Bharti Airtel Wins the ‘Top Treasury Team, Asia’ Award at the Euro Finance Asia Treasury Awards, 2013
International Recognition for Company’s innovative best practices in the area of Funding, Risk and Capital Markets
New Delhi, May 22, 2013: Bharti Airtel, a leading global telecommunications company with operations in 20 countries across Asia and Africa, has won the coveted ‘Top Treasury Team, Asia’ Award at this year’s ‘Euro Finance Treasury Awards for Excellence in Asia’.
The EuroFinance Treasury Awards are widely regarded as the most prestigious in the field of treasury excellence. The award recognized Bharti Airtel’s treasury operations for building a culture of opportunity and for changing the rules on what makes a treasury nimble, efficient and able to anticipate and drive change.
HarjeetKohli, Group Treasurer, Bharti Enterprises Limited, said: “We are pleased to receive the Euro Finance award, which recognizes the diversity and depth of Bharti’s treasury operations. The Company has managed to stay ahead of the curve in a difficult global environment - be it debt diversification, treasury integration globally, risk management centralization and capital markets including the largest IPO in India in 2012 of BhartiInfratel, and debut 144A dollar denominated bonds of 1.5 Bn USD. Such recognition's encourage the team to set new benchmarks.”
The theme for this year’s Euro Finance Treasury Awards was Risk, Return, Reward. The winners were required to demonstrate treasury’s work and ability to spearhead change in the company leading to a more efficient treasury helping the organisation achieve its growth and strategic goals.
EuroFinance is a leading global provider of conferences, training and research on cash management, treasury and risk. Running more than 50 events worldwide, EuroFinance enables treasurers and CFOs to exchange innovative strategies, best practice and expert opinion. Through its in-depth research with over 2,000 corporate treasurers every year, EuroFinance has a unique insight into the trends and developments in cash management and treasury, and an unrivalled global viewpoint. EuroFinance is an Economist Group business.
About Treasury management at Bharti:
Bharti Airtel centrally manages, across 20 countries, financing, capital structure, equity raising, currencies and interest rate risk, stakeholders and investments management.
About Bharti Airtel:
Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had over 272 million customers across its operations at the end of April 2013. To know more please visit, www.airtel.com