Bharti Airtel wins EuroFinance Treasury award
TELECOMSBy BiztechAfrica - July 10, 2012, 8 a.m.
Bharti Airtel Limited has won the ‘Highly Commended Award’ at this year’s ‘EuroFinance Treasury Awards for Excellence’. The EuroFinance Treasury Awards are widely regarded as the most prestigious in the field of treasury excellence.
The theme for this year’s Euro Finance Treasury Awards was Volatility, Stability and Agility. The winners needed to demonstrate treasury operations that reflect “Survival of the fittest or adaptation of the most agile”.
The awards specifically acknowledged Bharti Airtel’s implementation of centralized treasury architecture, integrating operations across 20 countries at speed and its swift work on managing substantial (USD13 billion) and complex funding needs, very flexibly, across over 100 facilities from over 50 lenders.
Integration challenges arose after the acquisition of 15 country operations from Zain in Africa in 2010. The company’s innovative and extensive risk management framework for managing the new currency pairs, and smart liquidity solutions to utilize the excess cash also came in for praise. Overall the agility of treasury in the face of volatility, led by markets as also by its multi country acquisition, evolved it to become a strategic decision-maker for the business over the period.
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