Bharti Airtel spurts over 2% on investment plan

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Shares of country's leading telecom operator Bharti Airtel rose over 2 per cent in early trade on Bombay Stock Exchange (BSE) after the company announced to invest USD 125 million more in Gabon to develop the communications network in the central African country.

"Airtel is committed to Gabon and ready to work with the government towards achieving their ICT goals. These include the deployment of a 3G and 4G network, when made available, to help businesses and the youth access world class data services," Manoj Kohli, chief executive for international operations, said in a statement.

Cheering the news, shares of company gained as much 2.39 per cent to trade at Rs 295.50 a piece on the BSE.

In a similar fashion, shares of the company were trading at 291.50 a piece, up 0.93 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,666.27, down 53.02 points or 0.29 per cent at 9:50 hours.

Read more about: bharti airtel
Story first published: Friday, June 21, 2013, 12:34 [IST]
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