The cellular operator completes India's largest ever private sector corporate equity deal in rupee terms amid a growing rapprochement between the Ambani brothers.
Reliance group buys Bharti's 74% stake in two insurance joint ventures in India, bringing Mukesh Ambani into direct competition with younger brother Anil.
Indian telecom company Bharti Airtel signs definitive agreements to buy the African operations of Zain, in a deal backed by $7.5 billion in debt financing provided by a host of banks led by Standard Chartered and Barclays.
India's Bharti Airtel makes its third attempt in two years to acquire an African business, this time with a $10.7 billion offer for Zain's African operations.
The Bharti-MTN deal requires $5 billion of loans, and the syndication, which is led by Standard Chartered and Barclays Capital, is attracting keen interest from banks.
The leading Indian telecom company proposes a share swap estimated at $23 billion to combine its operations with those of South African telecom major MTN.