Eutelsat’s shares have rocketed in value over the past 30 days (up 32 per cent to €3.93) although when compared to 6 months ago (€4.50) they still have a way to go. Indeed, when looking at the longer trading picture and at a snapshot of 2022 when they traded at between €10 and €13 it […]
BT Group has announced that, with immediate effect, Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, and Gopal Vittal, Vice Chairman and Managing Director of Bharti Airtel Limited, will join the Board of BT Group as non-independent non-executive directors. Mittal and Vittal will join the Board pursuant to a relationship agreement as the nominated […]
On the heels of the UK’s confirmation that it is topping up its capital investment in Eutelsat’s OneWeb (by €163.3 million), Eutelsat’s Indian partner Bharti Space is making a similar top-up worth €120 million. The smaller amount reflects a €30 million capital injection made in June by Bharti. Following the fresh investment, Bharti Space’s stake […]
Eutelsat, as expected, is raising €1.35 billion in fresh capital. The French state is “anchoring” the increase, which will be in place by the end of this year. The extra cash comes by way of a €716 million capital increase which would be subscribed by the French State via the Agence des Participations de l’Etat […]
Bharti Enterprises has completed acquisition of a 24.5 per cent stake in UK’s BT Group from Patrick Drahi. The stake was sold via Altice UK in two parts, the second of which is now completed. Drahi is under pressure to sell off assets as his Altice Group grapples with €60 billion debt and the fallout […]
Reports from India say that the various permissions for direct-from-satellite broadband services are again awaiting action. India’s authoritative Financial Express (FE) says that the country’s department of telecommunications (DoT) is unlikely to issue any provisional or interim spectrum to companies such as Eutelsat OneWeb and Jio to commercially roll out their satellite internet services soon. […]
Wynk Music, India’s number one music streaming app by downloads and daily active users, has achieved a milestone of over 1.7 billion streams for songs by independent artists of Wynk Studio – the launch pad for budding music artists taking their songs to a nationwide audience. These songs have, remarkably, crossed this milestone within two […]
Eutelsat’s OneWeb constellation could soon be active over India thanks to its Indian shareholders Bharti Airtel. The latest reports from India suggest that OneWeb’s permissions to operate over India could be approved later this month. Elon Musk’s Starlink, despite favourable comments from India’s prime minister Modi, is still suffering regulatory delays. Starlink has received permission […]
Sunil Bharti Mittal, executive chairman of OneWeb and Bharti CEO, speaking at a media briefing, said that OneWeb’s revenue prospects promised $1 billion of annual revenues flowing from its orbital capacity 1.2 Terabits/second – even if the wholesale cost of that bandwidth is discounted by around 20 per cent. Mittal said that OneWeb was already […]
India’s Bharti Airtel is contracting with a Texas-based business to help speed its deployment of 5G wireless technology throughout India. Bharti is already working with the likes of Nokia, Samsung and Ericsson to prepare for 5G. Bharti is looking to Aviat Networks and will deploy Aviat’s multi-band outdoor solution to handle Bharti’s demand and expand […]