Keep buying on Bharti Airtel with a target price of Rs 1035. The company is a market leader with a market share of all India wireless subscribers at 23.8% as at FY08 end (22.4% last year). The enterprise services division provides carrier (long distance services) and other services to corporate clients. Bharti has completed acquisition of a 100% stake in the i2i cable system connecting India to Singapore for USD 110 million. It has also won the license to offer 2G and 3G services as the fifth mobile operator in Sri Lanka. This is in line with its corporate strategy of expanding operations in high growth emerging markets.
Tuesday, June 17, 2008
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment