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

BHARTI AIRTEL LIMITED

(532454)
  Report
End-of-day quote. End-of-day quote MUMBAI STOCK EXCHANGE - 01/21
580.95 INR   -2.56%
01/19Indian shares end over 1% higher; markets eye Yellen speech
RE
01/19Indian shares end over 1% higher; markets eye Yellen speech
RE
01/19Indian shares rise over 1% on boost from Reliance, HDFC
RE
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Satellite Company OneWeb Emerges From Bankruptcy With UK, Bharti Backing

11/20/2020 | 11:09am EST

By Adam Clark

Satellite company OneWeb has emerged from bankruptcy protection after receiving a $1 billion investment from the British government and India's Bharti Global Ltd., as the U.K. looks to strengthen its position in space technology.

OneWeb filed for U.S. bankruptcy protection in March having only launched 74 of its planned 650 low-Earth-orbit satellites. The U.K. government teamed up with Indian businessman Sunil Mittal--the owner of Bharti Airtel Ltd.--to acquire the London-based company and secure a 'golden share', which will allow it to veto future investments and limit technological access from other countries.

The deal is one of several moves that Boris Johnson's government has made to secure what it sees as strategic technology. It proposed new legislation the past week to make it easier to block foreign takeovers of British companies, and on Wednesday it said it would launch its biggest increase in defense spending since the Cold War, including forming a new Space Command.

"Access to our own global fleet of satellites has the potential to connect people world-wide, providing fast U.K.-backed broadband from the Shetlands to the Sahara and from Pole to Pole," U.K. Business Secretary Alok Sharma said.

Neil Masterson, a former chief operating officer at Thomson Reuters Corp., has been appointed as chief executive of OneWeb. Previous CEO Adrian Steckel will continue as an adviser to the board. The company intends to launch another 34 to 36 satellites in December, with further launches through 2021 and 2022.

A joint-venture facility with Airbus SE in Florida has been reactivated and its production lines brought back into service.

"Early research at Airbus and from a number of other key experts indicates that future OneWeb LEO satellites could offer greater national resilience and a huge leap forward in the infrastructure needed to roll out truly autonomous vehicles--land, air and sea," Richard Franklin, managing director of Airbus Defence and Space Ltd., said.

Write to Adam Clark at adam.clark@wsj.com

(END) Dow Jones Newswires

11-20-20 1108ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.54% 88.85 Real-time Quote.-0.47%
BHARTI AIRTEL LIMITED -2.56% 580.95 End-of-day quote.14.07%
THOMSON REUTERS CORPORATION -0.77% 103.02 Delayed Quote.-1.11%
All news about BHARTI AIRTEL LIMITED
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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01/19Indian shares rise over 1% on boost from Reliance, HDFC
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01/18MARKET CHATTER : Bharti Airtel Plans Sale of $1 Billion Woth of Perpetual Bonds
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01/17BHARTI AIRTEL : Arm Divests Stake in Financial Technology Startup
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01/15Indian shares end lower; Airtel jumps on MSCI review
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01/14BHARTI AIRTEL : Launches Amazon Prime Video Mobile Edition Plans
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More news
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 -21,8x
Yield 2021 0,31%
Capitalization 3 168 B 43 422 M 43 419 M
EV / Sales 2021 4,43x
EV / Sales 2022 3,91x
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 580,95 INR
Spread / Highest target 44,6%
Spread / Average Target 16,5%
Spread / Lowest Target -7,91%
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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