Abhishek Securities

Bharti Telecom Ltd is planning to raise its stake in Bharti Airtel to over 50 per cent through open market purchases, according to reports. Report says that the company intended to acquire stake from Indian Continental Investment Ltd (ICIL) that owns 6.65% stake in Bharti Airtel.  Bharti Airtel Ltd ended at Rs. 324, up by Rs. 3 or 0.93% from its previous closing of Rs. 321 on the BSE. The scrip opened at Rs. 322 and touched a high and low of Rs. 325.3 and Rs. 318.6 respectively. A total of 2492777(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 129515.76 crore. The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 282.3 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 334.8 and Rs. 316.15 respectively. The promoters holding in the company stood at 65.62 % while Institutions and Non-Institutions held 25.4 % and 8.93 %. Sandi...

Indian telecommunications company Bharti Airtel may sell its $1.8 billion-valued Africa tower business, to reduce debt of about $9.69 billion. Airtel which incurred most of its debt from the $10.7 billion acquisition of Zain Telecom’s Africa business in 2010 has received offers from Helios, ATC, Eaton and HIS to buy its telecoms tower business. The offers received are for the complete tower portfolio as well as parts of the portfolio. However, it is unclear whether prospective buyers will be able to buy out the whole arm or just part of it,” a source familiar with the development told India’s Business Standard. It was earlier reported that Bharti Airtel, which has 15,000 towers in Africa is considering transferring the tower business to its Indian tower unit Bharti Infratel. However, after announcing the company’s quarterly results last month, Bharti’s Group Chief Financial Officer, Sarvjit Singh Dhillon said that the company was not looking at hiving off its tower business...

Telecom tower company Bharti Infratel, on Monday, reported a 12% rise in quarterly profit at Rs 277 crore on increase in sales from leasing mobile towers to service providers. In the corresponding quarter (July-September) last fiscal year, the company reported a profit of Rs 248 crore.     Bharti Infratel, which is majority owned by Bharti Airtel, reported revenue for the quarter at Rs 2,684 crore, a 5% increase as compared to Rs 2,556 crore for the same period last year, the company said in a statement.   “With regulatory environment in telecom sector showing signs of stabilizing and data revenues witnessing strong growth, the operators have started focusing on faster roll out of 3G networks. We expect this momentum to increase in coming quarters,” Bharti Infratel vice chairman and MD Akhil Gupta said.   Bharti Infratel’s business model remains robust and demonstrates significant incremental financial gains from increased sharing of its infrastructure,...

The Telecom Commission has cleared state-run Telecommunication Consultants of India's plan to exit Bharti Hexacom, a subsidiary of Sunil Mittal-founded Bharti AirtelBSE 8.66 %, to raise cash to meet its capital expenditure needs. A board member of Telecommunication Consultants (TCIL) said the company will shortly appoint an independent advisor to recommend a reserve price for its 30 per cent stake in Bharti Hexacom. "If the new reserve price is cleared by Telecom Commission, the advisor will invite bids later this year from potential buyers of TCIL's 30 per cent holding in Hexacom," the board member told ET on condition of anonymity. Bharti Airtel, which has the first right of refusal, did not reply to ET's query on whether it is open to buying out TCIL's 30 per cent stake. Two years ago, consultant Deloitte had set a Rs 1,800-crore base price for TCIL's 30 per cent stake, which the then cabinet secretary KM Chandrasekhar had dismissed "as too ...

C ountry's largest telecom operator Bharti Airtel   gained more than 3 percent on Tuesday after its subsidiary Bharti Airtel International (Netherlands) BV raised USD 500 million notes (additional notes). The company says it is in addition to the recently concluded transaction of USD 1,000 million 5.125 percent fixed rate senior unsecured guaranteed notes due 2023. Additional notes issued at a premium and priced at 100.625 percent to yield 5.044 percent will be consolidated and formed in a single series along with the USD 1,000 million 5.125 percent guaranteed senior notes issued on March 11, 2013. This is the largest ever telecom transaction out of Asia ex-Japan. "High participation by fund managers for an Indian Issuance and real money investor participation of 77% demonstrates the superior quality of the order book and the confidence the global investors have in the fundamentals and credit of the company," Harjeet Kohli, group treasurer of Bharti...

The Department of Telecommunications (DoT) has slapped a penalty of R s. 350 crore on Bharti Airtel for not stopping third-generation (3G) mobile data services through roaming pacts outside its licensed zones in seven circles. It has also asked the telco to stop 3G roaming services outside its licensed zones immediately. The DoT, in a notice, has also asked Bharti to file a compliance report within three days. Last year, the DoT sent show-cause notices to Airtel, Vodafone and Idea Cellular among others, asking them to stop providing 3G mobile data services through roaming pacts outside their licensed zones as it deemed the pacts "illegal". The government sold 3G airwaves in an auction in 2010 that attracted much higher bids than expected, and no single company managed to get spectrum for all of the country's 22 zones. The government passed an order, asking telecom companies to stop offering 3G services beyond their licensed circles or zones under m...

Shares of country's largest telecom operator Bharti Airtel   gained 1 percent on Friday morning as the foreign research house Credit Suisse keep an outperform rating on the stock with a target price of Rs 385. Credit Suisse expects the company's revenue per minute to surprise on the upside led by continued tariff hikes. India's top mobile phone carrier had raised voice call prices to account for rising costs in January 2013. The company had said in a statement it did not increase headline tariffs but reduced promotional benefits and free minutes offered to customers, adding that the price change was in line with the increase in its costs. Other positive news - According to Reuters, Bharti Airtel is looking to sell up to a quarter of its satellite TV services arm and is in talks with several potential suitors, two sources with direct knowledge of the situation said. India's top telecommunications carrier is looking at a valuation of little ove...

India’s largest telecom service s provider, said on Monday it will soon offer voice services to its 4G customers in Pune, giving subscribers in the city access to both voice and data on their 4G-enabled handsets. The company had introduced its fourth generation or 4G services last April with operations in Bangalore, Kolkata and Pune but offered only 4G data services in these three circles. With this, Bharti Airtel will become the first telco to offer 4G data and voice services, analysts say. Last week, India’s Telecom Commission allowed firms with broadband wireless access spectrum or 4G licenses to offer voice services. “We have the advantage of a pan-India GSM (Global System for Mobile Communications) and 3G networks. With the deployment of cutting edge CSFB (Circuit Switched FallBack) functionality, we will have the flexibility of using either or both the networks to support voice services on our TD-LTE (time division long-term evolution) standard platform,” sai...

Advice : According to our analysis a few companies in the unlisted sector are potential goldmines over the next 1-3 years. These are available at a fraction of their justified price .These are >Bharti Telecom : is the holder of 45.3% stake in Bharti Airtel . The script has an intrinsic value of about 30,000 rs per share and is available at a mere price of 4000 rs/share !! >Eastern Investments : It holds just over 51% stake in OMDC . A company which has got 200 million ton reserves of iron ore valued at 1 lac crore rupees . >Guj Nre Minerals : It is a gujrat based company with huge coking coal mines in australia and is exploring oil in Cambay Basin over an area of 10,000 sqkm . >Ratnakar Bank : A   75 year old bank ,which underwent a change in management 3 years ago and is now expanding rapidly .Indian and international institution likes of HDFC Bank   , IFCI   ,FII and several mutual funds have taken signinaficant stakes in Ratnakar bank . A...

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Bharti telecom is the holding co of bharti airtel ltd., india's biggest telecom co in private sector.sunil mittal and group hold 45.3% share in bharti airtel, entirely through 85.99 crore shares in bharti telecom ltd. paid up capital of bharti telecom is rs. 21 crore. with 2.1 crore shares of face value of rs. 10 each. net worth is rs. 1089 crore.value of investment in bharti airtel's 172.55 crore shares at todays price (3.12.2011) of rs. 370 per share is rs. 650,400 crores. This values the co at rs. 10800 crore against an embedded value of rs. 60200 crores of investment leaving aside ownership premium. Bharti airtel has again declared dividend of rs. 1 on face value of rs. 5.00 / share for fy ended march 2011. Bharti telecom will receive a sum of rs. 174 crore free of income tax. With such windfall of dividend and cash flow expected, bharti telecom is expected to declare handsome dividend in future. Other listed holding subsidiaries of various co's quote @ ar...