Investors and analysts representing the views of 192 mega funds, hedge funds and brokerages determined the winners of this year
New Delhi, December 7, 2004: Bharti Tele-Ventures Ltd. (BTVL), one of the country’s leading telecom conglomerate is India’s best managed company as per the 2004 poll results on Best Managed Companies & Corporate Governance announced by Asiamoney. In the individual rankings on best managed companies in different countries, Bharti is India’s best managed company and is joined by companies like Toyota Motors in Japan, Samsung Electronics in Korea, PetroChina in China and many other leading corporates in Asia.
Asiamoney is one of Asia’s leading finance journals and it conducts these polls as an annual exercise to adjudge the Best Managed Company and the Best Company in Corporate Governance in Asia. This year’s polls had representations from 192 mega funds, hedge funds and brokerages in Asia and they recognised Bharti’s efforts in emerging as one of the top telecom companies in the world.
According to Mr. Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti Enterprises, “This honour is an endorsement of the quality of the management team at Bharti. It is heartening to note that Bharti’s efforts in building an institution is being recognized across the world.”
About Bharti Tele-Ventures:
Bharti Tele-Ventures is one of India’s leading private sector provider of Tele-communications services with an aggregate of 9.84 million customers as of end of October ‘04, consisting of over 9.06 million mobile customers. The company today offers mobile services in 19 out of 23 circles in India. The company also provides fixed - line services and Internet access over DSL in 5 circles. The company complements its mobile and fixed-line services with national and international long distance services. The company also has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore. The company provides reliable end-to-end data and enterprise services to the corporate customers by leveraging its nationwide fibre optic backbone, last mile connectivity in fixed-line and mobile circles, VSATs, ISP and international bandwidth access through the gateways and landing station.
Asiamoney, launched in 1989, is the leading Asia's authoritative monthly financial journal reporting and analyzing the ins-and-outs of the financial and investment markets for capital issuers, borrowers, institutional investors & senior corporate & government monetary decision makers with business interest in the Asia Pacific countries. This financial monthly is the one-point source of very practical financial intelligence for executives in finance, treasury and banking having Asia in their investment and business portfolio.