Sunil Mittal

If completed, the deal would mark Bharti Telecom’s largest-ever rupee bond sale, according to data compiled by Bloomberg. The company last tapped the local debt market in November 2024, raising Rs 11,150 crore through a six-part issuance.

People aware of the matter said the exclusivity period is currently on and that a formal announcement is expected in the coming weeks. The plan is for the Mittal-Warburg consortium to acquire a 49 percent stake, with Haier retaining another 49 percent and employees holding the remaining 2 percent.

The move assumes significance in the light of 2024 announcement of telecom czar Mittal's conglomerate acquiring 24.5 per cent stake in BT Group for about USD 4 billion to become the single-largest shareholder in Britain's biggest broadband and mobile company.

Haier India may also consider a public listing, although no final decision has yet been taken, Business Standard reported.

Moneycontrol had reported a day before that Sunil Mittal-led promoter entity is looking at a part stake sale in the telecom major.

The UK is entering for a total of €163.3 million, supporting the financing of Eutelsat's growth in the LEO space, while Bharti Space is committing €150 million.

Haier India initiated its commercial operations in January 2004 and is a 100 percent subsidiary of Qingdao, China-headquartered Haier Group, one of the fastest-growing consumer durables companies in the world

Sunil Mittal also urged industry to collaborate with government in co-creating policies, and nudged CII to get more involved in pushing for 'One Nation, One Election' reform.

The Bharti Airtel Ltd. founder has teamed up with private equity firm Warburg Pincus to buy the stake in Haier Appliances

SpaceX submitted the required details for Starlink and agreed to most key conditions to obtain a Global Mobile Personal Communication by Satellite (GMPCS) license and authorisation approval from IN-SPACe, Moneycontrol previously reported.

The statement by the Airtel boss comes days after his call at the Mobile World Congress (MWC) 2025 in Barcelona for the telecom and satellite industries regarding internet expansion.

Sunil Mittal, on receiving the honour, expressed his gratitude, "It is an honour to have received the KBE from King Charles III. 'As India and the United Kingdom continue to chart remarkable scale in our bilateral relations, I acknowledge this recognition

The company may seek bids for the notes due in three to 10 years next week, with the longer end bonds likely offering a coupon of 9%, they said, asking not to be named as the information is not public.

Sunil Mittal explained that a senior finance official in Dubai received a call that used AI-generated audio mimicking his voice, requesting a substantial fund transfer. Fortunately, the official recognised the deception in time and avoided the transaction. After listening to the recording, Mittal admitted he was "stunned" by how closely the AI copy matched his real voice.

Speaking at the India Mobile Conference, Mittal, who heads India's second largest telecom firm Bharti Airtel, said existing telecom companies will take satellite services into the remotest parts

In the next 15-18 months, each and every part of the country will be connected to a very powerful 5G network, says Mittal at India Mobile Congress 2024

Bharti Enterprises Chairman Sunil Mittal, a telecom industry stalwart, exuded confidence about the investment and business prospects of BT.

Bharti is exploring an investment opportunity, leveraging its reasonable cash reserves following the 5G rollout in India and improving financials, analysts say

Mittal's gross remuneration was approximately Rs 16.72 crore in 2022-23, which was in line with HR and Nomination Committee's (HRC) past decision for a downward revision (effective from April 01, 2020).

Mittal said he met Modi in September 2018 when the prime minister told him that his government will play by the book, not side with anyone and will do what is good for the country.