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BHARTI AIRTEL LTD. - Bharti Airtel Ltd reply to clarification sought by the exchange
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22 Dec 2014
The Exchange had sought clarification from Bharti Airtel Ltd with respect to news appearing in The Economic Times on December 22, 2014 titled &quot;Huawei Bags 4G Network Deal from Bharti Airtel.&quot;&lt;BR&gt;&lt;BR&gt;Bharti Airtel Ltd replied stating &quot;At the outset we note that this is a routine ordinary course of business transaction that does not have a material or a significant impact on the operations of the Company.&lt;BR&gt;&lt;BR&gt;Kindly note that Bharti Airtel (Airtel) has a long term strategic partnership with Huawei for network equipment for more than a decade. They serve multiple technologies to Airtel including 2G, 3G and TD-LTE across various circles in India. As part of ongoing business requirements, Airtel has engaged with Huawei for supply of base stations and other equipment for its &lt;BR&gt;FD-LTE network in Karnataka and Tamil Nadu Telecom circles.&lt;BR&gt;&lt;BR&gt;In the circumstances, we submit this transaction does not require disclosure under Clause 36 of the Listing Agreement and therefore the details sought by you are not necessitated.&lt;BR&gt;&lt;BR&gt;The Company further confirms that it has not released any specific information pertaining to the news report.&quot;
View all announcements for BHARTI AIRTEL LTD. Source: BSE India