Bharti Airtel’s subsidiary - Network i2i has entered into a definitive agreement with Orascom Telecom Media and Technology Holding S.A.E (Orascom) to acquire Orascom’s entire equity stake in Middle East North Africa Company Submarine Cable Systems S.A.E (MENA-SCS). The acquisition is subject to requisite regulatory approvals.
MENA-SCS is a 100% subsidiary of Orascom. MENA-SCS owns and operates a submarine cable network between India and Europe covering Middle East, with options to extend the network to Africa. It is a state-of-the-art submarine optic network capable of carrying Multi Tera bits per second of data speeds.
The proposed acquisition of MENA-SCS is aimed at further strengthening Airtel’s global network that currently runs across 225,000 Rkms, covering 50 countries and 5 continents. The additional capacity will enable Airtel to serve the growing demand for data services and enterprise services across its footprint of 18 countries across South Asia and Africa.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1834.30 |
| Vodafone Idea | 11.26 |
| Indus Towers | 410.55 |
| Tata Communications | 1576.60 |
| Bharti Hexacom Ltd. | 1496.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: