Bharti Airtel Limited — Important, 06-01-2025: Diversification/Disinvestment

Bharti Airtel Limited has entered into a Share Purchase Agreement to sell its entire 50% stake in Firefly Networks Limited to iBus Network and Infrastructure Private Limited for ₹45 million. This transaction is expected to complete within approximately 30 business days. The contribution of Firefly to Airtel's consolidated turnover for the financial year 2023-24 was minimal, at 0.0065%, indicating limited financial impact on Airtel. The sale reflects a strategic move to streamline operations and may lead to a positive outlook for investors, as it simplifies Airtel's joint ventures and focuses resources on core activities.