Bharti

Bharti Airtel Chief Sunil Mittal Summoned for 2G Scandal

Bharti Airtel Chief Sunil Mittal Summoned for 2G Scandal

The alleged chairman-cum-Managing Director of Bharti Cellular Ltd Sunil Bharti Mittal, Essar Group promoter Ravi Ruia and five others have been asked to summon in a Delhi court.

They have been facing charges of wrongdoings in allotment of additional spectrum to Airtel and Vodafone during the NDA period.

A 57-page chargesheet, has asked Shyamal Ghosh and the three telecom firms for the offences of criminal conspiracy (120-B) of the IPC and under provisions of the Prevention of Corruption Act.

Bharti in talks for Qualcomm BWA licenses

Bharti in talks for Qualcomm BWA licenses

Qualcomm is all set to sell its Broadband Wireless Access (BWA) license to Bharti Airtel. Qualcomm India obtained BWA license on a BWA auction last year covering four major states of Delhi, Mumbai, Kerala and Haryana. This telecom giant paid a hefty amount of Rs. 4,921 crores to procure the license and is most likely to ask for a premium from Bharti.

Already Bharti Airtel has got license for Maharashtra, Kolkata and Punjab. And after Qualcomm BWA license, it will have access to lucrative telecom zones of northern and southern India.

India Model to be Replicated by Bharti and Separate Tower Companies to Be Formed in Africa

India Model to be Replicated by Bharti and Separate Tower Companies to Be Formed

As many as 15 separate tower companies will be formed by Bharti in each of the African countries as other companies will be invited to collaborate in the new ventures planned. This is a step to save money by sharing the costs and the model will be replicating the Indus towers, which Bharti owns along with Idea Cellular and Vodafone Essar in India, according to CEO of Bharti’s international unit, Manoj Kohli.

Bharti AXA General Insurance gets approval from IRDA

Bharti AXA General Insurance has informed that it has received the certificate of registration by the Insurance Regulatory Development Authority to start its operations in India.        

Under the proposed agreement, Bharti holds 74 per cent stake in the insurance JV while AXA has 26 per cent stake. The company, headquartered in Bangalore, will establish a pan-India business network with offices and partnerships.  

Wal-Mart Joins Hands With Bharti To Expand IT Staff In India

Wal-Mart Stores Inc has formed a joined venture with Bharti Enterprises to expand information technology staff in India. The JVC will expand staffing of some elements of IT application maintenance and development with some of India's leading information technology firms.