Diabytes
Bharti airtel shares News
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Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India`s digital economy.
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Airtel has warned that financial stress in the industry "continues" and will be "further accentuated" by cut in call connect charges in the next quarter (October-December).
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With this transaction, Bharti Telecom stake in the company will increase 50.1 per cent in Bharti Airtel from 45.48 per cent and ICIL stake will come down to 2.03 per cent.
Shares of Bharti Airtel on Wednesday ended 5.5 percent higher after it reported about 61 percent rise in consolidated net profit for the April-June quarter.
Bharti Airtel shares on Wednesday jumped nearly 6 percent after the company reported a 60.9 percent rise in its consolidated net profit for the June quarter.
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