in Africa to Helios Towers, IHS Holding Limited and American Tower Company. The company added that the proceeds would go towards reducing the $10 billion debt used in its African operations in 2010. Interestingly,…
- Quick Take: YouTube reversing its election misinformation policy is a double-edged sword June 5, 2023
- Delhi HC Directs Indian Kanoon To Mask Name of Rape-Accused in Archived Order, Resurrecting Right to Be Forgotten Debates June 5, 2023
- Netflix, Amazon, Viacom18 to challenge India’s new tobacco guidelines for OTT platforms June 5, 2023
- 5 talking points from the Artificial Intelligence stories we covered in May June 5, 2023
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...