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DoT releases ownership details of the applicants for participation in the 2022 spectrum auction
The mock auction for spectrum 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHZ, 2500 MHz, 3300 MHz & 26 GHz bands will be held on July 22-23, 2022.
The Department of Telecommunications (DoT) has confirmed the final list of bidders as Reliance Jio Infocomm Limited, Vodafone Idea Limited, Bharti Airtel Limited, and Adani Data Networks Limited. Neither of the four applicants has backed out of the auction as per DoT. July 20 was the last date for the withdrawal of applications.
The much-awaited spectrum auction will be held later this month on July 26.
Details of Promoters/Partners/ Shareholders in the Company:
S. No. | Name of Promoter/ Partner/ Shareholder | Indian/ Foreign | Equity Percentage | Net Worth (As on Date) | Net Worth (As per last audited statement) | Paid-up capital | Whether it is to be counted for calculating the net worth towards the Eligibility for bidding (Yes/No) |
1 | Adani Enterprises Limited | Indian | 100% | Rs. 4730.66 Crore (As on 31 March 2022) | Rs. 4730.66 Crore as at 31 March 2022 | Rs. 114.00 Crore | Yes |
2 | Individuals [In all 6 and all being Nominees of Adani Enterprises Limited] | Indian | 0% (10 share each, as Nominee) | NA | NA | NA | NO |
Equity Details
Indian 100%
Foreign Nil
Total 100%
Type of the License (UASL/UL) | LSA | Name of the Company |
Not Applicable | Not Applicable | Not Applicable |
The Applicant Company is a New Entrant
List of telecom service license(s) held by the Applicant and its allies/sister concerns/partners, if any, and their present status:
Type of the License (Basic Cellular/ (UASL/UL/ Paging/ NLD/ ILD/ ISP etc.) and LSA | Name of the Company | Status whether operative/ surrendered/ Terminated |
Not Applicable | Not Applicable | Not Applicable |
Adani Data Networks Ltd. has been issued Letter of Intent bearing no. 20-1327/2022-AS-1 dated 28 June 2022 by Department of Telecommunications for grant of Unified License with authorisation of ILD (National Area), NLD (National Area) and ISP-B for Gujarat Circle.
Reliance Jio Infocomm. Ltd.
Shareholding details of applicant/Group bidding entity and shareholding details of associated Licensees that have nominated the applicant as Group Bidding entity.
I. Net worth: Rs. 1,97,790.00 Crores (as on 31.03.2022)
II. Paid Up capital Rs. 1,54,125.00 Crore (as on 31.03.2022)
Details of Promoters/ Partners/ Shareholders in the Company:
S. No. | Name of Promoter / Partner / Shareholder | Indian / Foreign | Equity Percent age | Net Worth (As on date) (As on 31st March 2022) | Net Worth (As per last audited statement) (As on 31st March 2022) | Paid up capital | Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No) | |||||||||
Promoters | ||||||||||||||||
1. | Jio Platforms Limited* | Indian Company | 100.00% | 2,06,748.23 | 2,06.748.23 | 8,939.03 | No | |||||||||
Other Shareholders | ||||||||||||||||
2. | Nil | |||||||||||||||
Total | 100% | |||||||||||||||
Equity Details
Indian ……………………………… 100%
Foreign……………………………. Nil
Total ………………………………. 100%
List of UASL/UL licence(s) held by the Applicant and its Associated Licensees.
Type of the Licence (UASL/UL) | LSA | Name of the Company |
Unified License No. 20-401/2014 (AS-I) Dated 21.10.2013 with authorization for provision of all services (except GMPCS) | All Service Areas | Reliance Jio Infocomm Limited |
List of telecom service licence(s) held by the Applicant and its allies/sister concerns/partners, if any, and their present status:
Type of the Licence (Basic Cellular/ UASL/Ul/ Paging/ NLD/ ILD/ ISP etc.) and LSA | Name of the Company | Status whether operative/ surrendered/ Terminated |
Unified License with Authorisation for provision of all services (except GMPCS) for all LSAs | Reliance Jio Infocomm Limited | Operative |
VSAT CUG Domestic Data Network Service Provider | Infotel Satcom Private Limited | Operative |
Unified License with Authorisation for provision of National Long Distance Services | Jio Satellite Communications | Operative |
Vodafone Idea Ltd.
Shareholding details of applicant/Group bidding entity and shareholding details of associated Licensees that have nominated the applicant as Group Bidding entity.
Net worth and Paid Up capital of the applicant Company (as on 31 March 2022)
Net-worth-Negative : (-) Rs. 80,918 crores
Paid-up capital : Rs. 32,119 crores
Details of Promoters/ Partners/ Shareholders in the Company:
S. No. | Name of Promoter/ Partner/ Shareholder | Indian/ Foreign | Equity Percentage
(As on 31.03.2022) |
Net Worth
(As on date) (31.03.22) (Rs. Crore) |
Net Worth (As per last audited statement)
(31.03.22) (Rs. Crore) |
Paid-up capital
(As on 31.03.2022)
(Rs. Crore) |
Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No) |
Promoters | |||||||
Aditya Birla Group | |||||||
1. | Grasim Industries Ltd. | Indian | 10.33 | 48,616 | 48,616 | 132 | No |
2. | Hindalco Industries Ltd. | Indian | 2.34 | 54,428 | 54,428 | 222 | Not Applicable |
3. | Birla TMT Holdings Pvt. Ltd. | Indian | 1.10 | (823) | (823) | 427 | Not Applicable |
4. | Pilani Investment and Industries Corporation Limited | Indian | 0.34 | 1,819 | 1,819 | 11 | Not Applicable |
5. | IGH Holdings Pvt. Ltd. | Indian | 1.27 | 8,992 | 8,992 | 317 | Not Applicable |
6. | Elaine Investments PTE Ltd. | Foreign | 2.68 | 290 | 290 | 5,462 | Not Applicable |
7. | Oriana Investments PTE Ltd. | Foreign | 9.32 | 2,893 | 2,893 | 6,089 | Not Applicable |
8. | Mr. Kumar Mangalam Birla | Indian | 0.00 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Vodafone Group | |||||||
9. | Euro Pacific Securities Ltd. | Foreign | 16.08 | 3,251 | 3,251 | 3,252 | No |
10. | Vodafone Telecommunications (India) Limited | Foreign | 5.06 | 1,545 | 1,545 | 2,093 | Not Applicable |
11. | CC II Mauritius INC | Foreign | 1.39 | 409 | 409 | 554 | Not Applicable |
12. | Omega Telecom Holdings Private Limited | Foreign | 0.87 | 4,088 | 4,088 | 802 | Not Applicable |
13. | Trans Crystal Ltd. | Foreign | 4.55 | 1,341 | 1,341 | 1,813 | Not Applicable |
14. | Mobilvest | Foreign | 5.22 | 1,537 | 1,537 | 2,053 | Not Applicable |
15. | Prime Metals Ltd. | Foreign | 8.58 | 2,757 | 2,757 | 3,465 | Not Applicable |
16. | Asian Telecommunications Investments (Mauritius) Limited | Foreign | 3.05 | 1,142 | 1,142 | 1,463 | Not Applicable |
17. | Usha Martin Telematics Limited | Foreign* | 0.28 | 292 | 292 | 198 | Not Applicable |
18. | Al – Amin Investments Ltd. | Foreign | 2.53 | 745 | 745 | 1,009 | Not Applicable |
Promoters Total | 74.99 | ||||||
Institutional Holding | |||||||
19. | Mutual Fund / Alternate Investment Funds | Indian | 1.41 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
20. | Financial institutions / Banks | Indian | 0.01 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
21. | Insurance Companies | Indian | 0.29 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
22. | Foreign Portfolio Investors | Foreign | 3.57 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Institutional Holding Total | 5.28 | ||||||
Non-Institutional Holding | |||||||
23. | Non-Resident Indians | Foreign | 0.55 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
24. | Others | Indian | 0.33 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
25. | Bodies Corporate | Indian | 1.62 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
26. | Retail Individuals | Indian | 17.23 | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Non-Institutional Holding Total | 19.73 | ||||||
Total | 100 |
# Foreign Owned and Controlled Indian Companies
Equity details
Indian : 36.27%
Foreign :63.73%
Total :100.00%
List of UASL / UL licence(s) held by the Applicant and its Associated Licensees.
Types of the License (UASL/UL) | LSA | Name of the Company |
UL | Andhra Pradesh | Vodafone Idea Limited |
UL | Assam | Vodafone Idea Limited |
UL | Bihar | Vodafone Idea Limited |
UL | Delhi | Vodafone Idea Limited |
UL | Gujarat | Vodafone Idea Limited |
UL | Haryana | Vodafone Idea Limited |
UL | Himachal Pradesh | Vodafone Idea Limited |
UL | Jammu & Kashmir | Vodafone Idea Limited |
UL | Karnataka | Vodafone Idea Limited |
UL | Kerala | Vodafone Idea Limited |
UL | Kolkata | Vodafone Idea Limited |
UL | Madhya Pradesh | Vodafone Idea Limited |
UL | Maharashtra | Vodafone Idea Limited |
UL | Mumbai | Vodafone Idea Limited |
UL | North East | Vodafone Idea Limited |
UL | Odisha | Vodafone Idea Limited |
UL | Punjab | Vodafone Idea Limited |
UL | Rajasthan | Vodafone Idea Limited |
UL | Tamil Nadu | Vodafone Idea Limited |
UL | Uttar Pradesh (West) | Vodafone Idea Limited |
UL | Uttar Pradesh (East) | Vodafone Idea Limited |
UL | West Bengal | Vodafone Idea Limited |
Since Vodafone Idea Limited has UL across 22 LSAs, no undertaking for acquiring UL is necessary.
List of telecom service license(s) held by the Applicant and its allies/ sister concerns/ partners.
Type of the License (Basic Cellular / UASL/UL/ Paging/ NLD/ ILD/ ISP etc.) and LSa | Name of the Company | Status whether operative/ Surrendered/ Terminated | |
UL | Andhra Pradesh | Vodafone Idea Limited | Operative |
UL | Assam | Vodafone Idea Limited | Operative |
UL | Bihar | Vodafone Idea Limited | Operative |
UL | Delhi | Vodafone Idea Limited | Operative |
UL | Gujarat | Vodafone Idea Limited | Operative |
UL | Haryana | Vodafone Idea Limited | Operative |
UL | Himachal Pradesh | Vodafone Idea Limited | Operative |
UL | Jammu & Kashmir | Vodafone Idea Limited | Operative |
UL | Karnataka | Vodafone Idea Limited | Operative |
UL | Kerala | Vodafone Idea Limited | Operative |
UL | Kolkata | Vodafone Idea Limited | Operative |
UL | Madhya Pradesh | Vodafone Idea Limited | Operative |
UL | Maharashtra | Vodafone Idea Limited | Operative |
UL | Mumbai | Vodafone Idea Limited | Operative |
UL | North East | Vodafone Idea Limited | Operative |
UL | Orissa | Vodafone Idea Limited | Operative |
UL | Punjab | Vodafone Idea Limited | Operative |
UL | Rajasthan | Vodafone Idea Limited | Operative |
UL | Tamil Nadu | Vodafone Idea Limited | Operative |
UL | Uttar Pradesh (West) | Vodafone Idea Limited | Operative |
UL | Uttar Pradesh (East) | Vodafone Idea Limited | Operative |
UL | West Bengal | Vodafone Idea Limited | Operative |
NLD | All India | Vodafone Idea Limited | Operative |
ILD | All India | Vodafone Idea Limited | Operative |
ISP (Category-A) | All India | Vodafone Idea Limited | Operative |
ISP (Category-B) | Karnataka | Vodafone Idea Limited | Terminated (Post Expiry) |
ISP (Category-B) | Punjab | Vodafone Idea Limited | Terminated (Post Expiry) |
UL – ISP (Category-A) | All india | YOU Broadband India Limited [Refer Note (i) below] | Operative |
You Broadband India Limited is a wholly-owned subsidiary of the Company
Bharti Airtel Limited
Net worth: Rs. 75,886.8 Crores (As on 31st March 2022)
Paid Up capital : Rs. 2,795 Crores (As on 31st March 2022)
Details of Promoters/ Partners/ Shareholders in the Company:
S.No. | Name of Promoter/ Partner/ Shareholder | Indian / Foreign | Equity Percentage | Net worth As on date (Rs. Crore) | Net Worth as per last audited statement (Rs. Crore) | Paid up Capital (Rs. Crore) | Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No) |
1 | Bharti Telecom Limited (Promoter) | Indian | 35.85% | 8535.41* | 8564.55* | 2582.31 | No |
2 | Other [including Bodies corporates, Banks/Mutual Funds/IFI(s)/Resident Individuals/HUF/ Director(s)/ Others/, employee Welfare Trust/Trust(s), Clearing Members, etc.] (Shareholders) (Refer Note 2 below) | Indian | 22.89% | Not Applicable | Not Applicable | Not Applicable | No |
3 | Pastel limited* (Promoter Group) | Foreign | 13.84% | 12797.05* | 12142.05* | 7137.46 | No |
4 | Indian Continent Investment Limited (ICIL) (Promoter Group) | Foreign | 6.04% | Not Applicable | Not Applicable | Not Applicable | No |
5 | Viridian Limited | Foreign | 0.20% | Not Applicable | Not Applicable | Not Applicable | No |
6. | Others [Including Foreign Companies/ Foreign Individuals/ NRI’s/FII/ FPI] (Shareholders) (Refer Note 2 below) | Foreign | 21.18% | Not Applicable | Not Applicable | Not Applicable | No |
- Bharti Telecom Limited is promoter of Bharti Airtel Limited
- Postel Limited is a member of Pramoter Group of Bharti Airtel limited in accordance with Regulation 2(1)(t) of the SEBI (Substantial Acquisition of Shares and Tekeover) Regulations, 2011 read with Regulation 2(1)(pp) of the SEBI (Issue of Capital and Disclosure Requirement) Regulation 2018 and is neither Pramoter nor a person acting in concert with Promoter, Bharti Telecom limited, under Regulation 2(1)(a) of the SEBI (Substation Acquisition of Shares and Tekeovers) Regulations, 2011.
- Indian Continent Investment Limited is person acting in concert with Bharti Telecom Limited, Promoter of Bharti Airtel Limited.
- Viridian Limited is person acting in concert with Post of Limited, member of Promoter Group of Bharti Airtel Limited as mentioned above.
- Net worth & Paid-up Capital of the Company has been converted from USD to Rupees @ Rs. 79,3320 per dollar (Rate as per RBI on July 06, 2022)
- Net worth as on 31st March, 2022
- Net worth as on 30th June, 2022
- Net worth as on March 31, 2022
- Net Worth as on March 31, 2021
Note:
- All equity percentage mentioned above are as on June 30, 2022 (as per records of the company)
- No Individual person holds more than 5% of the total equity capital through a single PAN.
- Paid up capital and Net worth of Bharti Airtel Limited are sufficient to meet the minimum Paid up capital and net worth requirements as prescribed in the Notice inviting Application. Accordingly, the net worth of the promoters/ partners/ shareholders is not to be counted for calculating the net worth towards the eligibility for bidding.
- The Company has entered into an agreement to issue equity shares to Google International LLC (“Google”) on a preferential basis. The said preferential allotment has been approved by the members of the Company vide resolution dated February 26, 2022. The Company has received necessary approval from Competition Commission of India and is in process of allotting the equity shares.
Equity Details
Indian: 58.74%
Foreign: 41.26%
Total: 100%
List of UASL/UL license(s) held by the Applicant and its Associated Licensees.
Type of the Licence (UASL/UL) | LSa | Name of the Company |
UL-Access Service Authorization | 1. Andhra Pradesh
2. Delhi 3. Gujarat 4. Haryana 5. Himachal Pradesh 6. Karnataka 7. Kerala 8. Kolkata 9. Maharashtra 10. Madhya Pradesh 11. Mumbai 12. Punjab 13. Tamil Nadu 14. Uttar Pradesh (West) |
Bharti Airtel Limited |
UL – Access Service Authorization | 1. North East
2. Rajasthan |
Bharti Hexacom Limited |
UASL | 1. Assam
2. Bihar 3. Jammu & Kashmir 4. Orissa 5. Uttar Pradesh (East) 6. West Bengal |
Bharti Airtel Limited |
Ownership details of each of the Associated Licensees establishing the shareholding of the Common Parent in each of the Associated licensees.
S. No. | Name of Promoter/ Partner/ Shareholder | Indian/
Foreig |
Equity Percentage | Net worth (As on date) (Rs. Crore) | Net worth (As per last audited statement) (Rs. Crore) | Paid-up capital (Rs. Crore) | Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No) |
1. | Bharti Airtel Limited (Shareholder) (Common Parent) | Indian | 70% | 75886.8* | 75886.85 | 27954 | No |
2. | Telecomm unications Consultants India Limited- (Shareholder) | Indian | 30% | 611.19** | 611.19* | 59.20^ | No |
List of telecom service license(s) held by the Applicant and its allies/sister concerns/ partners.
S. No. | Type of the License (Basis Cellular/ UASL/ UL/ Paging/ NLD/ ILD/ ISP etc.) and LSA | Name of the company | Status whether operative/ surrendered/ Terminated |
1 | UL – Access Service Authorisation for Andhra Pradesh | Bharti Airtel Limited | Operative |
2 | UL – Access Service Authorisation for Delhi | Bharti Airtel Limited | Operative |
3 | UL – Access Service Authorisation for Himachal Pradesh | Bharti Airtel Limited | Operative |
4 | UL – Access Service Authorisation for Karnataka | Bharti Airtel Limited | Operative |
5 | UL – Access Service Authorisation for Kolkata | Bharti Airtel Limited | Operative |
6 | UL – Access Service Authorisation for Punjab | Bharti Airtel Limited | Operative |
7 | UL – Access Service Authorisation for North East | Bharti Airtel Limited (Subsidiary) | Operative |
8 | UL – Access Service Authorisation for Rajasthan | Bharti Airtel Limited (Subsidiary) | Operative |
9 | UL – Access Service Authorisation for Gujarat | Bharti Airtel Limited | Operative |
10 | UL – Access Service Authorisation for Haryana | Bharti Airtel Limited | Operative |
11 | UL – Access Service Authorisation for Kerala | Bharti Airtel Limited | Operative |
12 | UL – Access Service Authorisation for Madhya Pradesh | Bharti Airtel Limited | Operative |
13 | UL – Access Service Authorisation for Maharashtra | Bharti Airtel Limited | Operative |
14 | UL – Access Service Authorisation for Mumbai | Bharti Airtel Limited | Operative |
15 | UL – Access Service Authorisation for Tamil Nadu Incl. Chennai | Bharti Airtel Limited | Operative |
16 | UL – Access Service Authorisation for UP (West) | Bharti Airtel Limited | Operative |
17 | UASL – ASSAM | Bharti Airtel Limited | Operative |
18 | UASL – Bihar | Bharti Airtel Limited | Operative |
19 | UASL – Jammu & Kashmir | Bharti Airtel Limited | Operative |
20 | UASL – Orissa | Bharti Airtel Limited | Operative |
21 | UASL – UP (East) | Bharti Airtel Limited | Operative |
22 | UASL – West Bengal | Bharti Airtel Limited | Operative |
23 | UL – ILD (National Level) | Bharti Airtel Limited | Operative |
24 | UL – NLD (National Level) | Bharti Airtel Limited | Operative |
25 | UL – ISP Authorisation (Category A – National Area) | Bharti Airtel Limited | Operative |
26 | Authorization Certificate for In-Flight and Maritime Connectivity (IFMC) Service (National Service Area) | Bharti Airtel Limited | Operative |
27 | Authorization Certificate for In-Flight and Maritime Connectivity (IFMC) Service (National Service Area) | Indo Teleports Limited | Operative |
28 | UL – VNO ISP Authorisation (Category A – National Area) | Bharti Airtel Limited | Operative |
29 | UL – VNO ILD (National Level) | Bharti Airtel Limited | Operative |
30 | UL – VNO NLD (National Level) | Bharti Airtel Limited | Operative |
31 | UL – VNO VSAT Authorisation (National Area) | Bharti Airtel Limited | Operative |
32 | UL – VNO Resale of IPLC (National Area) | Bharti Airtel Limited | Operative |
33 | ISP | Bharti Airtel Limited (erstwhile ABSPL i.e. Airtel Broadband Services Private Limited)1 | Operative |
34 | UL – ISP Authorisation (Category A – National Area) | Bharti Airtel Limited (erstwhile BDNPL i.e. Bharti Digital Networks Private limited)2 | Operative |
35 | UL – Access Service Authorisation for Rajasthan | Bharti Airtel Limited (erstwhile BDNPL i.e. Bharti Digital Networks Private Limited) 2 | Operative |
36 | ILD (National Area) | SingTel Global (India) Private Limited 3 | Operative |
37 | NLD (National Area) | SingTel Global (India) Private Limited 2 | Operative |
38 | UL – VNO ISP Authorisation (Category A – National Area) | SingTel Global (India) Private Limited 2 | Operative |
39 | UL – CUG VSAT Authorisation (National Area) | Hughes Communications India Limited4 | Operative |
40 | UL – NLD (National Level) | Hughes Communications India Limited4 | Operative |
41 | UL – ISP Authorisation (Category A – National Area) | Hughes Communications India Limited4 | Operative |
42 | Authorization Certificate for In-Flight and Maritime Connectivity (IFMC) Service (National Service Area) | Hughes Communications India Limited4 | Operative |
43 | UL – VNO ISP Authorisation (Category A – National Area) | Hughes Communications India Limited4 | Operative |
44 | UL – VNO VSAT Authorisation (National Area) | Hughes Communications India Limited4 | Operative |
45 | UL – NLD (National Level) | OneWeb India Communications India Private Limited5 | Operative |
46 | UL – GMPCS (National Level) | OneWeb India Communications India Private Limited5 | Operative |
On 11th April 2014, the Hon’ble High Court Bombay had sanctioned the scheme of amalgamation of Airtel Broadband Services Pvt. Limited (ABSPL) with Bharti Airtel Limited (Airtel). DoT vide its letter no. AS-21/1/2014-US (AS-V) dated 2nd February 2015, granted in-principle approval for taking on record the merger of the ISP License held by ABSPL holding access spectrum in 2300 MHz band in the LSAs of Delhi, Mumbai, Haryana and Kerala, with the Unified License/Unified Access Services (USA) License of Airtel in the respective LSAs, subject to fulfilment of conditions as stipulated in the said Approval letter. Certain conditions of the DoT in-principle approval letter were challenged by Airtel and ABSPL before the Hon’ble TDSAT vide TP No. 56 of 2015, wherein Hon’ble TDSAT vide interim order dated 9th February 2015 stayed/modified the impugned conditions, while permitting Airtel to operationalize the spectrum and directed DoT to take the merger on record. Subsequently, Airtel vide its letter no. RP/FY 14-15/037/092 dated 11th February 2015, filed its compliance with the conditions and requested DoT to take the merger on record. Thereafter, DoT vide its letter no. AS-21/1/2014-US (AS-V) dated 12th March 2015 and AS-21/1/2014-US (AS-V) dated 20th April 2015, permitted Airtel & ABSPL to proceed further in terms of the Hon’ble TDSAT’s interim order dated 9th February 2015 in TP no. 56 of 2015. The Hon’ble TDSAT, vide its judgment dated 19th March 2020 and 31st July, 2020 (“TDSAT Judgments”) quashed/ modified the impugned conditions and directed the DoT to take the merger on record. DoT has filed an appeal against the Hon’ble TDSAT Judgments and the same are pending adjudication.
M/s. Pastel Limited (which is holding more than 10% equity share in Bharti Airtel Limited) and M/s. SingTel Global (India) Private Limited (SGIPL) are the subsidiary companies of M/s. Singapore Telecommunications Limited. Since, SGIPL holds telecom licenses in India, we are providing the details of their licenses as an abundant cautions.
As on 31st March 2022 Bharti Airtel Limited holds 33.33% of equity share in Hughes Communications India Private Limited (‘Hughes’). Since Hughes also holds telecom licenses in India, we are providing the details of their licenses as an abundant caution.
As on 31st March 2022, Bharti Airtel Limited through Nettle Infrastructure Investments Limited holds 100% equity shares of M/s OneWeb India Communications Private Limited (‘OneWeb’). Since OneWeb also holds telecom licenses in India, we are providing the details of their licenses as an abundant caution.
CT Bureau
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