Bank of India is returning to the asset management industry after a long interval, by buying a 51% stake in Bharti Axa Investment Managers. Bharti Axa is a joint venture between Bharti Ventures and the Axa group. Bharti had decided to exit its financial services joint ventures with Axa, in the insurance and asset management businesses.
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Bharti Airtel outsources Value Added Services to Comviva
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Bharti Airtel has contracted Comviva, a managed services company, to manage its value added services portfolio. Bharti has been the leader in outsourcing crucial functions, changing the way the telecom industry in India operated. Here it seems to have taken a big leap of faith, outsourcing the crucial function of providing value added services. Continue Reading →
Filed under: Companies, Telecom, Top News, Airtel, Atul Bindal, Bharti, Bharti Telesoft, Comviva
Bharti and MTN to join hands; complex deal structure
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The promoters of Bharti Airtel and MTN have agreed upon a merger agreement. This will be a novel deal involving an Indian company and a foreign company, with a consideration involving cash and a share swap. If it succeeds, both companies will hold stakes in each other, with Bharti holding the upper hand with a 49% stake in MTN. Of course, it is paying a stiff price to get that privilege.