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

BHARTI AIRTEL LIMITED

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Bharti Airtel : UK Government, Bharti Global Commit $1 Billion to Buy Satellite Company OneWeb

07/03/2020 | 08:57am EST

By Adria Calatayud

 

The U.K. government and Bharti Global Ltd. have committed to pay $1 billion to acquire satellite company OneWeb and fund the restart of its operations, the parties said Friday.

U.K. Business Secretary Alok Sharma said the government will invest $500 million and take a significant equity stake in the company alongside Bharti Global, part of Bharti Airtel Ltd. The deal will enable OneWeb, which develops satellite technology in the U.K. and the U.S. and filed for bankruptcy protection in March, to build a global satellite constellation, the government said.

OneWeb said the consortium's bid won a competitive process with a strong offer that will enable it to emerge from Chapter 11 bankruptcy with a robust foundation. The company will look to resume operations as soon as possible, it said.

The deal is expected to close by the end of 2020, subject to approval by the U.S. Bankruptcy Court as well as regulatory approval, OneWeb said.

The U.K. government said it will have final say over any future sale of OneWeb and over future access to its technology by other countries on national security grounds.

OneWeb had launched 74 satellites and had begun development on a range of user terminals for a number of markets when it filed for bankruptcy.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

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Financials
Sales 2021 1 024 B 13 940 M 13 940 M
Net income 2021 -141 106 M -1 921 M -1 921 M
Net Debt 2021 1 313 B 17 865 M 17 865 M
P/E ratio 2021 -19,3x
Yield 2021 0,37%
Capitalization 2 614 B 35 557 M 35 580 M
EV / Sales 2021 3,83x
EV / Sales 2022 3,37x
Nbr of Employees 19 138
Free-Float 43,7%
Chart BHARTI AIRTEL LIMITED
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Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 666,83 INR
Last Close Price 479,35 INR
Spread / Highest target 87,8%
Spread / Average Target 39,1%
Spread / Lowest Target 11,6%
EPS Revisions
Managers
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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