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The Latest Breaking News from Sunil Bharti Mittal

Rs 104 lakh crore club: India's richest 3,040 now hold wealth equal to 30% of GDP

India’s 3,040 richest individuals hold Rs 104 lakh crore in wealth, nearly 30% of nominal GDP, highlighting growing wealth concentration. The latest report also shows rising participation from young entrepreneurs, women and first-generation founders alongside established business families.

The Economic Times

Mukesh Ambani, Sunil Mittal named founding members of ITU-backed AI commission

Mukesh Ambani and Sunil Bharti Mittal have been appointed as founding members of the UN's AI for Good Global Commission. This influential body, co-chaired by Rwanda's President Paul Kagame and Salesforce CEO Marc Benioff, aims to foster trust, expand access, and leverage AI for global challenges. The commission will hold…

The Economic Times

Sunil Bharti Mittal hopeful of India-US trade deal in coming weeks

Bharti Enterprises Chairman Sunil Bharti Mittal expressed strong optimism for an India-US trade agreement within weeks, highlighting its importance for industry. Speaking at the USISPF Leadership Summit, where he received an award, Mittal also emphasized the Indian diaspora's role in strengthening bilateral ties. The forum recognized Mittal, V. Prem Watsa,…

The Economic Times

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Bharti Airtel raises stake in Airtel Africa to 79 per cent in transaction worth Rs 28,000 cr

Bharti Airtel has significantly boosted its stake in Airtel Africa to approximately 79 percent through a Rs 28,200 crore share-swap deal. This strategic move, involving a cashless exchange with promoter group entity ICIL, enhances Bharti Airtel's economic interest in the high-growth African subsidiary. The company anticipates Airtel Africa becoming a…

The Economic Times

Airtel secures nearly 100% investor support to raise Airtel Africa stake to about 79%

Bharti Airtel shareholders have overwhelmingly approved a plan to increase its stake in Airtel Africa Plc. This strategic move involves a cashless share swap, boosting Bharti Airtel's ownership to approximately 79%.

The Economic Times

UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: Report

The UK government is set to block any move by Indian billionaire Sunil Bharti Mittal to increase his stake in telecom giant BT beyond 25%. Officials cite the need to maintain sovereign control over critical national infrastructure, emphasizing this is not personal but a matter of national resilience.

The Economic Times

Bharti Airtel claims No.2 spot: How it beat HDFC Bank to become India's second most valuable company

Bharti Airtel has overtaken HDFC Bank to become India’s second most valuable listed company. Airtel shares rose over 2%, taking its market capitalisation to around Rs 11.8 lakh crore, while HDFC Bank shares fell more than 2%, reducing its market cap to nearly Rs 11.7 lakh crore. Reliance Industries remains…

The Economic Times

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Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crore

Prudential plc is set to acquire a 75% stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd. This strategic partnership aims to expand access to life and health protection solutions across India, leveraging the combined strengths of both organizations. The deal signifies a significant development in…

The Economic Times

Airtel to set up 56 edge data centres within 2 yrs; tariff structure in India needs to change: Gopal Vittal

Bharti Airtel is set to build 56 edge data centers in the next 18 to 24 months. This expansion aims to significantly scale up the company's business in the data center segment. The move is part of a larger strategy to strengthen infrastructure and gain market share. Airtel is also…

The Economic Times

Sunil Bharti Mittal announces succession plan: Meet the GenNext

Airtel founder Sunil Bharti Mittal is preparing for a leadership change over the next ten years. His three children, Kavin, Shravin, and Eiesha, have established their own professional paths. Kavin is a tech entrepreneur, Shravin is an investor and dealmaker, and Eiesha focuses on lifestyle ventures. This signals a new…

The Economic Times

Sunil Bharti Mittal to hand over Airtel to his children in 10 yrs, desires Bharti Telecom regains 51% stake in co

Telecom leader Sunil Bharti Mittal intends to pass on Bharti Airtel's leadership to his children in the next ten years. He also aims for promoter firm Bharti Telecom to reclaim over 50 percent ownership. This transition will depend on Airtel's performance and cash generation. Mittal also plans to increase Airtel's…

The Economic Times

India Inc reads calm, not alarm, in PM Modi's austerity message

Prime Minister Narendra Modi urged a cutback on reducible expenses like fuel, foreign travel, and gold. Industry leaders see this as a call for self-reliance and moderated consumption. Global economic pressures, particularly from the West Asia crisis, are impacting India. Leaders support the Prime Minister's message, emphasizing domestic investment and…

The Economic Times

BT shares slip after Indian billionaire Mittal takes board seats

The company’s shares fell by around 3% as shareholders took the move as a signal that Sunil Bharti Mittal will increase his influence on the firm.

Evening Standard

Farewell, Patrick Drahi from BT – who won’t be missed

Long-term intentions of stake’s new owner Bharti are unclear but it should be told it cannot own the company outright

The Guardian - UK

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The Guardian - UK

Sunil Bharti Mittal: who is the Indian tycoon now BT’s largest shareholder?

Billionaire built business from bicycle components empire that takes in UK hotels

Evening Standard

Billionaire Sunil Mittal-owned Bharti buys BT stake

An investment firm owned by Indian billionaire Sunil Mittal is to acquire a 25% stake in BT.

The Hindu

Bharti Enterprises chief Sunil Bharti Mittal knighted by King Charles III

Sunil Bharti Mittal, founder of Bharti Enterprises, becomes first Indian to receive honorary Knighthood from Britain's King Charles III.

Dynamite News

Launch of 36 OneWeb satellites with ISRO, NewSpace India marks key milestone to enable global connectivity

Bharti-backed OneWeb, the Low Earth Orbit satellite communications company, on Sunday confirmed the successful deployment and contact of 36 satellites launched by NewSpace India Limited, from the Satish Dhawan Space Centrein Andhra Pradesh's Sriharikota. Read further on Dynamite News:

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The Times of India

Return on capital very low, expects tariff hike by mid of 2023: Bharti Airtel chairman

BARCELONA: The return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday.

Dynamite News

Land has been acquired for launch site in Tamil Nadu: ISRO chief

The Indian Space Research Organisation has acquired land for the proposed rocket launch site in Tamil Nadu where a launch pad would be set up, the chief of the space agency said on Sunday. Read more on Dynamite News:

The Times of India

Bharti co to buy Rs 13,000 crore Airtel stake from Singtel

NEW DELHI: Bharti Airtel promoter Bharti Telecom will buy a 3.3% Airtel stake from Singtel (Singapore Telecommunications) for about Rs 12,895 crore in 90 days, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal’s family and Singtel are co-investors in Bharti Telecom.

The Hindu

Telecom Minister Ashwini Vaishnaw asks telcos to gear up for 5G launch

The DoT has received payment of around ₹17,876 crore from service providers — Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for 5G spectrum they won in a recent auction.

The Times of India

5G spectrum auction: Rs 1.45 lakh crore bids by Jio, Airtel, others on day 1

NEW DELHI: India's largest ever auction of spectrum used to carry mobile signals saw bids of Rs 1.45 lakh crore for 5G airwaves from groups run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani on the first day on Tuesday.

The Hindu

KTR hardsells Telangana at Davos

Meets top honchos of tech and pharma companies

The Hindu

Government must keep 5G spectrum fee low; faster roll out to have greater impact, says Airtel

Sunil Bharti Mittal argued that instead of devoting money on spectrum acquisitions, service providers can invest in faster roll out of the network

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