Pegging the cost of acquisition at Rs 669 crore, the filing said this acquisition is a part of the company s strategy to enable indigenisation initiatives within its own ecosystem of telecom products in line with the Government s policy of Make In India and add distribution and service capabilities (including system integration) largely for the enterprise business.
Bharti Airtel Services set to acquire 97 1% stake in Beetel Teletech business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Bharti Airtel Services has agreed to acquire 97.1% stake in Beetel Teletech, a subsidiary of Bharti Airtel. The acquisition, valued at Rs 669 crore, is part of the company s strategy to enable indigenisation initiatives within its own telecom products ecosystem, aligning with the government s Make In India policy.
Beetel Teletech has signed as an Enterprise Business Partner with Numeric UPS, one of the Top Manufacturers of uninterruptible power supply (UPS) systems in India. This partnership marks a significant step forward in providing cutting-edge power solutions to meet the growing demands of businesses and consumers in India as well as globally.