Indian telecom major Bharti Airtel is doubling down on overseas businesses
Bharti Airtel is increasing its investments in Africa and the U.K. to expand its global presence. The company is seeking shareholder approval to raise its stake in Airtel Africa and BT Group. This move comes as Indian companies are increasingly looking for overseas opportunities amid fluctuating local market performance.
- ▪Bharti Airtel plans to increase its stake in Airtel Africa from 62.7% to 79% through a cashless share-swap deal worth $2.9 billion.
- ▪The company is also looking to raise its stake in BT Group to nearly 30% for greater economic exposure.
- ▪Airtel Africa accounts for over a quarter of Bharti Airtel's consolidated revenue for the financial year ending March 2026.
- ▪Overseas investments by Indian companies have surged to $35.8 billion, reflecting a growing trend of global expansion.
- ▪Bharti Airtel's shares have increased only 3.4% over the past year, contrasting with the strong performance of overseas markets.
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India's second-largest telecom company, Bharti Airtel, is doubling down on its Africa and U.K. bets, joining a growing number of companies from the South Asian country that are looking to expand their global footprints. Bharti Airtel on Thursday sought shareholders' approval to increase its stake in the U.K-listed Airtel Africa to 79% from around 62.7% in a cashless share-swap deal, worth 282.22 billion rupees ($2.9 billion), the Indian firm said in an exchange filing.Africa is a "high-growth potential" market for the Indian company and accounts for over a quarter of Bharti Airtel's consolidated revenue in the financial year ending March 2026, it added.
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