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    Bharti Tele-Ventures inducts five new independent Directors on its board

    Strategic move designed to make Bharti Televentures one of India’s finest companies across industry sectors

    New inductees amongst industry leaders from around the world & India. 

     

    Strategic move designed to broadbase corporate expertise at the board level.
    New inductees a fine blend of global telecom and Industry experience 
    Move to further strengthen core area of corporate governance

     

     

     

     

    New Delhi, December 16, 2001: Bharti Tele-Ventures, India’s leading private sector telecom services provider, announced the induction of five new independent directors into the board. The company announced the induction of Mr P M Sinha, President & CEO of Pepsi, Mr N Kumar, Vice-Chairman of the Sanmar Group and former CII President, Mr  Wong Hung Khim, Group Chairman and Chief Executive Officer of DelGro Group of Companies, Singapore, Mr. Pulak Prasad, Managing Director, E.M. Warburg, Pincus & Co.(Singapore) Pte. Ltd. and Mr Donald Cameron, former Director (New Ventures), British Telecom, now on the board of SFR France and a leading mobile operator in Spain.


    This is in addition to the existing board members – Mr. Sunil Bharti Mittal, Mr. Rajan Bharti Mittal, Mr. Rakesh Bharti Mittal, Mr. Akhil Gupta, Mr. Dalip Pathak, Mr. Sin Hang Boon , Mr. Lim Toon,  Ms. Chua Sock Koong, Mr. Bashir Currimjee, Mr. Ravi Akhoury.


    The induction of these independent directors will bring to Bharti Televentures a wealth of experience from industries as varied as FMCG, finance and global telecom. These highly respected corporate leaders have a formidable reputation as industry statesmen.   

    According to Mr. Sunil Bharti Mittal Chairman and Group Managing Director, Bharti Enterprises, “We welcome the new independent directors, who come into Bharti with their vast wealth of professional expertise.  As an ongoing exercise of improving Corporate Governance, which we take tremendous pride in, we have inducted the new Directors on the Board of Bharti Tele-Ventures Limited. Bharti has been an enterprise driven by vision, with a focus on providing customer value and bringing the highest quality of marketing acumen. These corporate leaders  will help us to further focus sharply on shareholder value, guide us in ensuring the best of corporate governance and assist us in making Bharti a company that is managed by leading edge, world class values, processes and practices.” 
       

          New inductees amongst industry leaders from around the world & India.

     

          New inductees bring in varied experience of global telecom, FMCG and 
            Finance.

     

    Mr. P M Sinha is President of Pepsi-Cola Company South Asia Business Unit. He is also Chairman of PepsiCo India Holdings Ltd and President of Pepsi Foods Ltd. Prior to joining Pepsico in 1992, Mr Sinha was on the Executive Board of Directors of Hindustan Lever from October 1981. He was also Chairman of Stepan Chemicals Ltd between 1990 and 1993, and on the Boards of Brooke Bond India Ltd; Lipton India Ltd., Indexport Ltd and Lever Nepal Ltd.


    Mr N Kumar, is the Vice-Chairman of the Sanmar Group. Sanmar operates in diverse areas such as chemicals, thermoplastic resins, cement, shipping, engineering, electronics, footwear, financial services, property development, etc. An active spokesman of Industry and Trade, Mr N Kumar was the President of confederation of Indian Industry, a leading industrial body, and participated in various other apex bodies. 


    Mr Wong Hung Khim is the Group Chairman and Chief Executive Officer of DelGro Group of Companies. Mr. Wong was the head of the Port of Singapore Authority between 1979 and 1987 during which time Singapore grew to become the world’s busiest port in terms of shipping tonnage. Mr. Wong was appointed the first President and CEO of SingTel. . He was Deputy Chairman of Singapore Telecommunications from 28 March 1992 to 25 September 2000. In recognition of his outstanding achievements in public service, Mr. Wong was awarded the Meritorious Service Medal in 1992. 


    Mr Donald Cameron has over 32 years of experience in the petroleum industry and telecommunication industry. He served British Telecom as Director (New Ventures) when its mainstream wireless division was established in 1997 to accelerate international mobile growth as the principal new business area of British Telecom. He was associated with various overseas joint ventures of British Telecom in mobile business and was Head of mobile for Asia Pacific in 1998.  

    Mr. Pulak Prasad is a Managing Director at Warburg Pincus, and he is responsible for the technology and telecom related investments in South East Asia, Australia and India. Prior to this, he was a management consultant with McKinsey & Company in India, the US and South Africa. At McKinsey, he worked mainly with financial services companies and technology companies.

     

     

    About Bharti Tele-Ventures



    Bharti Tele-Ventures, a company promoted by the Bharti Telecom, is India’s leading provider of telecommunications services (cellular, fixed line, V-SAT and Internet services). Bharti Tele-Ventures intends to expand the range of telecommunications services to provide national long distance services and broadband solutions. The operations of Bharti Tele-Ventures are segmented into four 100% owned companies: Cellular - Bharti Cellular, Access - Bharti Telenet, Long Distance - Bharti Telesonic, Broadband Solutions -Bharti Broadband Networks.


    Bharti Tele-Ventures had an aggregate subscriber base of approximately 1,275,000 as of September 30, 2001, comprising of 983,000 cellular, 128,000 fixed line and 164,000 internet access subscribers. Bharti Tele-Ventures, a holding company, has the largest cellular footprint in India, with its existing six and nine additional circles, covering 92% of the India’s present cellular subscribers. Cellular services currently constitute the largest portion of Bharti Tele-Ventures’ business in terms of revenues and the Company expects this to continue in the foreseeable future.


    Bharti Tele-Ventures has entered into licenses for four fixed-line circles in addition to existing operations in Madhya Pradesh. Since starting operations in 1996, BTVL has also concluded four mergers and acquisitions, including the first three deals in the telecommunications services sector (purchase of equity interests in Andhra Pradesh, Karnataka, Chennai and Kolkata circles). Its pan-India footprint covers the major telecommunications circles in India.

    Bharti Tele-Ventures has been at the forefront of technology with its world-class products and services. Established in 1995, Bharti has been a leading player in the telecom sector with many firsts to its credit.


    Bharti has always believed in creating strong partnerships with its joint venture partners. Today SingTel, Singapore and Warburg Pincus, USA are Bharti’s lead joint venture partners.


    Bharti’s other joint venture partners include Telia of  Sweden, AIF Funds Management Ltd., Mauritius, International Finance Corporation, USA and New York International, USA.


    Bharti has many firsts to its credit, ranging from being the first cellular service in Delhi,. and first private operator to launch of India’s first private sector fixed line service in the state of Madhya Pradesh, which is today India’s largest private basic telephone service.


    AirTel, the mobile service brand from Bharti has defined the cellular business through continuous marketing and technological innovations, consistently setting new benchmarks for the Indian mobile industry. AirTel has the unique distinction of being chosen India’s best cellular service four years in a row by receiving the Techies award in 1997, 1998, 1999 and 2000.


    The most significant development in Bharti’s growth drive has been its recent wins in the 4th cellular licence bidding process. Bharti has today emerged as India’s largest mobile services company with a footprint that spans across 15 states, 1.8 million sq. k.m. covering 593 million people. Bharti plans to offer nationwide broadband and long distance services in addition to providing world-class fixed line services in Delhi, Haryana, Karnataka, Tamil Nadu and Madhya Pradesh. Today Bharti’s telecom services footprint encompasses the entire telecom value chain and runs from Himachal Pradesh in the north to Tamil Nadu in the south, from Mumbai in the west to Kolkata in the east. Today, Bharti is India’s leading telecom services company in the private sector.

    Bharti also manufactures and exports telephone terminals and cordless phones.