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<ul><li><keyword id="16117" type="General" weightage="80" keywordseo="singtel" source="Orion">Singtel</keyword> has entered into an agreement with <keyword id="15491" type="General" weightage="100" keywordseo="airtel" source="Orion">Airtel</keyword> promoter <keyword id="53779" type="General" weightage="80" keywordseo="bharti-telecom" source="Orion">Bharti Telecom</keyword> to buy 3.3% stake in Airtel for $1.6 billion.</li><li>The Singapore-based telecom major has been an Airtel shareholder for over two decades now.</li><li>Airtel shares surged in early trade, as did Singtel’s in its home market, Singapore.</li></ul><keyword id="6406583" type="General" weightage="80" keywordseo="bharti" source="Orion">Bharti</keyword> Telecom has entered into an agreement with Singapore-based Singtel to acquire a 3.33% stake in Airtel for $1.6 billion (approx. ₹12,800 crore), according to an exchange filing today. Bharti Telecom is one of the promoters of <keyword id="6354287" type="General" weightage="50" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword>, led by <keyword id="6358599" type="General" weightage="50" keywordseo="sunil-mittal" source="Orion">Sunil Mittal</keyword>. However, Singtel too is a shareholder of the promoter arm. Airtel’s shares surged over 1.2% in early trade today (August 25), while the benchmark Nifty50 index was up 0.4%. Singtel shares also rose nearly 2% in its home market, Singapore. <div type="image" title="Airtel 01_04_22 to 25_08_22." msid="93768047" hostid="261" caption="&amp;lt;p&amp;gt;Airtel share price in FY23&amp;lt;/p&amp;gt;"></div> “Singtel and its affiliates have entered into an agreement to transfer 3.33% shares to BTL for an aggregate amount of approx SGD 2.25 billion, leaving direct shareholding of Singtel and Bharti in Airtel at 10% and 6% respectively,” Bharti Telecom said in an exchange filing. Singtel has been an Airtel shareholder for over two decades now. <div type="Article" hostid="261" msid="93499353" title="Jio, Airtel could emerge stronger weakening Vodafone Idea further, say analysts" mstype="2" mssubtype="0"></div> Singtel’s decision to pare some of its stake in India’s second largest telco is part of a pivot to refine its focus on its core businesses. The company intends to use the proceeds from this sale towards 5G and other growth initiatives in its home market. The Sunil Mittal family holds a 50.56% stake in Bharti Telecom, with Singtel owning the rest 49.44%. This promoter arm held a 35.85% stake in Bharti Airtel – before the deal. Prior to the sale, the Mittals held a 24.13% stake in Bharti Airtel, while Singtel’s stake stood at 31.72%. After the sale, Singtel’s shareholding in Bharti Airtel will be down to 29.7%, worth a little over $15.8 billion (approx. ₹1.26 lakh crore). Once the sale is complete, the Mittal family’s stake in Airtel will be a little over 25%, thanks to their stake in Bharti Telecom. <div type="javascript" title="Custom" contenttype="Text"><cdata><![CDATA[]]></cdata></div> SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/this-financial-metric-explains-how-the-indian-economy-will-take-some-time-before-it-is-back-on-track/articleshow/93746079.cms">This financial metric explains how the Indian economy will take some time before it is back on track</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-beats-airtel-5-to-1-in-june-subscriber-additions/articleshow/93641535.cms">Reliance Jio beats Airtel 5 to 1 in June subscriber additions</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-which-one-will-offer-faster-and-more-reliable-5g-services/articleshow/93516727.cms">Jio vs Airtel: Which one will offer faster and more reliable 5G services?</a>

Airtel’s stock surges as Bharti Telecom says it will acquire Singtel’s stake for $1.6 bn

<ul><li><keyword id="3127494" type="General" weightage="100" keywordseo="insta" source="Orion">Insta</keyword>, acquired by <keyword id="1165142" type="General" weightage="80" keywordseo="practo" source="Orion">Practo</keyword> in 2015, has transitioned to a SaaS model. </li><li>This move will also enable the hospitals, their clients, to improve operational efficiency by 20-25% with minimal revenue leakage. </li><li>The company has ambitious growth plans ahead – to grow the number of its clients by 25%.</li></ul>Cloud-based hospital management system Insta, acquired by Practo in 2015, has transitioned to SaaS or software-as-a-service model. This means Insta provides hospital management system or HMS to its clients, who are hospitals, clinics and <keyword id="7874987" type="General" weightage="50" keywordseo="healthcare-centers" source="Orion">healthcare centers</keyword>, via cloud computing. HMS helps hospitals manage their information like clinical data, inventory, patient information and financials, and integrate all of it across departments. Also, Insta’s own SaaS transition will render it with benefits and also the clients it serves. Insta says its new SaaS-powered system will enable the hospitals – its clients – to improve operational efficiency by 20-25% with minimal revenue leakage. “The India market is ripe for SaaS. It provides the much-needed agility that healthcare players are looking for, thus, giving us the confidence of further expansion in a shorter period of time,” said Abhinav <keyword id="3268" type="General" weightage="50" keywordseo="lal" source="Orion">Lal</keyword>, co-founder and chief technology officer, Practo. Scalability &amp; cost-efficiency The company has ambitious growth plans ahead – to grow the number of its clients by 25%. The SaaS model will provide it with scalability. The company said that the SaaS transition will also provide more value to its partner clinics and hospitals in addition to flexibility. More importantly, the new system will make it more cost-effective, and it can be passed on to its clients. “With this move, the company aims to improve its integration, enabling timely upgrades and greater ease of use, at four times reduction in costs as compared to conventional IT infrastructure,” Insta said in a statement. ‘Helps anticipate revenues &amp; shorten sales lifecycle’ Since it was acquired in 2015 by Practo, Insta grew its business by 368%. It has been clocking 25-30% revenue growth year-on-year, for the last two to three years. “While our consumer business continues to grow, our B2B business is turning profitable. This transition to SaaS is a strategic step in that direction. It helps us anticipate revenues, shorten sales lifecycle, and deepen integration, thus, creating a more predictable ecosystem for both growth and profitability,” said Lal. The global cloud computing market in healthcare is estimated to reach $51.9 billion by 2024. The company hopes to have a 10% share in this market, going ahead. “We are the leaders in the <keyword id="30350" type="General" weightage="50" keywordseo="middle-east" source="Orion">Middle East</keyword> market and will continue to invest in that market, to grow both market and revenue share,” Lal said. Some of Insta’s clients include <keyword id="1867979" type="General" weightage="50" keywordseo="apollo-health-and-lifestyle" source="Orion">Apollo Health and Lifestyle</keyword>, Ovum, Bansal, <keyword id="1801303" type="General" weightage="50" keywordseo="omni-hospitals" source="Orion">Omni Hospitals</keyword> in India and Emirates Healthcare, Right Health, Etihad Airways Medical Centre, VPS- Lifeline, VPS-Lifecare and Valiant Clinic in UAE. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/sanitary-pads-take-250-800-years-to-decompose-which-is-pushing-young-indians-to-opt-for-greener-alternatives/articleshow/93758591.cms">Sanitary pads take 250-800 years to decompose, which is pushing young Indians to opt for greener alternatives</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtels-stock-surges-as-bharti-telecom-says-it-will-acquire-singtels-stake-for-1-6-bn/articleshow/93767761.cms">Airtel’s stock surges as Bharti Telecom says it will acquire Singtel’s stake for $1.6 bn</a>

Practo’s Insta says its SaaS transition will help reduce costs by 4x

<ul><li>As a mountain of debt threatens Airtel’s survival, the company is preparing a ₹250 billion rights issue. </li><li>GIC Pvt Ltd, <keyword id="6356662" type="LOCATION" weightage="20" keywordseo="singapore">Singapore</keyword>’s sovereign wealth fund, is subscribing to a fifth of the shares in the issue. </li><li>In addition, <keyword id="16117" type="COMPANY" weightage="20" keywordseo="SingTel">Singtel</keyword> and Airtel’s promoters will invest ₹118 billion in the rights issue.</li></ul><keyword id="6354287" type="COMPANY" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword> has burnt billions in cash, and piled on even more in debt in its fight with the world’s 13th richest man Mukesh Ambani, the owner of Reliance <keyword id="2003276" type="COMPANY" weightage="20" keywordseo="Jio">Jio</keyword>, as the two, along with Vodafone Idea, <keyword id="18179" type="EVENT" weightage="20" keywordseo="battle">battle</keyword> to garner as much of India’s <keyword id="6354776" type="COMPANY" weightage="20" keywordseo="Telecom">telecom</keyword> market. As the mountain of debt threatens Airtel’s survival, the company is preparing a ₹250 billion rights issue. And it’s got the support of the Singapore government. According to an exchange filing, GIC Pvt Ltd, Singapore’s sovereign wealth fund, is subscribing to a fifth of the shares in the issue. The ₹50 billion investment will be GIC’s first in India’s competitive telecom sector. The move has precedence, given that Singapore’s largest mobile operator, Singtel, recently <a href="https://telecom.economictimes.indiatimes.com/news/bharti-airtel-shares-rise-after-singtel-ups-stake-by-investing-rs-2649-cr-in-parent/62784319">upped its stake in Airtel</a> after investing ₹27 billion in the company. In fact, both Singtel and Airtel’s promoters will invest <a href="https://economictimes.indiatimes.com/markets/stocks/news/airtel-promoters-to-participate-in-rs-16786-crore-rights-issue/articleshow/68297617.cms">₹118 billion</a> in the rights issue. After the rights issue, Singtel is expected to have a <a href="https://www.moneycontrol.com/news/business/bharti-airtel-says-promoters-will-take-part-in-rights-issue-3617511.html">35% stake</a> in the company. Earlier this month, Moody’s, an international ratings agency, <a href="https://www.businessinsider.in/airtel-got-its-lowest-credit-rating-because-of-jio/articleshow/67847220.cms">downgraded Airtel’s debt</a> to “significant credit risk” in light of the company’s over-leveraged nature an cash flow problems. At the end of December 2018, Airtel's net debt burden stood at a little over ₹1.06 trillion. Last week, the board of Airtel approved a plan to raise <a href="https://economictimes.indiatimes.com/markets/stocks/news/bharti-airtel-gets-board-approval-to-raise-up-to-rs-32000-crore/articleshow/68202185.cms">₹320 billion</a> from capital markets, with ₹250 billion coming from the sale of shares and the remainder through the issue of foreign currency-denominated bonds. The capital raising plan will enable India’s second-largest telecom provider to meet its capital expenditure targets, pay down debt and effectively take on Reliance Jio, which has consistently <a href="https://www.businessinsider.in/reliance-jio-continues-to-eat-into-airtel-and-vodafone-ideas-pie/articleshow/68088881.cms">eaten into its market share </a>and subscriber base since its launch in September 2016. While the fundraising plan will help Airtel reduce its debt burden, it might not be enough to stabilise its credit rating, according to <a href="https://economictimes.indiatimes.com/markets/stocks/news/airtels-rs-25000-crore-fund-infusion-not-enough-to-stabilise-rating-sp/articleshow/68290893.cms">S&amp;P Global</a>, a ratings agency, due to continued capital spending amid price competition from Jio and Vodafone Idea. However, Moody’s had a more favourable outlook on the rights issue, terming it <a href="https://economictimes.indiatimes.com/markets/stocks/news/airtels-proposed-rights-issue-credit-positive-moodys/articleshow/68268767.cms">“credit positive”</a>. SEE ALSO: <a href="https://www.businessinsider.in/reliance-jio-continues-to-eat-into-airtel-and-vodafone-ideas-pie/articleshow/68088881.cms">Reliance Jio continues to eat into Airtel and Vodafone Idea's pie</a> <a href="https://www.businessinsider.in/airtel-got-its-lowest-credit-rating-because-of-jio/articleshow/67847220.cms">Airtel just got assigned its lowest credit score by an international ratings agency as pricing pressures continue</a> <a href="https://www.businessinsider.in/airtel-cisco-ready-for-indias-largest-5g-network/articleshow/68154880.cms">Airtel and Cisco are teaming up to build India’s largest 5G-ready network — spectrum auction pending</a>

The government of Singapore backs Airtel in the battle for dominance against Mukesh Ambani's Reliance Jio

Telecom operator Bharti <keyword id="15491" type="General" weightage="100" keywordseo="airtel" source="Orion">Airtel</keyword> on Monday announced that it has joined the SEA-ME-WE-6 undersea cable consortium to scale up its global network capacity to serve India's growing digital economy. The SEA-ME-WE-6 will connect Singapore and France, and will be amongst the largest undersea cable systems globally. "Airtel has been ahead of the curve on this front and already operates the largest undersea cable network out of India in addition to the biggest network of data centers. Our investment in SEA-ME-WE-6 is another step in our journey to future-proof our network and build large integrated capacities to enable India's digital ecosystem," Ajay Chitkara, Director and CEO, Airtel Business said. Airtel is participating as a major investor in the SEA-ME-WE-6 and is anchoring 20 per cent of the overall investment in the cable system, which will go live in 2025, the company claims. The 12 other consortium members of SEA-ME-WE-6 include Bangladesh Submarine Cable Company, Dhiraagu (Maldives), Djibouti Telecom, Mobily (Saudi Arabia), Orange (France), Singtel (Singapore), Sri Lanka Telecom, Telecom Egypt, Telekom Malaysia, Telin (Indonesia). Through SEA-ME-WE-6 Airtel will add a significant amount of 100 TBps capacity to its global network. Airtel has acquired one Fiber Pair on the main SEA-ME-WE-6 system and will co-build four Fiber Pairs between Singapore - Chennai - Mumbai as part of the cable system. Airtel will land the SEA-ME-WE-6 cable system in India at new landing stations in Mumbai and Chennai. SEA-ME-WE-6 will be fully integrated with Nxtra by Airtel's large Data Centres in Mumbai and Chennai to enable global hyperscalers and businesses to access seamless integrated solutions. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/mukesh-ambanis-reliance-jio-loses-13-million-subscribers-its-second-largest-fall-so-far/articleshow/89644193.cms">Reliance Jio gets its second big jolt on its path to 500 million subscribers</a>

Airtel joins undersea cable consortium, to fund 20% of investment in cable system

<ul class="summary-list"><li>The data breach was caused by a vulnerability in the Accellion file-sharing system that <keyword id="249296" type="COMPANY" weightage="60" keywordseo="Kroger">Kroger</keyword> used.</li><li>Kroger discontinued using Accellion and reported the incident to federal law enforcement.</li><li>Certain HR data, money service records, and pharmacy records were affected.</li></ul>Kroger was among the companies affected by a data breach caused by a weakness in a <a href="https://www.businessinsider.com/jones-day-hack-data-breach-law-firms-cybersecurity-accellion-customers-2021-2">product offered by Accellion</a>, a third-party company that the retailer used for secure file transfer services, according to a company <a href="http://ir.kroger.com/CorporateProfile/press-releases/press-release/2021/Accellion-Security-Incident-Impacts-Kroger-Family-of-Companies-Associates-and-Limited-Number-of-Customers/default.aspx">press release</a>.The breach didn't affect Kroger's IT system, the store systems, debit or credit card information, and no customer data was misused, the retailer said, but it did impact certain HR data, money service records, and pharmacy records."At this time, based on the information provided by Accellion and its own investigation, Kroger believes that less than 1% of its customers, specifically customers of Kroger Health and Money Services, have been impacted," the company said in Friday's press release. The supermarket chain, which has nearly 3,000 stores accross the country, discontinued using the product and reported the data breach to federal law enforcement after being informed of the incident on January 23, Kroger said Friday. Accellion informed Kroger that an unauthorized person gained access to Kroger files through a weakness in Accellion's file transfer service, Kroger said.Kroger also initiated its own investigation to determine the impact of the incident. The company is in the process of contacting potentially harmed customers and offering free credit monitoring. Accellion did not immediately respond to a request for comment. Accellion's customers have been using the company's product called File Transfer Appliance (FTA) which offers secure file-sharing services for sensitive files that are too large for email attachments. The product was used by law firms, including Jones Day, Insider <a href="https://www.businessinsider.com/jones-day-hack-data-breach-law-firms-cybersecurity-accellion-customers-2021-2">previously reported.</a>Earlier this month, Accellion <a href="https://www.accellion.com/company/press-releases/accellion-provides-update-to-recent-fta-security-incident/">announced</a> that it is retiring its FTA systems and encouraged its customers to upgrade from the 20-year-old system to its newer product Kiteworks that "never reported" an external vulnerability in the four years it has been in the marketplace.The company will not allow renewals to its FTA product after April 30, <a href="https://www.accellion.com/products/fta/">according to its website</a>.In January, Accellion <a href="https://www.accellion.com/company/press-releases/accellion-responds-to-recent-fta-security-incident/">said that it released a patch within 72 hours</a> to less than 50 of its customers who have been impacted by the breach. The string of data breaches affected large organizations and companies around the world.Among those affected was New Zealand's Reserve Bank that became aware of the data breach in January. "Following this malicious attack, the software application was secured and closed," the bank said in its <a href="https://www.rbnz.govt.nz/our-response-to-data-breach">statement</a> on February 15.The data breach that the bank experienced on December 25 impacted some files that contained personal email addresses, birthdates, credit information, the bank said. The bank also added that it is working directly with stakeholders to determine the number of individuals affected.Singtel, Singapore's telecommunications company, also experienced a data breach of its FTA Accellion system and <a href="https://www.singtel.com/about-Us/news-releases/singtel-adreses-data-breach-moves-to-suport-afected-stakeholders">said on Wednesday</a> that it is working with the Cyber Security Agency of Singapore about the incident.The company completed its investigation and concluded that 23 enterprises were affected and Singtel's data logs, test data, reports, and emails were leaked, according to its statement. Exfiltrated data also included personal information such as birthdates and names of 129,000 customers and bank account details of 28 former Singtel employees, the company added.

Kroger says some HR data and pharmacy records were possibly compromised in data breach

New Delhi, May 26 () Shares of Bharti Airtel on Tuesday fell nearly 6 per cent after promoter firm Bharti Telecom sold 2.75 per cent stake in Airtel to institutional investors in the secondary market. It dropped 5.71 per cent to close at Rs 559.15 on the BSE. During the day, it tumbled 5.96 per cent to Rs 557.65. On the National Stock Exchange (NSE), shares of the company fell 5.72 per cent to close at Rs 559.25. Bharti Airtel was the top loser in the Sensex and Nifty pack. Promoter firm Bharti Telecom has sold 2.75 per cent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday. The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding company a 'debt-free company', it said. Bharti Group and Singtel will continue to hold a majority stake in Bharti Airtel at 56.23 per cent after the transaction, it added. Announcing the closure of secondary block placement of Airtel shares, Bharti Telecom said the issue oversubscribed multiple times with healthy mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US. "Bharti Telecom Limited, the promoter company of Bharti Airtel Limited have today sold 2.75 per cent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market," it said. SUM HRS

Bharti Airtel shares fall nearly 6 pc

The bull has sadly left the sand pit before his time, very much at the peak of his prowess. Putting an end to all speculation, legal fraternity sources have revealed that top stockbroker and <keyword id="6504177" type="General" weightage="50" keywordseo="big-bull" source="Orion">Big Bull</keyword> Rakesh <keyword id="45125" type="General" weightage="100" keywordseo="jhunjhunwala" source="Orion">Jhunjhunwala</keyword> has left a will which will provide direction and intent on his heirs and the handling of his colossal <keyword id="27145" type="General" weightage="20" keywordseo="fortune" source="Orion">fortune</keyword> hereafter. Jhunjhunwala, whose fortune is believed to be worth approximately ₹50,000 crore, had arranged to ensure his estate, including shares and <keyword id="6354516" type="General" weightage="20" keywordseo="property" source="Orion">property</keyword>, is bequeathed to his wife and three children. In fact, he would often speak about his fourth child - charity. A part of his fortune will thus definitely go towards his favorite charities. His assets - direct holdings in listed and unlisted companies as well as immovable properties - would therefore pass on to his wife and three children, said a person from the legal fraternity on condition of anonymity. Known for his value investing model, the Big Bull is also known to own 35 company holdings. His major investments are in: construction and contracting (11 per cent), miscellaneous (nine per cent), banks (private sector) (6 per cent), finance (general) (6 per cent), construction and contracting (civil) (6 per cent), pharmaceuticals (6 per cent), and banks (public sector) (3 per cent). Jhunjhunwala has three children - daughter Nishtha (18) and twin sons, Aryamaan and Aryavir (13). He would call charity his fourth child. While his listed holdings are reportedly worth ₹50,000 crore, his immovable properties include a sea-facing building in Malabar Hill, Mumbai, purchased from Standard Chartered Bank for ₹176 crore in 2013, and a holiday home in Lonavala. Moreover, his long time legal associate Berjis Desai is reportedly the main executor of the will. The will be read out in the presence of his family after all the Hindu rituals are completed. Desai, who is ex-managing partner of J Sagar Associates, has known the value investor for close to 25 years. He is now an independent legal counsel engaged in private client practice, that is, succession and estate planning for HNIs and promoter families through wills, trusts and family arrangements; resolving family, testamentary and business disputes through mediation and confidential fast track arbitration; and regulatory aspects of offshore investments, residential status and citizenship, insolvency and asset reconstruction advisory. He was also a co-investor in Jhunjhunwala's new aviation venture <keyword id="11911527" type="General" weightage="20" keywordseo="akasa-air" source="Orion">Akasa Air</keyword>. "I have made a small investment. I understand aviation is a high-risk, high-reward business and generally people are cynical about it. But I believe there will be a boom for low-cost airlines in next five-seven years. It is a bet on Jhunjhunwala's business acumen," Desai had said at the time of investing. This scotches speculation of all interlopers who were being perceived to be heirs to Jhunjhunwala's wealth. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/airtels-stock-surges-as-bharti-telecom-says-it-will-acquire-singtels-stake-for-1-6-bn/articleshow/93767761.cms">Airtel’s stock surges as Bharti Telecom says it will acquire Singtel’s stake for $1.6 bn</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/sanitary-pads-take-250-800-years-to-decompose-which-is-pushing-young-indians-to-opt-for-greener-alternatives/articleshow/93758591.cms">Sanitary pads take 250-800 years to decompose, which is pushing young Indians to opt for greener alternatives</a>

Rakesh Jhunjhunwala left a will to bequeath  ₹50,000 cr fortune to wife, children: sources

New Delhi, May 26 () Promoter firm Bharti Telecom has sold 2.75 per cent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday. The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding company a 'debt free company', it said. Bharti Group and Singtel will continue to hold a majority stake in Bharti Airtel at 56.23 per cent after the transaction, it added. Announcing the closure of secondary block placement of Airtel shares, Bharti Telecom said that the issue over-subscribed multiple times with healthy mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US. "Bharti Telecom Limited, the promoter company of Bharti Airtel Limited have today sold 2.75 per cent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market," it said. Bharti Telecom has raised over Rs 8,433 crores (or about USD 1.15 billion) through accelerated book-build offering of equity shares of Bharti Airtel, it added. The stake sale was anchored by several existing and new shareholders and several marquee global mutual fund complexes, sovereign wealth Funds, multi-strategy funds and domestic institutional investors in sizable quantities, the company said. With Bharti Telecom Limited becoming a zero debt company Bharti Airtel's credit profile will also be augmented as it will stand to benefit from deleveraging on a consolidated basis, including any debt of promoter holding company. "Bharti Group and Singtel, as Bharti Airtel's largest shareholders remain committed to the business and the long term prospects of Bharti Airtel. In the last few years the promoters have invested over Rs 21,000 crores (over USD 3 billion) in Bharti Airtel and stay fully committed to investing further in the business as may be required," the statement said. MBI BAL BAL

Bharti Telecom sells 2.75% stake in Airtel for Rs 8,433 cr to institutional investors

New Delhi, Dec 8 () Bharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country's oldest private telecom operator a foreign entity. 
 The fund infusion will enhance foreign stakeholding in Bharti Telecom to over 50 per cent that will make it a foreign-owned entity, an official source aware of the development told . Sunil Bharti Mittal and his family own around 52 per cent stake in Bharti Telecom, at present.
 Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm. Public shareholders have around 37 per cent stake in the company. 
 "Bharti Telecom has applied for infusion of Rs 4,900 crore in the company which includes investments from Singtel and some other foreign investors. With this Bharti Telecom will become a foreign entity as majority stake will be held by overseas investors. DoT is expected to approve this investment this month," the source said.
The Department of Telecom had earlier this year rejected Bharti Airtel's FDI application as the company had not provided clarity on the foreign investor.
Total foreign shareholding is 43 per cent in Bharti Airtel, at present. With promoter firm Bharti Telecom becoming a foreign entity, foreign shareholding in the company will cross 84 per cent, the source said. Bharti Airtel has already been in discussion with Singtel and other entities for fund infusion. 
The company in August had informed stock exchanges that Bharti Telecom in order to retire some debt may seek equity from its existing promoter group which may include overseas entity and Singtel in proportionate to its holding. 
Bharti Airtel has said that even a marginal increase in foreign equity would take the foreign investment in Bharti Telecom above 50 per cent making it a foreign owned entity. 
Bharti Airtel has already applied to raise FDI limit to 100 per cent in the company. 
 Bharti Airtel board last week approved a proposal to raise USD 3 billion through QIP, stake sale and debt papers as the company owes AGR dues of Rs 43,000 crore to the government.
 The company will launch one or more QIPs or offer for sale of equity shares or a combination of similar offers to raise USD 2 billion. Rest USD 1 billion will be raised through debentures and bonds. PRS MR

Bharti Telecom seeks Rs 4,900 cr FDI nod; infusion to make Airtel foreign firm

This is an excerpt from a story delivered exclusively to Business Insider Intelligence IoT Briefing subscribers. To receive the full story plus other insights each morning, <a href="https://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=top_text&amp;itm_term=bundle_subscription_text_link-att-global-telco-security-alliance-thought-leadership-2019-3">click here</a>.US-based telecom AT&amp;T is joining the Global Telco Security Alliance in an effort to augment security solutions for enterprise telecommunications, according to <a href="https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly93d3cubW9iaWxld29ybGRsaXZlLmNvbS9mZWF0dXJlZC1jb250ZW50L3RvcC10aHJlZS9hdHQtZXhwYW5kcy1vcGVyYXRvci1zZWN1cml0eS1ncm91cC1zY29wZS8_SUQ9MDBRdzAwMDAwMTV3ekZJRUFZJkpvYklEPTE5MTE5MiZIRT03MWVlYWYyMmEwYTI0ZDI5NGRlZDFlYmQ5YmQ1MmM2YzI1ZDE4MTZhYjQxMmQxZTllYjU4NDEzNjQ0ZjcwM2IxJnV0bV9zb3VyY2U9c2ZtYyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1NV0xfMjAxOTAzMDYmdXRtX2NvbnRlbnQ9aHR0cHMlM2ElMmYlMmZ3d3cubW9iaWxld29ybGRsaXZlLmNvbSUyZmZlYXR1cmVkLWNvbnRlbnQlMmZ0b3AtdGhyZWUlMmZhdHQtZXhwYW5kcy1vcGVyYXRvci1zZWN1cml0eS1ncm91cC1zY29wZSUyZg/5adde55340f86675182a51c9B0de3d9d6" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly93d3cubW9iaWxld29ybGRsaXZlLmNvbS9mZWF0dXJlZC1jb250ZW50L3RvcC10aHJlZS9hdHQtZXhwYW5kcy1vcGVyYXRvci1zZWN1cml0eS1ncm91cC1zY29wZS8_SUQ9MDBRdzAwMDAwMTV3ekZJRUFZJkpvYklEPTE5MTE5MiZIRT03MWVlYWYyMmEwYTI0ZDI5NGRlZDFlYmQ5YmQ1MmM2YzI1ZDE4MTZhYjQxMmQxZTllYjU4NDEzNjQ0ZjcwM2IxJnV0bV9zb3VyY2U9c2ZtYyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1NV0xfMjAxOTAzMDYmdXRtX2NvbnRlbnQ9aHR0cHMlM2ElMmYlMmZ3d3cubW9iaWxld29ybGRsaXZlLmNvbSUyZmZlYXR1cmVkLWNvbnRlbnQlMmZ0b3AtdGhyZWUlMmZhdHQtZXhwYW5kcy1vcGVyYXRvci1zZWN1cml0eS1ncm91cC1zY29wZSUyZg/5adde55340f86675182a51c9B0de3d9d6&amp;source=gmail&amp;ust=1552053186158000&amp;usg=AFQjCNHwxlTqfX6ohT3IOS91-qCo3LxiEw">Mobile World Live</a>. <div class="KonaFilter image-container display-table float_right no-rightrail"><div><div class="image"></div></div></div>The telecom is the group's first North American member, and in signing on to the Alliance, AT&amp;T is signaling to customers that it's looking to assume a thought leadership role in enterprise wireless communication security that could help the company to grow its enterprise business and IoT portfolio.The addition of AT&amp;T to the Alliance will add another large group of dedicated support workers with expertise in the North American market and its specific cybersecurity challenges. The group was <a href="https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly93d3cubW9iaWxld29ybGRsaXZlLmNvbS9mZWF0dXJlZC1jb250ZW50L3RvcC10aHJlZS9nbG9iYWwtb3BlcmF0b3JzLXRlYW0tb24tc2VjdXJpdHktZWZmb3J0Lw/5adde55340f86675182a51c9B6dd1af86" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly93d3cubW9iaWxld29ybGRsaXZlLmNvbS9mZWF0dXJlZC1jb250ZW50L3RvcC10aHJlZS9nbG9iYWwtb3BlcmF0b3JzLXRlYW0tb24tc2VjdXJpdHktZWZmb3J0Lw/5adde55340f86675182a51c9B6dd1af86&amp;source=gmail&amp;ust=1552053186158000&amp;usg=AFQjCNEFgvthqBJkwbrj3GRaHfU1W-EZRw">formed</a> last year through an agreement between Telefonica, SoftBank, Etisalat, and Singtel. Members share cyberintelligence and security capabilities with each other in order to identify and counter emerging threats. The founding members already operate 22 separate security centers with more than 6,000 workers covering customers in over 60 countries. Joining forces with this group of international telecoms will help AT&amp;T bolster its own security offerings for enterprise customers. AT&amp;T will benefit from information shared by other members of the Alliance, which will help the company to identify more quickly potential threats that could leave customers exposed. The telco's membership in the Alliance will also serve as proof that its enterprise offering is differentiated from competitors. It signals to customers that the company's security capabilities are top-notch, and that it's not only keeping up with security protocols, but also providing guidance and leadership in the wider telecommunications space - similar to its <a href="https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L2Jsb2NrY2hhaW4tc3RhcnR1cHMtaW90LXNvbHV0aW9uLXByb21pc2VzLXRvLWN1dC1jb3N0cy1paW90LXN0YXJ0dXAtZ3VhcmRoYXQtbmFicy0yMC1taWxsaW9uLWF0dC1lcmljc3Nvbi1wYXJ0bmVyLXRvLWNlcnRpZnktc2VjdXJlLWlvdC1kZXZpY2VzLTIwMTgtMTA/5adde55340f86675182a51c9B36995846" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L2Jsb2NrY2hhaW4tc3RhcnR1cHMtaW90LXNvbHV0aW9uLXByb21pc2VzLXRvLWN1dC1jb3N0cy1paW90LXN0YXJ0dXAtZ3VhcmRoYXQtbmFicy0yMC1taWxsaW9uLWF0dC1lcmljc3Nvbi1wYXJ0bmVyLXRvLWNlcnRpZnktc2VjdXJlLWlvdC1kZXZpY2VzLTIwMTgtMTA/5adde55340f86675182a51c9B36995846&amp;source=gmail&amp;ust=1552053186158000&amp;usg=AFQjCNHoJ87sWZoPhTjIpnrv3dcMkH-Vxw">partnership</a> with Ericsson for IoT device certification. Enterprise customers understandably demand that their vendors offer secure solutions; in considering <a href="https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L3RoZS1pbnRlcm5ldC1vZi10aGluZ3MtMjAxOS1ob3ctdGhlLWlvdC1jb250aW51ZXMtdG8tdHJhbnNmb3JtLWJ1c2luZXNzLWhvbWVzLWFuZC1jaXRpZXMtdGhyb3VnaC1uZXh0LWdlbmVyYXRpb24tZGlnaXRhbC1zb2x1dGlvbnMtMjAxOC0xMg/5adde55340f86675182a51c9B0059ceab" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/16205404.2/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L3RoZS1pbnRlcm5ldC1vZi10aGluZ3MtMjAxOS1ob3ctdGhlLWlvdC1jb250aW51ZXMtdG8tdHJhbnNmb3JtLWJ1c2luZXNzLWhvbWVzLWFuZC1jaXRpZXMtdGhyb3VnaC1uZXh0LWdlbmVyYXRpb24tZGlnaXRhbC1zb2x1dGlvbnMtMjAxOC0xMg/5adde55340f86675182a51c9B0059ceab&amp;source=gmail&amp;ust=1552053186158000&amp;usg=AFQjCNG585sq6xSPAU62f8kPNjqNfB-7IA">features of IoT platforms</a>, for instance, 76% described security features as extremely important, far outstripping other choices. Taking steps such as joining industry associations can be tangible examples of a company's dedication to addressing cybersecurity issues, which it can point to when attempting to bring in new customers or expand relationships.Interested in getting the full story? Here are two ways to get access: 1. Sign up for the IoT Briefing to get it delivered to your inbox 3x a week. &gt;&gt; <a href="https://www.businessinsider.com/intelligence/newsletter-membership/?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=get_started_text&amp;itm_term=bii_briefing_text_link-att-global-telco-security-alliance-thought-leadership-2019-3&amp;vertical=iot">Get Started</a>2. Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to the IoT Briefing, plus more than 250 other expertly researched reports. 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AT&T is joining the Global Telco Security Alliance to target cybersecurity thought leadership

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Thomas Barwick/Getty ImagesAngel investors participate in very early funding rounds for companies they perceive to have high-growth potential.</div></div></div><ul class="summary-list"><li>Angel investing is a high-risk strategy, and there are no guarantees it'll pay off.</li><li>Four successful angel investors with varying areas of expertise shared insights with Business Insider into both how to get started in angel investing and how to succeed once you're in it.</li><li>These experts recommended finding a niche, setting a budget, and keeping your expectations low to start out.</li><li>They also suggested studying the landscape and reading books like "Zero to One: Notes on Startups, or How to Build the Future" by Peter Thiel and "The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers" by Ben Horowitz.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories.</a></li></ul>Angel investors participate in very early funding rounds for companies they perceive to have high-growth potential - typically pre-revenue and before they're backable by more traditional venture investors - in exchange for equity ownership interest. Oftentimes, angels have a deep passion for, and experience in, specific industries, which helps them get comfortable with the very risky capital they're deploying.According to the <a href="https://blog.hockeystick.co/2019-u.s.-angel-investment-statistics">2019 Angel Funders Report</a> co-authored by the Angel Capital Association and Hockeystick, the median pre-money valuation of an angel-backed deal in 2019 was $6 million, up 20% from 2017. However, angel investors, generally speaking, provide more than just personal capital but also mentorship, advice, connections, insights, support, and more to early-stage companies.But it's certainly not for the faint of heart. Four angel investors shared with Business Insider their expert insights into both how to get started in angel investing and how to succeed once you're in it.<h1>Find a niche and invest where you can add value</h1>Most angel investors have a background and interest in a particular category, which is where they choose to invest their time and money.For Coco Meers, now the founder of <a href="https://myeq.com/">Equilibria</a> - a female-focused CBD brand - angel investing was a way to stay connected with early-stage founders after she sold her first company, beauty-booking app PrettyQuick, to Groupon in 2015. She missed the creative stages of building a business post-exit, and early-stage founders are often in the throes of creating their models and go-to-market approaches.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Courtesy of Coco MeersCoco Meers.</div></div></div>"Through my angel vehicle, Rebelle Collective, I invest in women founders who have demonstrated attractive customer economics in high-growth consumer markets," said Meers. Her investments include <a href="https://www.ezzanails.com/">Ezza Nails</a>, which is reinventing the nail salon experience; direct-to-consumer travel brand <a href="https://tourparavel.com">Paravel</a>; and <a href="https://www.pearchef.com/">PearChef</a>, a private chef in luxury apartments, among others.<a href="https://www.kimperell.com/">Kim Perell</a>, entrepreneur, national bestselling author, and tech CEO, became an angel investor to pay it forward to those who helped her get where she is today. "As an entrepreneur, I know how lonely it can be," said Perell. "When I started my first company, I was broke and unemployed, and trying to convince anyone to lend me money was an uphill battle. Thankfully, my 80-year-old grandmother made a bet on me. My goal is to pay it forward by investing in entrepreneurs who need someone to believe in them. My passion in life is to support others in achieving their dreams."She now works within the tech, real estate, and beauty spaces - and to date, she's invested in over 70 different startups, including Humin, which was <a href="https://www.prnewswire.com/news-releases/tinder-acquires-humin-300242335.html">acquired by Tinder</a> in 2016; Gradient X, which was <a href="https://techcrunch.com/2013/09/05/singtels-amobee-buys-las-gradient-x-to-bulk-up-its-mobile-adtech-with-real-time-bidding/">acquired in 2013</a> by SingTel for $20 million; and Adconion, which was also <a href="https://techcrunch.com/2014/06/10/amobee-buys-adconion-for-235m-and-kontera-for-150m-in-consolidation-play/">acquired by SingTel in 2014</a> for $235 million.Chris Barbin had worked with six angel investors while at <a href="https://appirio.com/">Appirio</a>, an information technology consulting company, who inspired him to pursue angel investing after he exited the company three years ago to cofound <a href="https://siptequila.com/">SipTequila.com</a>, a direct-to-consumer platform bringing hand-curated, super-premium and boutique tequilas to market in the United States. Today, he focuses on business-to-consumer (B2C) companies and small- and medium-sized businesses (SMB) after spending his career in business-to-business (B2B) companies and larger enterprises. His investments include <a href="https://www.southerngristbrewing.com/">Southern Grist Brewing</a>, a Nashville taproom; <a href="https://www.f6s.com/youbet.io">YouBet.io</a>, an online destination for horse racing; and <a href="https://www.plushcare.com/">PlushCare</a>, a telemedicine platform."To me, what's most important is finding the intersection of a product or service I can personally get excited about [and] where I can have an outsized impact on their behalf," said Barbin. Basically, your relationship with a founder should be a two-way street in terms of benefits.Phin Barnes has been a partner at leading early-stage investment fund <a href="https://firstround.com/">First Round Capital</a> since May 2012, which <a href="https://news.crunchbase.com/news/first-round-capital-targets-200m-for-seventh-flagship-fund/">reportedly raised approximately $220 million</a> between two new venture funds last year. He added that you should be clear about what you have to offer to founders besides money, and make sure the founders understand the product they are buying from you."This clarity will lead to more effective partnerships and help you build a group of founders who can serve as references for you as an investor," he said.That said, Barbin advised angel investors to remember that entrepreneurs don't always necessarily want, or need, your unsolicited expertise."Don't be a 'board member' to an entrepreneur who you give angel money to," he explained. "Give them advice, guidance, and insights if they directly ask. But, if not, remember that, at this stage, they are probably running hard, fast, and are stressed enough."<h1>Adopt the mindset of investing in people, not an idea</h1><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Phin Barnes / First Round CapitalPhin Barnes.</div></div></div>Barnes loves working with founders, and he believes that founders, not venture capitalists, predict the future needs of their customer, the future of the market they will dominate, or the future emergence of the category they will define. A good investor, he says, understands that."At First Round, we look to founders to teach us what's next," he said. "We were fortunate to invest in Uber before the rise of the on-demand economy and Roblox before games were social platforms. We invested in Blue Apron before everyone jumped into food tech and Notion before 'no-code/low-code' was a trend."In all of these cases, Barnes met the founders when they were just starting out, identified with their vision, and believed in their ability to create and capture the market they were attacking."I look for founders with enough self-awareness to know they are trying to build an outlier company, but also to recognize that their work is a continuous battle for self-improvement and for growth as a leader and as a person," said Barnes. "I love working with the relentless founder with a clear vision, where I think, 'If anyone is going to win, it's this person.'"Ultimately, angel investing is about betting on people - so backing those you trust and believe in makes all the difference."I look for entrepreneurs that are willing to put skin in the game, which doesn't always have to be monetary because they might not have the capital," said Perell. "I look for people with passion, tenacity, resilience, and energy to keep moving forward long after everybody else would give up, someone who knows how to execute."This goes for the company's employees and leadership as well as its founders. Perell would rather invest in a great team and a mediocre idea than a great idea with a mediocre team."Two people can have the same idea, but the one who executes best always wins," she said. "It isn't about intelligence or education either. The key to finding success as an entrepreneur is execution. Execution is the ability to do and get results, to keep moving forward to achieve your vision and goals despite the obstacles that lay ahead. This one skill is the difference between success and failure."<h1>Ask some tough questions about the company's potential</h1>While it's easy to get excited about being part of a company's first stages, Meers said there are a few difficult questions you should ask yourself before you consider investing:<ul><li>Do you truly understand the financial model? Could this business ever really be profitable?</li><li>Do you have conviction in the founding team? Are they truly the right team to beat the odds and make this company a success?</li><li>What are the existential risks? What's lurking out there that could cause this company to fail even when the founders make all the right moves?</li></ul>"It's not just about the passion in what they're doing but also what they are willing to suffer to achieve that vision," added Perell. This, she said, includes founders and investors taking the time to do the research and understand the commercial and financial models to know the risks involved in starting a business. She also bets on entrepreneurs who have tried to exercise their idea and can provide two proofs of concept or pilot programs."If an entrepreneur does not understand their market, the demands, or the challenges, I would not invest in them," she explained. "The most successful companies and entrepreneurs also have vision to stay ahead of the curve and understand changing dynamics." <h1>Set a budget and keep your expectations low</h1>Barnes likens divvying up your starting angel investments to a craft. "When you commit to a craft, you should think about how much time and other resources you are willing to put toward building mastery of the craft," he said. "Think of the total budget as tuition rather than an investment that will generate returns and identify a number that is comfortable for you."Early on, he suggested making more investments rather than making larger investments. "In fact, I think the best thing to do is make every investment a standard size rather than allowing your excitement level at the time of investment to dictate the amount of money you invest," said Barnes.Don't just make one investment either, he added. "When you first get started, you are much better off writing 10 small checks than two or three bigger ones. You will learn more with repetition and breadth of experience. The odds are that your first check won't be going to a category-defining company, but it is the best way to learn about the process of angel investing and what it's like to work with founders," he explained.Perell said that the typical angel investment is anywhere from $25,000 to $150,000. Like Barnes, she recommended building a portfolio of a minimum of 10 investments, in order to have a diversified portfolio.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Courtesy of Kim PerellKim Perell.</div></div></div>On average, Barbin said that his personal investments range from $25,000 up to $250,000. "We set multi-year goals with our long-time trusted financial advisor for these higher risk 'personal venture' bets versus philanthropy versus a more traditional portfolio management approach, which, in our case, is relatively conservative overall," said Barbin.There are no guarantees in angel investing, so for Barbin, any returns are 100% upside, no matter how small."Set a budget as a percent of your net worth, and stick to it," he said. "If you subscribe to the 'they all go to zero' rule [that the investment won't pay out], then it's probably 10 to 20% at most."Meers agreed that angel investing requires being willing to take some big risks - and accept some financial losses. "While I'm always optimizing for return, I've certainly said goodbye to some checks," she said.<h1>Understand which other investors are in the early rounds, and don't shy away from later rounds either</h1>Generally, Perell said, the company seeking investors will disclose who else is investing. "You can understand more about the entrepreneur by understanding who their investors are," she explained.Meers added that equity is an expensive form of capital for founders to take on. "The tradeoff that founders are making is that the investor partners are bringing a myriad of skill sets to bear that will ultimately increase the odds of success, from network and strategy to operating advice at scale," she said. "Understanding who the other investors are in a deal is therefore an important data point to understanding what tailwinds the founders have on their team."<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Courtesy of Chris BarbinChris Barbin.</div></div></div>Barbin said that aspiring angel investors should look for other successful operators or proven angels in the round by investigating them via LinkedIn, Crunchbase, and on social media; noting the deals they've invested in in the past and how they've trended; and speaking directly to entrepreneurs or CEOs who've worked with them previously when considering whether to invest.And, he continued, stay away if the other angels are, for example, aunt Betty, uncle Billy, mom, dad, and you. "If the other investors are all family, the plan and business may not have gone through any level of rigorous diligence, questioning, or vetting," he said. "This is not always a bad sign, but it does up my level of investigation and diligence."Finally, he added that if you have access to an amazing company that happens to be later stage, there's no reason not to invest as an angel in later rounds. "It can often be easier for the founder to find room for you in a later round," he explained. <h1>Study up</h1>Angel investing is typically the riskiest type of investment for investors, so Perell recommended starting in areas where you're savvy and have expertise and also joining online angel investment groups like <a href="https://angel.co/">Angel List</a> and <a href="https://www.angelcapitalassociation.org/directory/">Angel Capital Association</a>.Barnes suggested reading Nike creator Phil Knight's memoir "<a href="https://www.amazon.com/Shoe-Dog-Memoir-Creator-Nike/dp/1501135910/ref=tmm_hrd_swatch_0">Shoe Dog</a>" as a "great reminder of how long it takes to build an enduring business and how hard it is." He also follows the writing and movements of investors Ron Conway, Reid Hoffman, Marc Andreessen, and Jim Goetz and is a fan of "<a href="https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296">Zero to One: Notes on Startups, or How to Build the Future</a>" by Peter Thiel and "<a href="https://www.amazon.com/Hard-Thing-About-Things-Building-ebook/dp/B00DQ845EA">The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers</a>" by Ben Horowitz, touting the books as "must-reads for angels and entrepreneurs alike."Barnes' company First Round also offers <a href="https://angeltrack.firstround.com/">Angel Track</a>, a program that brings together a community of established operators and founders looking to develop their skills and identities as early-stage investors in San Francisco and New York."They hear from the best in the industry and learn that investing is about more than just writing a check," he said. "It's about being a resource for feedback, advice, and capital to founders."He added that "Regardless of the entry point, whether it's Angel Track or programs like it, angel investing is what you make of it and the best way to start is to write that first check." <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-happens-when-run-marathon-2017-5">4 terrible things that happen to your body when you run a marathon</a></h3> <div> </div> </div>

4 investors explain how to get started in angel investing - and how to succeed once you're in it

Quarter one results for <keyword id="45442" type="COMPANY" weightage="60" keywordseo="Reliance-Industries-Limited">Reliance Industries Limited</keyword> (RIL) was widely awaited for clarity on the commercial launch of <keyword id="6354504" type="UNKNOWN" weightage="20" keywordseo="Reliance-Jio">Reliance Jio</keyword> 4G services. But the company says the test program will take months to upgrade into commercial operations. Which means it is going to be more waiting for the official launch of <keyword id="2003276" type="UNKNOWN" weightage="20" keywordseo="Jio">Jio</keyword>’s 4G services. 
 Subsidiary of <keyword id="3820" type="PERSON" weightage="60" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> led RIL, Reliance Jio Infocomm Ltd (RJIL) claims that the company now has over 1.5 million test users on its network since their soft launch in December last year. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. 
 
There have been many reports on the launch of Jio's 4G services, latest one saying that Jio will be launching with its Freedom plan on the 15th of August; with free voice services and date priced at Rs. 80 for 1GB 4G data. 
 
Looks like the focus for RJIL is not just launching their 4G services but the company is looking at creating a complete digital services business in order to offer end-to-end solutions in key domains such as education, healthcare, security, communication, financial services, government-citizen interfaces and entertainment. 
 
With a quest to push digital content and their data services, the company is going big on "visuality" by looking at replacing voice with video as the new communication medium with a hope to create “one of the most comprehensive and powerful Video networks in the world.” The company has a communication app, Jio chat that provides video calling along with other services like voice calling, chat, conferencing etc. 
 
RJIL has also joined global telecom operators like China Unicom, China Mobile, China Telecom, Singtel, T-Mobile US, Telefonica and Axiata Group for an initiative for a universal Rich Communications Services (RCS) profile worldwide. This initiative will provide a common universal profile which will enable these mobile operators to deploy an interoperable RCS implementation with a core feature set and configuration. 
 
Over the years the company has been able to build a robust telecom infrastructure by participating in spectrum auctions and partnering with other telecom operators for spectrum and tower sharing. RJIL is the first telecom operator to hold pan India Unified License. It has total liberalised spectrum holdings of 846.10 MHz in various frequency bands including spectrum acquired from Reliance Communications Limited in 13 circles. The company can use all the available liberalised spectrum for rolling out services across all technology, 2G/3G/4G . In addition, RJIL has entered into agreement with RCOM for sharing of spectrum in the 800 MHz band across 21 circles. Only RJIL is using sub-GHz spectrum band for LTE services in the country today. Sub-GHz spectrum is the most trusted frequency for LTE services globally; with the help of 800zmhz spectrum the company deploy 4G services with lesser investment in infrastructure. 
 
Image Source: Jio.com

Reliance Jio 4G services launch, still few months away

<keyword id="6354485" type="CITY" weightage="60" keywordseo="mobile">Mobile</keyword> Insights is a daily newsletter from <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> delivered first thing every morning exclusively to <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> subscribers. <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">Sign up for a free trial of BI Intelligence today</a>.

<a href="http://www.adotas.com/2013/02/men-women-and-their-relationship-with-%E2%80%A6-their-phones-and-mobile-advertising/">The Difference In Cell Behavior By Gender</a> (Marchex Institute via Adotas) The Marchex Institute took a data dive into the various phone habits of <keyword id="2754" type="CITY" weightage="60" keywordseo="Men">men</keyword> and <keyword id="624" type="ORGANIZATION" weightage="60" keywordseo="Women">women</keyword>. The findings may surprise you:
Men spend more time on the phone:
<div class="image-container center" style="width:600px"><div class="image"></div>Marchex Institute</div>
Males and females call different kinds of businesses:
<div class="image-container center" style="width:600px"><div class="image"></div>Marchex Institute</div>
Men call earlier in the day than women:
<div class="image-container center" style="width:600px"><div class="image"></div>Marchex Institute</div>
Perhaps there is no dramatic conclusion here, but men and women do exhibit different tendencies on the phone with businesses. <a href="http://www.adotas.com/2013/02/men-women-and-their-relationship-with-%E2%80%A6-their-phones-and-mobile-advertising/">Read &gt;&gt;</a>
<a href="http://techcrunch.com/2013/02/14/mobile-video-startup-vuclip-buys-jigsee-to-target-emerging-markets-with-apps/">Mobile Video Start-Up Consolidation Begins</a> (TechCrunch) A little consolidation underway in the world of <keyword id="1583722" type="UNKNOWN" weightage="60" keywordseo="mobile-video">mobile video</keyword> streaming. Vuclip, a startup that offers mobile video streaming services to across some 200 countries and 5,500 devices, announced that it is acquiring Jigsee, an app platform created specifically to let content publishers create their own mobile video apps. Financial terms of the deal were not disclosed, but to date Vuclip has raised some $35 million in funding, including a $13 million Series D round in November 2012 from SingTel, NEA and Jafco. <a href="http://techcrunch.com/2013/02/14/mobile-video-startup-vuclip-buys-jigsee-to-target-emerging-markets-with-apps/">Read &gt;&gt;</a>
<a href="http://www.engadget.com/2013/02/14/idc-android-surged-to-69-percent-smartphone-share-in-2012/">Android Commands Nearly 70 Percent Of The Smartphone Market</a> (IDC via Engadget) IDC estimates that Google's OS climbed from 49.2 percent of the smartphone space in 2011 to 68.8 percent in 2012.
<div class="image-container center" style="width:600px"><div class="image"></div>IDC</div>
The fourth quarter results paint a slightly different picture. <keyword id="6355645" type="COMPANY" weightage="60" keywordseo="android">Android</keyword> still had a comfortable 70.1 percent of share, but it took a hit from 75 percent in the third quarter. The iPhone 5 launch helped <keyword id="75489" type="ORGANIZATION" weightage="60" keywordseo="IOS">iOS</keyword> claw back enough share to hit 21 percent. <a href="http://www.engadget.com/2013/02/14/idc-android-surged-to-69-percent-smartphone-share-in-2012/">Read &gt;&gt;</a>
<a href="http://www.maas360.com/maasters/blog/mobile-device-management/exploring-top-5-mobile-tech-trends-february-march-2013">Top Five Mobile Tech Trends Heading Into March</a> (MaaS360) Here are the top 5 <keyword id="15467" type="COMPANY" weightage="60" keywordseo="trends">trends</keyword> expected to gain mobile momentum this month leading into March:
<ol>
<li>Mad Phone Disease: Watch out for "madware,” an aggressive form of mobile advertising.</li>
<li>The BlackBerry 10: It will be interesting to see the outcome.</li>
<li>Practical Advice for Working on a Device: How to master the mobile tech trifecta (laptop, smartphone, tablet).</li>
<li>Device Manufacturers Embrace BYOD (Bring Your Own Device) Trends: How businesses will work to balance the protection of corporate data and personal information.</li>
<li>iPad in the Enterprise: Which tablets become the preferred choice for business?</li>
</ol>
Amid the device dialogue and announcements, be aware of the topics that will continue to be talked and typed about throughout the year. <a href="http://www.maas360.com/maasters/blog/mobile-device-management/exploring-top-5-mobile-tech-trends-february-march-2013">Read &gt;&gt;</a>
<a href="http://www.businessinsider.com/bii-report-how-4g-lte-is-transforming-the-mobile-ecosystem-2013-2">How 4G LTE Is Transforming The Mobile Ecosystem</a> (<keyword id="1736808" type="UNKNOWN" weightage="60" keywordseo="BI-Intelligence">BI Intelligence</keyword>) The dream of digital media at our fingertips has historically been hampered by slow wireless networks and disparate standards. But the entire mobile ecosystem took a big step forward when Verizon, the largest U.S. carrier, launched <keyword id="334031" type="COMPANY" weightage="60" keywordseo="LTE">LTE</keyword> in early 2010. Modern smartphones are increasingly engineered to take advantage of LTE network speeds. In a <a href="https://intelligence.businessinsider.com/how-lte-accelerates-the-shift-to-mobile-2012-10?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">recent report</a> from BI Intelligence, we analyze the impact LTE can have on consumer behavior, device preferences, and data usage and pricing, explain how LTE has the potential to add new layers of functionality to entire app categories such as games and maps, and look at the build-out and availability of LTE in the U.S. and around the world. <a href="https://intelligence.businessinsider.com/how-lte-accelerates-the-shift-to-mobile-2012-10?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">Read &gt;&gt;</a>
<a href="http://www.forbes.com/sites/benzingainsights/2013/02/14/apple-wins-big-government-account-for-10k-iphones-ipads/">Apple Wins Big Government Account</a> (Forbes) More than 6,000 New Zealand police officers are getting an iPhone after the nation signed a 10-year outsourcing contract with Vodafone. Of those 6,000 officers, 3,900 will also receive an iPad, creating the most lucrative deal <keyword id="6354427" type="CITY" weightage="60" keywordseo="Apple">Apple</keyword> has announced since Home Depot announced that it planned to dump BlackBerry for the iPhone. That deal led to the replacement of roughly 10,000 BlackBerry devices, providing Apple with another large order. <a href="http://www.forbes.com/sites/benzingainsights/2013/02/14/apple-wins-big-government-account-for-10k-iphones-ipads/">Read &gt;&gt;</a>
<a href="http://readwrite.com/2013/02/14/where-has-all-the-mobile-malware-gone">Where Has All The Mobile Malware Gone?</a> (readwrite mobile) <div class="image-container float_right" style="width:200px"><div class="image"></div>F-Secure</div>Mobile <keyword id="54201" type="UNKNOWN" weightage="60" keywordseo="Malware">malware</keyword> is out there. Android is apparently getting slammed, according to the security firms, but I've yet to meet anyone that has experienced mobile malware, and I bet you haven't, either. Why? Security software vendor ESET predicts "exponential growth of mobile malware" in 2013, coming on the heels of a boom in mobile malware in 2012. Security company F-Secure finds that 79 percent of this new malware is focused squarely on the market leader, Android. So why haven't you been hacked? It's possible that you have been attacked, but didn't recognize it. But if you're living in North America or Western Europe, you apparently aren't the target. Yet. According to ESET, China, Russia and Iran have the highest incidence of malware by far. While mobile security firm BitDefender expects attacks against devices in North America and Europe to increase in 2013, the people infected are largely those visiting the seedier side of the Web, be it porn sites or unofficial app marketplaces. <a href="http://readwrite.com/2013/02/14/where-has-all-the-mobile-malware-gone">Read &gt;&gt;</a>
<a href="http://socialmediatoday.com/janeandrew01/1241286/mobile-phone-rescues-valentine-s-day-heartbreak">BONUS: Mobile Phone Rescues From Valentine’s Day Heartbreak</a> (MobiStealth via socialmedia today) The infographic below will let you know how your mobile phone can come to your rescue. <a href="http://socialmediatoday.com/janeandrew01/1241286/mobile-phone-rescues-valentine-s-day-heartbreak">Read &gt;&gt;</a>
<div class="image-container center" style="width:600px"><div class="image"></div>MobiStealth</div>

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