Vodafone acquires 10 per cent stake in Bharti Tele-Ventures

Airtel Broadband, Indian Telecom, Telecom News October 31st, 2005

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Vodafone acquires 10 per cent stake in Bharti Tele-Ventures

In an interesting move, the Britain-based Vodafone Group PLC has bought a near 10% stake in the Bharti Tele-Ventures of India. Bharti are the largest mobile operator in the growing Indian mobile market and the deal is worth around USD 1.5 billion. Vodafone itself is the Europe’s largest cell phone company. The 10% share includes 4.4 per cent stake in Bharti Enterprises in addition to the 5.65 per cent stake of private equity firm Warburg Pincus L.L.C in Bharti Tele-Ventures.

Chairperson and group managing director Bharti Enterprises Sunil Mittal informed the media that the deal took place with Vodafone paying around 351 rupees per share for the 10 per cent stake. However, Bharti Enterprises continues to hold a controlling 45.9 per cent stake in Bharti Tele-Ventures. They have no further plans to sell more stake in the company for now.

Mittal added to his comments: “We are delighted to have Vodafone as our additional partner to further develop the Indian telecom market.” Bharti expects this deal to help them further participate in the Indian telecommunications market, which happens to be one of the fastest markets in the world.

This is not the first venture for Vodafone in the Indian market. They had left the market after pulling out of an investment in a regional Indian player in 2003. Bharti is much strongly placed and it would help them to establish a presence here in the Indian market.

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10 Comments to “Vodafone acquires 10 per cent stake in Bharti Tele-Ventures”

  1. vandana | November 5th, 2005 at 03:38 am

    hi im vandana can u please send me the details of the stake between vodafone n bharti’s airtel as im a student n i wanana make presentation on it

  2. vandana | November 5th, 2005 at 03:08 pm

    hi im vandana can u please send me the details of the stake between vodafone n bharti’s airtel as im a student n i wanana make presentation on it

  3. arnav | January 27th, 2006 at 01:14 pm

    Please advise me how vodaphone will be marketing its products and how does it plan to open its centers or outlets for retails. Will these retail be on franchise basis or rental/buying basis?

  4. arnav | January 28th, 2006 at 12:44 am

    Please advise me how vodaphone will be marketing its products and how does it plan to open its centers or outlets for retails. Will these retail be on franchise basis or rental/buying basis?

  5. upendra | May 7th, 2006 at 08:58 am

    Hi,

    can you just tell me, when will the vodafone will come into the market. I think if it will come, the call charges drops down.

  6. upendra | May 7th, 2006 at 07:28 pm

    Hi,

    can you just tell me, when will the vodafone will come into the market. I think if it will come, the call charges drops down.

  7. Harpreet Singh | June 4th, 2006 at 04:25 am

    Hi,

    If Vodafone will come in the market then will the call price and value added or not service will be added such as 3G service, Video Conference or etc.

    Is this good that vodafone will come in place of Airtel.
    I am very much interested to keep me market update.

    THANKS

  8. Harpreet Singh | June 4th, 2006 at 04:27 am

    If Vodafone will come in the market then will the call price and value added service will be added or not, such as, 3G service, Video Conference or etc.

    Is this good that vodafone will come in place of Airtel.
    I am very much interested to keep me market update.

    THANKS

  9. Harpreet Singh | June 4th, 2006 at 02:55 pm

    Hi,

    If Vodafone will come in the market then will the call price and value added or not service will be added such as 3G service, Video Conference or etc.

    Is this good that vodafone will come in place of Airtel.
    I am very much interested to keep me market update.

    THANKS

  10. Harpreet Singh | June 4th, 2006 at 02:57 pm

    If Vodafone will come in the market then will the call price and value added service will be added or not, such as, 3G service, Video Conference or etc.

    Is this good that vodafone will come in place of Airtel.
    I am very much interested to keep me market update.

    THANKS

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