Kolkata: Nettle Infrastructure Investments, a wholly-owned arm of Bharti
Airtel, has acquired 100% stake in OneWeb India Communications Pvt Ltd, in an all-cash deal for an undisclosed sum.
“Nettle Infrastructure Investments has acquired 10,000 shares in OneWeb India Communications for a cash consideration, amounting to 100% control,” Bharti Airtel said in a regulatory filing Wednesday evening.
OneWeb is a low earth orbit (LEO) satellite communications operator, co-owned by Bharti Global and the UK government, which is open to entering India either directly or through a commercial partnership, involving either the JV route or a bandwidth capacity leasing pact, even as it gears up to launch fast broadband services in the country by June 2022.
›Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit Airtel
Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit Airtel
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Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit AirtelBy
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Bharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company.
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Bharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company. The board also cleared the demerger of the company’s telecom business, and vesting the same with a new wholly-owned arm, Airtel Ltd, on a goi
Read more about Telecom giant Bharti Airtel divests stake in Seynse Technologies on Business Standard. Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing
Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing. The stake was held through Bharti Airtel s wholly-owned subsidiary Nettle Infrastructure Investments Limited.
Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing. The stake was held through Bharti Airtel's wholly-owned subsidiary Nettle Infrastruc