Airtel seeks govt approval for FDI infusion worth INR4,900cr.
Waiting Eagerly: Telecom major in India, Bharti Airtel is awaiting government approval on a FDI infusion worth INR4,000cr, from Singapore-based Singtel and other foreign entities, a move that would make the country’s oldest private telecom operator a foreign entity. The infusion, if it goes through, will make the country’s oldest private telecom operator a foreign entity.
At present, Bharti Telecom holds around 41% stake in Bharti Airtel while foreign promoter entities hold 21.46%. Public shareholders have around 37% stake in the company. India Today
Meanwhile: An independent cyber security researcher found technical flaws in Airtel App that exposed "sensitive user information". The operator claims to have fixed the flaws now.
"It revealed information like first and last name, gender, email, date of birth, address, subscription information, device capability information for 4G, 3G & GPRS, network information, activation date, user type (prepaid or postpaid) And current IMEI number," noted the cyber security researcher, Ehraz Ahmed. ET Internet
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