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Bharti Airtel
Telesoft`s I P O after $200 mn Revenue
Posted by :
rvk41Tracked by: 0 Boarder
Bharti Telesoft, owned by mobile operator Bharti Airtel’s parent Bharti Enterprises, said it plans to expand to 100 cities globally from 70 now as it fights for a bigger market share despite the worsening global financial crisis.
But it may push back an initial public offering (IPO), Manoranjan Mohapatra, CEO of the messaging and roaming services provider, told Reuters during the 2008 GSMA Mobile Asia Congress.
“The IPO will be a function of the market. We’re now looking at between 24 to 36 months. We’ve got plenty of sources of equity,” Mohapatra said.
Bharti Telesoft, which aims for $200 million in revenues in 2011, competes with mobile2win, IMImobile, Cellebrum, among others and sells roaming, messaging, Internet and call management services to clients such as Tata Communications, France Telecom and Egypt’s Orascom Telecom.
In November, Bharti Telesoft, which operates in more than 70 countries across the world, including China, the US, Egypt, and Paraguay, entered into a deal with South Africa’s MTN to provide mobile value-added services.
No financial terms were announced.
Bharti Telesoft’s affiliate, Bharti Airtel, controls around 24% of India’s wireless market.
For information,with regards
rvk41...
BSE Announcements on Bharti Airtel
Posted by : MMB MessengerTracked by: 0 Boarder
With reference to the earlier announcement dated November 18, 2008 regarding the allotment of 67,650 shares by the Committee of Directors of Board of Directors of the Company in its meeting held on November 18, 2008, Bharti Airtel Ltd has now informed BSE that in the said announcement the nos. of shares allotted by the Committee were inadvertently mentioned as "67,650" in place of "66,000" shares.
The Revised announcement should be read as follows:
"Bharti Airtel Ltd has informed BSE that Committee of Directors of Board of Directors of the Company in its meeting held on November 18, 2008, has allotted 66,000 Equity Shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:
- 36,950 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-
- 9,375 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 313/-
- 700 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-
- 1,050 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 366/-
- 9,300 Equity shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-
- 7,450 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 412/-
- 1,000 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 597/-
- 175 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 771/-
With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,138,419 (Nos.) to 1,898,204,419 (Nos.) equity shares of Rs 10/- each."...
NSE Announcements on Bharti Airtel
Posted by : MMB MessengerTracked by: 0 Boarder
Bharti Airtel Limited has informed the Exchange that "Committee of Directors of Board of Directors of Bharti Airtel Limited, in its meeting held today, the November 18, 2008, has allotted 66,000 equity shares to the employees upon exercise of stock options pursuant to ESOP scheme 2005 of the company. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Worth a buy!
Posted by :
Arun PrithviTracked by: 0 Boarder
Hi Guys,
As always Bharti is real hot!!!...
Once the market gets bullish it can easily reach some 800-900 levels...
So its an ok time to buy...not the best since the stock gave us enough time to grab...Buy it! better if you choose a stop loss level at around Rs.550. Its should also be a traders choice...but in case you are planning to trade...wait and if it goes below Rs.600 worth a buy...then be safe...but always a best pick for Investors...to build a strong portfolio...Mine has it too...
Thanks,
AP
Stock Analyst - Freelancer...
BSE Announcements on Bharti Airtel
Posted by : MMB MessengerTracked by: 0 Boarder
Bharti Airtel Ltd has informed BSE that Committee of Directors of Board of Directors of the Company in its meeting held on November 18, 2008, has allotted 67,650 Equity Shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:
- 38,600 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-
- 9,375 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 313/-
- 700 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-
- 1,050 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 366/-
- 9,300 Equity shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-
- 7,450 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 412/-
- 1,000 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 597/-
- 175 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 771/-
With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,138,419 (Nos.) to 1,898,206,069 (Nos.) equity shares of Rs 10/- each....
Sell short term target 550
Posted by :
gsreddy100Tracked by: 1 Boarder
there is nothing in script or broker or analysts. all these louda fellows are tellings stories and there is not technicals specially charts. if fiis will sell then any script will come down and if they will buy script will goup. these gandu analysts are not accepting that market is not in indian investors hand. just we have to close up and down and we have trade along with fii`s go get profit . if ur expect is correct u will get profit.
for every body telling that Dont tell charts etc after reading this answer....
In reply to:
Sell short term target 550
Posted by :
sharepredictor
It made a significant technical breakdown on charts. It was trying to hang at 570, but couldn`t hold on there and fell to a low of 506, getting to 350 is healthy for the stock as long term investors wont buy unless it gets near 300. 
Buy Bharti Airtel; target of Rs 877: IIFL
Posted by : sambalaTracked by: 0 Boarder
Luxury cars, mobile phones buck slowing trend in India
MUMBAI (Reuters) - Have money, will buy Mercedes and mobile phone. That seems to be the mantra in India, where sales of luxury cars and mobile subscriptions are bucking the overall trend of lower consumer demand and slowing economic growth.
India`s benchmark stock market is down more than half in 2008, industrial production has fallen and analysts expect economic growth could slow to below 7 percent in the year to March 2009 from 9 percent or higher in the past three years.
But that has not stopped mobile phone operators in the fastest growing market for mobile phone services from adding a record 7.7 million mobile users in October to their GSM networks.
Leader Bharti Airtel alone added 2.7 million new subscribers, while No. 3 Vodafone Essar rang in its highest numbers ever, a whopping 2.1 million.
Subscriber additions can continue at the same fast clip if operators stick to their expansion plans, said Usha Rajeev, head of the telecom practice at PricewaterhouseCoopers.
"Generally, in times of trouble, people feel a heightened need to stay connected and keep up with the news," she said.
"Also, the mobile phone is not considered a luxury product anymore; it`s almost an essential commodity," she said.
Young consumers see the mobile phone "as an extension of themselves", Rajeev said, and would not cut spending on it, while for new users from small towns and villages, staying connected may be critical to earning a livelihood.
With just over a quarter of its billion-plus population owning a mobile, consultancy Gartner forecasts India`s mobile user base will increase to 737 million by 2012, helped by call rates as low as 1 U.S. cent a minute and handsets at $15.
MORE CONVICTION
At the other end of the spectrum is demand for luxury cars with a sticker price of more than 2 million rupees ($41,000), which has stayed strong despite a slump in car sales overall.
Car sales in India fell for the third time in four months in October as high borrowing costs and tighter credit depressed demand, with some firms including top vehicle maker Tata Motors Ltd shutting plants to avoid a build-up in inventory.
Car sales fell nearly 7 percent from a year earlier to 98,900 units in October, but Mercedes-Benz has already met its full-year target with sales of 3,141 units so far this year, a 47 percent increase from the same period a year earlier.
BMW`s sales have more than doubled this year.
In contrast, sales of leader Maruti Suzuki Ltd, whose small, fuel-efficient cars are often the choice of first-time buyers, fell 8 percent in October.
"Perhaps the luxury car buyer`s conviction in his purchase is greater, which makes the willingness to buy also greater," said Manas Dewan, a spokesman for Mercedes-Benz India.
India`s luxury car market is likely to edge past Thailand and soon overtake Singapore`s sales of about 10,000 units a year, JD Power Associates has estimated, helped by rising incomes.
India had 123,000 millionaires in 2007 and showed the fastest pace of expansion in numbers, Merrill Lynch/Capgemini has said.
"The gap between the number of people buying luxury cars and the number of potential buyers is still quite big," Dewan said
...
In reply to:
Buy Bharti Airtel; target of Rs 877: IIFL
Posted by : MMB Messenger
IIFL is bullish on Bharti Airtel and has recommended buy rating on the stock with a target price of Rs 877. Bharti’s EBITDA margin dropped by just 16bps QoQ in 2QFY09, adjusted for a 34bps negative impact on the margin due to an increase in the proportion of rented towers.
Buy Bharti Airtel; target of Rs 877: IIFL
Posted by : MMB MessengerTracked by: 0 Boarder
IIFL is bullish on Bharti Airtel and has recommended buy rating on the stock with a target price of Rs 877. Bharti’s EBITDA margin dropped by just 16bps QoQ in 2QFY09, adjusted for a 34bps negative impact on the margin due to an increase in the proportion of rented towers....
Bharti Airtel Q2 cons net profit at Rs 1668.1 cr
Posted by : tibusaTracked by: 0 Boarder
Buy Sarda Energy - New Darkhorse check the fundamentals...
In reply to:
Bharti Airtel Q2 cons net profit at Rs 1668.1 cr
Posted by : Guest
you company is very performens
Exit bharti, down target =400....
Posted by : sambalaTracked by: 1 Boarder
Seven Indians among most influential telecom leaders.
As many as seven Indians, including Srinath N of Tata Communications and Sunil Bharti Mittal of Bharti Enterprises have made it to the list of world`s 100 most influential telecom leaders, an industry magazine has said.
Tata Communications Chief Executive Srinath Narasimhan (Eighth) is among the top 10 telecom personalities in the list compiled by Global Telecoms Business.
Google Chairman Eric Schimdt is on top of the chart.
Technology major Apple Chief Steve Jobs and China`s Minister of Industry and Information Technology Li Yizhong are at the second and third positions, respectively.
Bharti Enterprises CEO and Group Chairman Sunil Mittal is ranked at the 35th place, while Bharti Airtel Chief Executive Manoj Kohli is placed at the 39th position.
The Euromoney group magazine introduces Srinath as leading the technology end of India`s leading industrial empires.
"He has transformed VSNL into a true international operation, putting Tata`s $29 billion might into taking over networks such as Teleglobe and Tyco Global Networks so that it now has a presence in Europe and North America...," GTB said.
Other Indians in the list include Motorola Mobile Services Division CEO Sanjay Jha (41), Sanjiv Ahuja who is the Chief of Augere (45), Tata Communications President of global data and mobility solutions Vinod Kumar (68), former Vodafone Chief Executive Officer Arun Sarin (71).
"There is a sad absence of women; Viviane Reding is the only one among 99 men... There`s probably a weighting towards US and European executives, but that reflects the method of our survey...," the magazine said.
Media mogul Rupert Murdoch (33) and telecom billionaire Carlos Slim Helu (73) are also among the telecom czars listed by the journal.
...
In reply to:
Exit bharti, down target =400....
Posted by : marketman
The scrip is not worthy to trade at present price....
Exit bharti, down target =400....
Posted by : sharepredictorTracked by: 1 Boarder
why 2250 is not the confirmed bottom:-
Volumes were low on 2250 low day compared to average bull market day. It should be high, twice the size. Even if it is a bottom, it needs to be confirmed with a high volume sell off day, which hasn`t happened yet. Fundamentals in US are deteriorating. So Bear market continues and any pullback in nifty is going to be shortlived...
In reply to:
Exit bharti, down target =400....
Posted by : ashok15
at around 700 levels ,i see a substantial downside in this counter due to economic slowdown, be cautious in accumulating at higher levels.
Exit bharti, down target =400....
Posted by : ashok15Tracked by: 1 Boarder
at around 700 levels ,i see a substantial downside in this counter due to economic slowdown, be cautious in accumulating at higher levels....
In reply to:
Exit bharti, down target =400....
Posted by : sharepredictor
Be patient, offloading is going on silently so that they can sell at better prices and make maximum gains. Media wil talk of stocks after the crash has happened and not before it is going to happen.
Exit bharti, down target =400....
Posted by : sharepredictorTracked by: 1 Boarder
Be patient, offloading is going on silently so that they can sell at better prices and make maximum gains. Media wil talk of stocks after the crash has happened and not before it is going to happen....
In reply to:
Exit bharti, down target =400....
Posted by : marketman
I am not understood why funds still holding this stock at these levels...
Exit bharti, down target =400....
Posted by : marketmanTracked by: 1 Boarder
I am not understood why funds still holding this stock at these levels......
In reply to:
Exit bharti, down target =400....
Posted by : sharepredictor
All technical indicators turing bearish. All Ready for the slide. Today was a warmup in the downmove.
Exit bharti, down target =400....
Posted by : sharepredictorTracked by: 1 Boarder
All technical indicators turing bearish. All Ready for the slide. Today was a warmup in the downmove....
In reply to:
Exit bharti, down target =400....
Posted by : marketman
Investors will have to exit from such stocks immediately to avoid huge holding losses....
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