PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Bharti Airtel Ltd (A Bharti Enterprise)

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Bharti Airtel Announces Long-term Strategic Investment from Qatar Foundation Endowment - 199.87 Mn new shares to be issued to Qatar Foundation Endowment representing 5% stake in the Company for a total consideration of USD 1.26 Bn - Airtel.in
Bharti Airtel Announces Long-term Strategic Investment from Qatar Foundation Endowment

 

NewswireToday - /newswire/ - New Delhi, Delhi, India, 2013/05/03 - 199.87 Mn new shares to be issued to Qatar Foundation Endowment representing 5% stake in the Company for a total consideration of USD 1.26 Bn - Airtel.in.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

• USD 1.26 billion investment to strengthen Bharti's capital structure and improve flexibility for its growth strategy;
• Another high quality long-term institution joins Bharti as a significant shareholder;
• Bharti to gain exposure to strong investor base in Middle East, in addition to South East Asia.

Bharti Airtel ("Bharti"; "the Company"), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today announced that it has entered into a binding agreement with Qatar Foundation Endowment ("QFE"), under which Bharti will issue 199,870, 006 of its new shares to QFE representing a shareholding of 5% in the Company, post issuance of the new shares.

As per the agreement, QFE will subscribe to 199,870, 006 new shares of Bharti at a price of INR 340 per share amounting to a total consideration of USD 1.26 billion (INR 6796 crores) . The investment will further strengthen the capital structure and provide further flexibility for the Company to deliver on its growth strategy.

Mr. Sunil Bharti Mittal, Chairman, Bharti commented:
"I am delighted to welcome another high quality long-term institutional investor to our shareholder base. This strategic partnership with QFE demonstrates the confidence they have in the Company and our strategy for growth. In addition, this agreement exemplifies further strengthening of the already deep economic and cultural relations between Qatar and India. We look forward to a long and fruitful partnership with QFE".

Speaking on the agreement, Rashid Al-Naimi, Acting Chief Executive Officer, QFE, said:
"We are excited to be making a significant investment in one of the leading telecommunications companies in the world. As a long-term global investor, our shareholding gives us exposure to a high growth sector in key emerging markets. QFE looks forward to supporting Bharti in realising the full potential of this world class business." Goldman Sachs acted as sole financial advisor to QFE on this investment.

About Bharti Airtel
Bharti Airtel Limited (airtel.in) is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had over 271 million customers across its operations at the end of March 2013.

About Qatar Foundation Endowment
Qatar Foundation Endowment ("QFE") is a long-term global investor with a broad mandate to make direct and managed investments. QFE was recently established to provide a sustainable income stream that will ultimately fund Qatar Foundation for Education, Science and Community Development ("Qatar Foundation") operations in perpetuity.
Qatar Foundation is a private, non-profit organization that is supporting Qatar on its journey from carbon economy to knowledge economy by unlocking human potential for the benefit of not only Qatar, but the world. Founded in 1995 by His Highness Sheikh Hamad Bin Khalifa Al Thani, Amir of Qatar, QF is chaired by Her Highness Sheikha Moza bint Nasser.

Media Contacts
For Bharti Airtel: Ashutosh Sharma
P: +91 9818763772 - E: ashutosh.s[.]bharti.in.

For Qatar Foundation Endowment
Brunswick: +971 4 4466270
Assheton Spiegelberg

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Written by / Agency / Source: Bharti Airtel Ltd (A Bharti Enterprise)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom/Wireless/VoIP/IPTV articles,
CATCH Visitors via Your Competitors Announcements!


Bharti Airtel Announces Long-term Strategic Investment from Qatar Foundation Endowment

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Press Office - AirtelBroadband.in 
+91 1244222222 airtel.communications[.]airtel.in
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Bharti Airtel Ltd (A Bharti Enterprise) securities in any jurisdiction including any other companies listed or named in this release.

Telecom/Wireless/VoIP/IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Bharti Airtel Ltd (A Bharti Enterprise) / Company Profile


Read Telecom/Wireless/VoIP/IPTV Most Recent Related Newswires:

Verizon, Ericsson, and Qualcomm Eclipse Previous Record with Gigabit LTE Speeds Reaching 1.07 Gbps in Lab Trial
Qualcomm First to Announce Depth-Sensing Camera Technology Designed for Android Ecosystem
HCL Launches A.I Powered Process Transformation Platform and Consulting Offerings
Qualcomm Adds Support for DTS Virtual:X Technology on MAPX Audio System-on-Chip Platform
Everest Group Names HCL Technologies as a Leader in Global Banking and Global Capital Markets Application Services
AVST and collab9 Announce Partnership
Intercope Continues to Expand Integration of Dialogic Software and Boards
Snapdragon Neural Processing Engine Now Available on Qualcomm Developer Network
TMC Names Dialogic A Winner of Two 2017 Communications Solutions Product of the Year Awards
Frost & Sullivan Honors Comcast’s Xfinity Home with Company of the Year Award
Qualcomm Introduces Support for Standardized Bluetooth Mesh Networking to Enable Exceptional Power Efficiency and Extended Coverage in IoT Devices
AVST Demonstrates Enterprise-Class UC Applications at Microsoft Inspire
Qualcomm, EE and Sony Mobile Showcase Europe’s First Commercial Gigabit LTE Mobile Device and Network at Wembley Stadium
Sipwise Chooses Dialogic IMG 2020 For Media Gateway Conversion
Qualcomm Makes Strategic Investment in Amionx

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)