Bharti Airtel enters into a exclusive agreement with Orascom
DSIJ Intelligence / 21 Dec 2016
Bharti Airtel has informed the bourses that it has entered into a definitive agreement with Orascom Telecom Media and Technology Holding S.A.E to acquire Orascom’s entire equity stake in Middle East North Africa Company Submarine Cable Systems S.A.E.(MENA-SCS)
Bharti Airtel has informed the bourses that it has entered into a definitive agreement with Orascom Telecom Media and Technology Holding S.A.E to acquire Orascom’s entire equity stake in Middle East North Africa Company Submarine Cable Systems S.A.E.(MENA-SCS)
MENA-SCS is a 100 per cent subsidiary of Orascom. It owns and operates a submarine cable network between India and Europe covering Middle East, with options to extend the network to Africa. It is a state of the art submarine optic network, capable of carrying Multi Tera bits per second of data speeds.
The stock of the company as on December 21 is trading at Rs 303.40, up by 0.38 per cent. In the last three months, stock has fallen by six per cent. Stock in the last six months has fallen by 16 per cent. Fifty-two-week high/low of the stock stands at Rs 384.90/282.30.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.