Elon Musk's Starlink feud with billionaire Mukesh Ambani draws in Sunil Mittal
Elon Musk's public fight with Mukesh Ambani over Starlink's stalled India launch has drawn in Sunil Mittal and an influential Hindu nationalist group.
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Elon Musk's public fight with Mukesh Ambani over Starlink's stalled India launch has drawn in Sunil Mittal and an influential Hindu nationalist group.
Bharti Enterprises founder Sunil Bharti Mittal, whose group controls Airtel Africa, has been named a Chevalier of France's Legion of Honour by Emmanuel Macron.
Elon Musk asked whether Mukesh Ambani is “the real boss of India” after the government denied blocking Starlink, saying all satellite operators await security clearance.
Airtel Money could tap London's markets to buy African fintechs after its £5.3 billion listing on Oct. 14, chief executive Ian Ferrao said.
The Indian telecom group has settled the swap it announced in May, folding a 16.3 percent block of its African unit directly onto its books.
Bharti Airtel's board has approved a $2.9 billion share swap lifting founder Sunil Mittal's stake in Airtel Africa to 79%, with 90% the eventual target.
Sunil Bharti Mittal’s Airtel Africa targets partnerships, AI, and data centers to strengthen the continent’s digital economy.
Airtel Africa has broken ground on a 44-megawatt Nxtra data center at Tatu City, Kenya, to serve enterprises, government agencies, and global cloud providers.
Airtel Africa, led by Indian billionaire Sunil Mittal, posted $1.42 billion in Q1 revenue, driven by mobile money, data growth, and user expansion.
This initiative follows a similar $100 million buyback completed in March 2024, further underscoring Airtel Africa’s commitment to capital reduction and rewarding shareholders.
Telecom giant aims to stabilize costs and enhance sustainability in key African markets.
According to a recent statement by Airtel Africa, the share buyback program will commence immediately, spanning a duration of up to 12 months.
Mittal owns an indirect 3.38-percent stake in the telecom giant.
In comparison to the previous year’s figures, the telecom company’s profit increased by 97.3 percent.
Airtel Africa is a leading provider of telecom and mobile money services in East, Central and West Africa.