Bharti Airtel wins EuroFinance Treasury award
TELECOMS| 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.
MORE TELECOMS NEWS
Tigo QoS efforts reflected in NCA reportRecent efforts by Tigo Ghana to improve the quality of its network across the country have paid off as it made impressive strides by passing the various tests conducted by the National Communications Authority. Read More
Airtel Ghana sanctioned over QoSThe National Communication Authority (NCA) has sanctioned Airtel Ghana for an amount of Fifty Thousand Ghana Cedis (GH¢50,000.00) and directed it to resolve Stand-alone Dedicated Control Channel (SDCCH) Congestion in Jirapa and improve 3G network coverage in Wa, Lawra, Tumu and Jirapa by December 2015. Read More
MTN Business completes Hybrid Cloud offering with Microsoft Azure ExpressRouteMTN Business has taken another step in moving African enterprises closer to accessing cloud services, with the announcement that it will offer Microsoft Azure ExpressRoute to its clientele. Read More
MTN bags prestigious international awardMTN has joined an elite group of household brands such as Apple and Coca Cola after being voted the Brand of the Year in the telecommunications category at the World Branding Awards in London, United Kingdom. Read More
MTN Uganda slashes call ratesMTN Uganda may have fired the first salvo in a new price war in Uganda’s telecoms sector, with its reduction of calling rates across all networks by over 40 percent. Read More
Airtel, Liquid Telecom in pan-African fibre dealAirtel will use Liquid Telecom's terrestrial fibre network to connect its mobile base stations and enterprises. Read More
Smile, Samsung strike VOLTE deal in NigeriaSmile Communications Nigeria Limited has partnered with Samsung Electronics West Africa to launch the first LTE compliant smartphone in Nigeria. Read More
MTN group selects Ericsson Order to Cash SuiteMTN has signed a multi-year agreement with Ericsson to implement, support and manage Ericsson's Order to Cash suite. This solution enables MTN to standardize the customer experience of its products and services in all the markets it is operational. Read More
Hajj pilgrims commend MTN’s free incoming calls in SaudiPilgrims embarking on the 2015 Hajj have commended MTN Nigeria for offering free incoming calls while roaming in Saudi Arabia. This is in addition to special discounted rates for calls and data services. Read More
Gottfried Odamtten-Sowah appointed Tigo Business DirectorTo further strengthen its cutting-edge solutions to business customers and empower Small and Medium Enterprises (SMEs) to grow, Tigo Ghana has appointed Gottfried Odamtten-Sowah as the Director of Tigo Business. Read More
FEATURED STORYConnectivity critical for Nigeria's ICT sector, says SES chief
Connectivity is vital for any country to fully optimise the huge potential of cyberspace, SES Sales Manager for West Africa Joy Nma Emenike tells Kokumo Goodie.
BEST READ NEWS
IN DEPTHHigh tech homes: Just press play
High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.