In October 2023, the telecom company sought the competition watchdog’s approval for the transaction that also involved Lion Meadow Investment, an affiliate of Warburg Pincus, acquiring a stake in Bharti Airtel, one of the persons cited above said. The CCI approved the transaction recently, the person added.
Bharti Airtel: Following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange has reduced to USD 204.690 million.
Eutelsat OneWeb, which is in prime position to get satellite spectrum without an auction, is owned by Bharti Enterprises, UK government, SoftBank, among others.
Bharti Airtel chairman Sunil Bharti Mittal’s statement reiterating the ARPU target of Rs 300 also seems to have bolstered the sentiment around the stock.
Bharti Airtel: The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said.