03-05-2013, 08:53 PM
Qatar buys stake in Bharti Airtel
NEW DELHI/DUBAI – Gulf state Qatar has bought a 5-per-cent stake in Indian telecoms firm Bharti Airtel for US$1.26 billion (S$1.55 billion), the firm said on Friday, extending an overseas buying spree from mainly developed countries to Asia’s third-largest economy.
The deal is being channelled through Qatar Foundation Endowment and a source close to QFE said it would be an active investor in Bharti Airtel, securing a board seat at the world’s fourth-biggest mobile phone company by customers.
http://www.todayonline.com/business/qata...rti-airtel
NEW DELHI/DUBAI – Gulf state Qatar has bought a 5-per-cent stake in Indian telecoms firm Bharti Airtel for US$1.26 billion (S$1.55 billion), the firm said on Friday, extending an overseas buying spree from mainly developed countries to Asia’s third-largest economy.
The deal is being channelled through Qatar Foundation Endowment and a source close to QFE said it would be an active investor in Bharti Airtel, securing a board seat at the world’s fourth-biggest mobile phone company by customers.
http://www.todayonline.com/business/qata...rti-airtel
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