Bharti Airtel News
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Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, plans to spend S$2 billion ($1.6 billion) within three years on acquisitions to boost growth after posting a drop in profit.
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Safaricom Ltd., which rivals East African Breweries Ltd. as Kenya’s largest company by market value, said full-year profit surged 39 percent as revenue from data services increased.
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Nokia Oyj, seeking to revive sales of cheaper mobile phones in growth markets such as India, unveiled new software to run its Asha devices and a pact that lets customers use Facebook for free on their handsets.
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Anil Ambani’s first cooperation with his older brother Mukesh after eight years meant more than family peace. It has also added $3.5 billion to the market value of the younger brother’s listed companies in five weeks.
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MTN Group Ltd., Africa’s biggest mobile-phone company, said a report that criticized its market leadership and pricing policy in Nigeria isn’t clear and that it will seek talks with the industry regulator.
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Bharti Airtel Ltd., India’s largest mobile-phone operator, will sell a 5 percent stake to the Qatar Foundation Endowment for $1.26 billion after the carrier posted quarterly profit that missed estimates.
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Bharti Airtel Ltd., India’s largest mobile-phone operator, posted profit that missed analyst estimates after a weaker rupee raised interest payments and prices for network equipment.
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Indian stock futures dropped before the Reserve Bank of India meets to review monetary policy tomorrow, and before today’s release of manufacturing data.
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Tata Steel Ltd. joined Bharti Airtel Ltd. selling junk bonds overseas as demand for relatively higher yields pushes issuance of non-investment grade debt by Indian companies close to a record.
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MTN Nigerian Communication Ltd., the country’s biggest phone company, has become “dominant” and must raise internal mobile tariffs to boost competition, Nigeria’s telecommunications regulator said yesterday.
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