Indian billionaire Sunil Mittal’s Airtel Uganda Ltd. failed to sell about half of the shares on offer in its initial public offering as investors stayed away, preferring high-yield government bonds. Airtel said it managed to raise 211.4 billion shillings ($56 million) after selling 54.5% of the 8 billion shares on offer. Retail investors bought just … Read more
Rajan Mittal is the vice-chairman of Bharti Enterprises. The company’s biggest asset is Bharti Airtel, one of India’s largest mobile phone operators. Rajan Mittal’s education Rajan Mittal went to Punjab University for his graduation. He then decided to pursue his master’s degree from the Harvard Business School. Rajan Mittal’s career While Sunil Mittal is the … Read more
Bharti Airtel’s new corporate structure allows it to split its revenues from the connectivity and digital services businesses, and in turn, cut its statutory payouts towards licence fees and spectrum usage charges (SUC), said analysts. This, they said, could potentially boost the company’s operating income from the India wireless business in the current fiscal. Analysts … Read more
New Delhi: Bharti Airtel on Monday said it has partnered with health app Apollo 24/7 to offer e-healthcare services to its customers as part of exclusive Airtel Thanks benefits. This comes amid a sudden spike in the number of Covid-19 cases across the country. The Sunil Mittal-led telco joins Vodafone Idea (‘Vi’) which partnered with … Read more