Bharti Airtel confirms that the FDI in the company is still under 49%
The Asia BusinessWeek 50 ranks Bharti Airtel as the 13th best performing company in Asia across all sectors.
New Delhi, September 24, 2006 : Bharti Airtel, India’s leading telecom service provider, has been ranked 13th among the best performing Asian companies by the BusinessWeek Magazine in the ‘The Asia BusinessWeek 50’ list. The Asia BusinessWeek 50 is an annual ranking of Asia’s best performing companies across all sectors.
The others in the list include Reliance Industries (17), Infosys (23), China Petroleum & Chemical (25), Yamaha Motor (45) Mitsubishi Corp (53) and Posco (70). The companies were ranked using a combination of financial measures for earnings and sales growth, plus return on assets and other benchmarks. Companies were evaluated over both one year and three year time frames.
Sunil Bharti Mittal, Chairman and Managing Director, Bharti Airtel Limited said, "Getting featured among the Asia’s best companies is a proud moment for all of us. This highlights our relentless pursuit to create a world-class organisation that provides best in class services. It has been made possible by the committed efforts of the entire team at Bharti Airtel."
This is what BusinessWeek said about Bharti Airtel “The company will spend $2 billion on network expansions and marketing to reach underserved markets in rural areas. That's serious money-and a step toward Mittal's broader ambition "to be the most admired brand in India by 2010." Investors already like what they see. Bharti Airtel delivered 30% total shareholder returns in 2005, and a head-turning 493% over the last three years.”
About Bharti Airtel Limited : Bharti Airtel Limited is one of India’s leading private sector providers of telecommunications services with an aggregate of 27.24 million customers as of end of August‘06, consisting of 25.65 million mobile customers. Bharti Airtel has been rated among 10 best performing companies in the world in the BusinessWeek IT 100 list.
Bharti Airtel is structured into three strategic business units - Mobile services, Broadband & Telephone (B&T) services and Enterprise services. The mobile business provides mobile & fixed wireless services using GSM technology across 23 telecom circles. The B&T business provides broadband & telephone services in 92 cities. The Enterprise services provides end to end telecom solutions to corporate customers and national & international long distance services to carriers. All these services are provided under the Airtel brand.
Airtel’s high-speed optic fibre network currently spans over 35,000 kms covering all the major cities in the country. The company has two international landing stations in Chennai that connects two submarine cable systems – i2i to Singapore and SEA-ME-WE-4 to Europe. For more information, visit www.bhartiairtel.in