Statement from Bharti Airtel Limited regarding bid for Saudi Arabia Licence

Statement from Bharti Airtel Limited regarding bid for Saudi Arabia Licence

With reference to reports in certain section of the media regarding Bharti’s bid for Saudi Arabia Licence, Bharti Airtel would like to confirm that it is supporting the Saudi led consortium with a minority stake of 15% as stipulated by Communications and Information Technology Commission (CITC). The principal role of Bharti Airtel will be to provide comprehensive management services including negotiation with vendors, roll out of networks, brand building and distribution, setting up management processes and providing training and development under management services Agreement for which Bharti Airtel will get a management fee in addition to reimbursement of all actual costs.

About Bharti Airtel Limited: Bharti Airtel Limited is one of India’s leading private sector providers of telecommunications services with an aggregate of 35.51 million customers as of end of January‘07, consisting of 33.73 million mobile customers. Bharti Airtel has been rated among 10 best performing companies in the world in the BusinessWeek IT 100 list.

Bharti Airtel is structured into three strategic business units – Mobile services, Broadband & Telephone (B&T) services and Enterprise services. The mobile business provides mobile & fixed wireless services using GSM technology across 23 telecom circles. The B&T business provides broadband & telephone services in 94 cities.

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