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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Bharti Airtel Limited    532454   INE397D01024

BHARTI AIRTEL LIMITED

(532454)
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End-of-day quote. End-of-day quote MUMBAI STOCK EXCHANGE - 01/20
596.2 INR   +0.62%
01/19Indian shares end over 1% higher; markets eye Yellen speech
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01/19Indian shares end over 1% higher; markets eye Yellen speech
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Bharti Airtel : Plans to Transfer AirTeltigo Shares to Govt At Final Stages

10/29/2020 | 12:06pm EST

The Government of Ghana and AirtelTigo have begun the final stages of discussions concerning the transfer of AirtelTigo shares to the government along with all its customers, assets and agreed liabilities.

The transaction would be concluded by the execution of definitive agreements shortly after which the government would temporarily operate the asset in the best interest of the nation.

The move would also ensure protection of interests of all employees, customers and stakeholders, while continuing on with the digital transformation in Ghana.

Given the multiplier impact the telecommunications sector has on the economy and its various related industries, the government of Ghana entered into this agreement with the purpose of protecting the jobs of thousands of Ghanaians.

It is, therefore, of critical importance that the telecommunications sector remained healthy, dynamic, vibrant, and most importantly, competitive.

Bharti Airtel in 2017, merged with Millicom's Tigo in Ghana to become the country's second largest mobile operator, AirtelTigo, with the approval of The National Communications Authority.

AirtelTigo serves around 5.1 million subscribers and offers direct and indirect employment opportunities to almost 10,000 people.

Celtel International acquired 75 per cent of Western Telesystems Ltd (Westel) from the Government of Ghana for $120 million in 2007.

Celtel was subsequently acquired by the Zain Group, which also sold all its African Assets to Bharti Airtel, in 2010.

The government of Ghana remained a shareholder in Airtel Ghana with a 25 per cent holding through the Ghana National Petroleum Corporation, until the AirtelTigo merger, and retained an option to acquire additional shares after the merger.

Westel was at the time of the takeover by Celtel, the second national operator in Ghana and was licensed to provide fixed and mobile (GSM) telecommunications services.

Millicom Ghana Limited was the first mobile telecommunications company to operate in the country under the brand name Mobitel before rebranding to become Tigo.

Copyright Ghanaian Times. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2021 1 020 B 13 980 M 13 980 M
Net income 2021 -144 556 M -1 981 M -1 981 M
Net Debt 2021 1 348 B 18 478 M 18 478 M
P/E ratio 2021 -22,4x
Yield 2021 0,30%
Capitalization 3 251 B 44 562 M 44 559 M
EV / Sales 2021 4,51x
EV / Sales 2022 3,99x
Nbr of Employees 19 138
Free-Float 43,6%
Chart BHARTI AIRTEL LIMITED
Duration : Period :
Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 676,90 INR
Last Close Price 596,20 INR
Spread / Highest target 40,9%
Spread / Average Target 13,5%
Spread / Lowest Target -10,3%
EPS Revisions
Managers and Directors
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Sunil Bharti Mittal Chairman
Ajai Puri Chief Operating Officer-India & South Asia Region
Badal Bagri Co-Chief Financial Officer
Nakul Sehgal Co-Chief Financial Officer
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