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Bharti Telecom > Company History > Telecommunications - Equipment > Company History of Bharti Telecom - BSE: 500054, NSE: BHARTITELE
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Bharti Telecom

BSE: 500054|NSE: BHARTITELE|ISIN: INE403D01012|SECTOR: Telecommunications - Equipment
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Bharti Telecom is not traded in the last 30 days
Bharti Telecom is not traded in the last 30 days
Company History - Bharti Telecom
1985
 
 - The Company was Incorporated on 29th July, at New Delhi.  The
 Company
 was promoted by Rakesh B. Mittal and managed by a board of
 professionals.  The company manufacture electronic push button
 telephone instruments.  The Company's products are marketed under
 the
 brand name `BEETEL'.
 
 - The Company entered into a technical collaboration agreement with
 Siemens A. G., West Germany for supply of technology in terms of
 completed technical know-how and documentation for a range of
 electronic push button telephone instruments and also help in
 selection/installation of plant and machinery.
 
 1986
 
 - The Company entered into a technical collaboration agreement with
 Takachiho Corporation of Japan for the manufacture of State-of-art
 microprocessor based telephone answering machines.
 
 - 1,90,960 No. of equity shares subscribed for by the promoters,
 directors, etc.  14,59,040 shares then issued at par out of which
 5,69,040 shares were reserved and allotted to were reserved and
 allotted to promoters, directors, etc.  Out of the remaining
 8,90,000
 the following shares were reserved for preferential allotment; (i)
 82,500 shares to employees of the Company and associate companies
 and
 working Indian directors (partly subscribed); (ii) 17,800 shares to
 business associates of the Company (partly taken up) and (iii)
 2,00,000
 shares to non-resident Indians on repatriation basis (only 1,68,200
 shares taken up).  The balance 5,89,700 shares along with
 unsubscribed
 portion of 31,800 shares out of (i) & (ii) above and 31,800 shares
 out
 of (iii) above were offered for public subscription during Nov. 1986
 (all were taken up).
 
 1988
 
 - Additional order for 60,000 telephones were received from MTNL and
 DOT.  The Plan 103 System based on Siemens design was launched and
 it
 met with good response.
 
 - The capital goods for Telephone answering machines were installed
 and
 training of engineers and trial runs were accomplished.
 
 - A letter of intent was received for manufacture of cordless
 telephones in the existing factory iteself.  A collaboration
 agreement
 was signed with M/s. Lucky Goldstar International Corporation, South
 Korea for the manufacture of said telephones.
 
 1989
 
 - The Company entered into an agreement with spetspromsuyazsystema
 for
 the manufacture of telephone terminals in USSR.  The Company also
 tied
 up with Hartron to manufacture certain telecom transmission products
 based on C-Dot Technology.
 
 - The Company got approval for tune pulse switchable telephones and
 plan 103(1+1) from Telecom Engineering Centre, Department of
 Telecommunication.
 
 - An agreement was signed with Premier Telecom Inc, U.S.A. a wholly
 owned susidiary of United Telecom, to manufacture and export
 6,00,000
 telephones to U.S.A.
 
 1990
 
 - The Company undertook to set up a plant at Delhi for the
 manufacture
 of fax machines in technical collaboration with a Japanese Company
 and
 a series of other telecom products.
 
 - The Company undertook a project to expand the existing capacity of
 Push Button Telephones from 2,00,000 pieces to 5,00,000 pieces. 
 Under
 this project, two new units were being set up, one for domestic
 sales
 at the site of existing plant in Ludhiana and the other for exports
 at
 Gurgaon near Delhi.
 
 - The Company signed a Memorandum of Understanding with Premier
 Telecom
 Products Inc. of USA for the export of 6,00,000 telephones within
 three
 years.
 
 1991
 
 - The Company tied up with Daewood Corporation of South Korea to
 import
 and distribute fax machines under the brand name `Beetel' and
 proposed
 to take-up manufacture of fax machines in the second phase.
 
 - The Company also proposes to set up, operate and maintain value
 added
 services in the field of telecommunication viz.  Cellular mobile
 telephone service; paging etc., in collaboration with CGE of France,
 Emtel of Mauritius and mobile systems U.K.  Ltd. of U.K.
 
 - During April, 8,66,250 No. of equity shares of Rs 10 each were
 issued
 for cash at a premium of Rs 15/- per share of which 8,25,000 shares
 offered on rights basis to the existing shareholders in the
 proportion
 1:2.  The Balance of 41,250 shares offered to employees/workers of
 the
 Company.  Additional 1,29,937 shares issued to retain
 oversubscription
 (1,23,750 shares to shareholders and 6,187 shares to employees).
 
 - During April, the Company issued 18,36,250 No. of equity shares of
 Rs
 10 each for cash at a premium of Rs 15 per share of which 6,46,800
 shares reserved for preferential allotment as follows: (i) 2,55,300
 shares to the shareholders of United Pharma International Ltd.
 (UPIL)
 (All were taken up); and (iii) 91,500 shares to employees/workers of
 the Company (only 36,600 shares taken up).  The balance 11,89,450
 shares alongwith 54,900 shares not taken up by the employees/workers
 were offered for public subscription.  Additional 2,75,438 shares
 issued to retain oversubscription (38,295 shares to the shareholders
 of
 UPIL, 45,000 shares to NRIs and 1,92,143 to public).
 
 - 12,142,125 No. of equity shares were issued to MFs, Bodies
 Corporate
 and Promoters group on private placement.
 
 1993
 
 - The Company has promoted Bharati Cellular Ltd. and Bharti Telenet
 Ltd. in consortium with world leaders to provide cellular and basic
 telecom services.
 
 - The Company has also entered into strategic alliances with
 International leaders for manufacture and marketing of Telecom
 Terminals including Radio Pagers.
 
 1994
 
 - The Company formed a joint venture company named Siemens Telecom
 Ltd., with Siemens, one of the largest telecom companies in the
 world.
 The Company ventured into yet another area to manufacture telecom
 transmission products by acquiring a running profitable unit - Goa
 Telecommunication & Systems Ltd. (G-Tel), Goa from Economic
 Development
 Corporation of Goa, Daman & Diu.
 
 1995
 
 - The Company maintained its position as the leading manufacturer of
 telephones both in private and public sector.
 
 - The Company promoted Bharti Televentures Ltd. as a subsidiary of
 the
 Company for the purpose of promoting a variety of telecom service
 projects in India.
 
 1997
 
 - The Company has set up separate exports department to export to
 global markets.
 
 - The promoters of the company made a cash offer to acquire
 41,45,796
 No. of equity shares of Bharti Telecom pursuant to provisions of
 SEBI
 (substantial acquisition of shares & Takeovers).  In response
 222,15,863 shares were acquired Another 11,48,600 shares were
 acquired
 under negotiated transactions.
 
 - Reliance and Bharti Telenet are the two licencees for cellular
 services in Himachal Pradesh.
 
 - Bharti Telenet Ltd became the first private company to sign a
 licence
 agreement which entitles it to provide telecom services in Madhya
 Pradesh for 15 - year period beginning 1997.
 
 - Bharti Telecom has entered into a joint venture with British
 Telecom
 (BT) India to exploit the new opportunities opening up in the
 satellite-based very small aperture terminal (VSAT) communication
 business in India.
 
 1998
 
 - The Bharti Telecom promoted basic services project in Madhya
 Pradesh
 is running behind schedule, primarily due to difficulties with local
 authorities over digging of roads for the laying of lines.
 
 - Bharti Enterprises, one of the promoter group companies of Bharti
 Telecom Ltd, has entered into an agreement to acquire 26,69,400
 shares
 representing 15.8 per cent of the paid up capital of Bharti Telecom.
 This is subject to the approval of the Securities and Exchange board
 of
 India.
 
 - Bharti Dura-line, a joint venture between Bharti Telecom and the
 US-based Duraline to manufacture telecom ducts, is targeting its
 products at new players such as Indian Railways and PowerGrid
 Corporation.
 
 - It has a joint 49:51 joint venture with Siemens of Germany -
 called
 Siemens Telecom Ltd - which markets both Siemens and Beetel
 instruments.
 
 - Bharti BT Internet, a joint-venture between Bharti Telecom and
 British Telecom (BT), plans to launch its Internet service by March
 1999.  India is the world's largest emerging market for telecom
 services.
 
 - BEPL, a private Ltd company, holds 23.89 per cent of the equity
 share
 capital of BTL.  Bharti Telecom Finance Ltd also holds 4.99 per cent
 of
 the equity share capital of BTL.
 
 1999
 
 - Private telecom companies like BPL, Bharti Telecom and
 Telecommunications India Ltd (TCIL) have sought alliances with the
 state-owned Power Grid Corporation (PGCIL) for using its wide
 transmission network to enhance telecom services like internet
 access
 nationwide.
 
 - Bharti Telecom, the flagship company of Bharti Enterprises, has
 bagged Nepal Telecom Corporation's global tender worth {FILE_CONTENT}.5 million
 for
 supplying 50,000 push button phones by end-June 1999, for a special
 network expansion project funded by the World Bank.
 
 - Bharti, the largest supplier of telephone handsets in India to the
 department of telecommunications (DoT) under the Beetel brandname,
 was also the first company to export state-of-the-art push button
 phones to leading telecom companies like Sprint Corporation and
 Conair
 Corporation of USA.  Bharti Telecom was the first to set up
 manufacturing facilities for electronic push button telephones in
 the
 country.
 
 - A joint venture between Bharti Enterprises and British Telecom,
 introduced Mantra Online, it is on the verge of launching a site
 dedicated to teenagers.
 
 - The Mumbai Stock Exchange (BSE) may take punitive action against
 the
 Delhi-based Bharti Telecom (BTL) for allegedly acting against
 investor
 interest.
 
 - Bharti BT Internet is a 51:49 per cent joint venture of the Sunil
 Mittal promoted Bharti Enterprises and British Telecom.  The company
 launched operations and currently reports a user base of 46,000
 customers (paid users: 35,000) in eight locations.
 
 - Bharti Enterprises also has another joint venture with British
 Telecom for V-Sats in India called Bharti BT.
 
 - Bharti Enterprises, one of North India's largest telecom operator,
 entered the south Indian markets by joining hands with J T Mobile,
 the
 cellular operator in Andhra Pradesh and Karnataka, as a `strategic
 partner'.
 
 - Bharti Cellular has tied the knot with Bangalore-based BPL Mobile
 to
 counter competition of the Hutchison and Essar combine lead by their
 brand Orange in Mumbai and later in Delhi.
 
 2001
 
 - Telecom terminal manufacturer Bharti Teletech has signed an MoU
 with
 UK-based cordless phone manufacturer SunCorp for collaborating on
 joint
 projects to develop designs for cordless phones.
 
 - British Telecom (BT) has offloaded its 44 per cent stake in Bharti
 Cellular Ltd -- the cellular mobile service provider in Delhi -- to
 its
 joint venture partner, Bharti Enterprises. The transaction was worth
 2mn.
 
 - The Sunil Mittal-promoted Bharti Enterprises on July 16, announced
 it
 had acquired Kolkata's cellular operator, SpiceCell, in an all-cash
 deal. Bharti Enterprises acquired 100 per cent equity in SpiceCell.
 
 - Bharti's acquisition of SpiceCell was part of its plans to seek a
 nationwide presence in the telecom firmament, according to Mr Sunil
 Bharti Mittal, Chairman & Group Managing Director of Bharti
 Enterprises.
 
 -The Bharti-SingTel combine July 23 said it is pulling out of the
 race
 for a 25 per cent stake in Videsh Sanchar Nigam Ltd (VSNL), slated
 for
 disinvestment in the coming months.
 
 - Bharti Enterprises has finalised a 0 million agreement with
 three
 leading telecommunication equipment providers -- Ericsson, Siemens
 and
 Motorola. According to an official statement from the company, the
 `big
 three' have bagged the orders for building Bharti's cellular
 infrastructure in the recently acquired eight circles, as well as
 upgradation of its existing operations.
 
 - The Cabinet on September 18 decided to restore Punjab cellular
 licence to Bharti Mobile (earlier JT Mobile) and asked it pay the
 outstanding dues of Rs 490 crore in cash. Bharti will also be issued
 licences for all the cellular, basic and national long distance
 services for which it has letters of intent.
 
 - Bharati Enterprises has acquired a dominating controlling majority
 stake of 89.5 per cent in SkyCell Ltd, one of the cellular service
 providers in Chennai.
  
 - The Bharti group will undertake a fresh valuation of Bharti
 Televentures, its holding company for cellular and basic services,
 following the addition of nine fresh cellular and basic circles in
 its
 portfolio. The group is expected to commence the valuation process
 just
 before the company's proposed initial public offering, Akhil Gupta,
 chief financial officer of Bharti Televentures.
 
 - The exact timing of the listing will only be decided after the
 company gets the nod from Sebi, according to company sources.
 Meanwhile, ahead of the IPO, Bharti has decided to issue bonus
 shares
 to the company stakeholders.
 
 - Bharti Enterprises has bagged eight circles for the fourth
 cellular
 slot as the Government today opened the third and final round of
 bids
 following the Madras High Court vacating its stay on the bidding
 process.
 
 - Bharti Enterprises, which had recently acquired the city-based
 cellular service provider SpiceCell, would launch its own brand
 AirTel
 in the Kolkata city in early December.We will launch AirTel brand in
 the city in the first week of December.
 
 2004
 
 - Touchtel, India's first and largest fixed-line telecom service
 provider, has launched digital subscriber line service under the
 Touchtel DSL brandname in Madhya Pradesh and Chhattisgarh.
 
 - Airtel introduces poll update service
Source : Dion Global Solutions Limited
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