Go Back   Wiki NewForum > Money Control Forum

Sponsored Links

Reply
 
Thread Tools Rating: Thread Rating: 1 votes, 5.00 average. Display Modes
  #1  
Old 02-22-2010, 07:19 PM
welcomewiki welcomewiki is offline
Member
 
Join Date: Dec 2008
Location: India
Posts: 36,460
Default Beyond Zain: Bharti has a dozen targets

NEW DELHI: The Bharti Airtel group has a lot more on its agenda than just Zain Telecom where international acquisitions are






concerned.




Sources close to the company confirm that Sunil Bharti Mittal and his team have identified nearly a dozen international acquisition targets MTN, Warid and Zain being just the first three. "The loss of MTN was a big one and it will take far more than Zain or Warid to fulfil Bharti's international ambitions," says an investment banker.

Agrees Kunal Bajaj, managing director of BDA India, a telecom consultancy firm, "Bharti is on the hunt for suitable M&As in Africa, Latin America and Eastern Europe which are hot pockets of growth in telecom" . The irony Mittal is chasing international targets, while international operators like Telenor, Etisalat and Bahrain Telecom are still seeking investment opportunities in India, is not unexplained.

Bharti is left with little choice but to go overseas and in rapid succession . This is because while the company remains India's market leader, the telecom market is in a turmoil with voice revenues, which still constitute over 90% of the total revenue stream, dropping heavily with half paise/second tariff offers . Mobile data revenues are insignificant and unlikely to grow in a substantive fashion. So unlike the west where transition from voice to data for large operators was smooth, India is expected to confront serious pain in the next 36 months.

"The Indian market is presently very tough from a strategic perspective . Clearly, no other service like data or VAS will make up for the rapidly shrinking margins in the voice business for at least 24 months or till consolidation kicks in," says Bajaj.
Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
A Baker's Dozen: Ways to Increase Link Density bholus10 General Discussion 3 11-19-2009 08:01 AM
Business Goals Determine SEO Targets bholus10 General Discussion 1 11-09-2009 09:31 AM
Sarwar Ahuja targets South film industry welcomewiki Television Forums 0 09-01-2009 03:12 PM
Bharti of Bhaskar Bharti unveiled welcomewiki Television Forums 4 05-26-2009 01:27 PM


All times are GMT. The time now is 08:52 AM.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2017, vBulletin Solutions, Inc.