Bharti

Triple success for Akhil Gupta at CFO Awards for India

• ● Bharti Airtel Joint MD & CFO wins ‘Best CFO of the Year’ and ‘Best Performing CFO in the Telecommunications Sector’ awards.
• ● Also wins the ‘Best CFO of the Year - People's Choice’ award.

New Delhi, November 26, 2006 : Mr. Akhil Gupta, Joint MD and CFO, Bharti Airtel Ltd. won three awards at the first ‘CNBC TV18 CFO Awards for India’ hosted by Ras Al Khaimah Free Trade Zone in UAE. The awards panel voted Mr. Gupta as ‘Best CFO of the Year’ and ‘Best Performing CFO in the Telecommunications Sector’. In addition, Mr. Gupta won the ‘Best CFO of the Year - People's Choice Award’.

On receiving the awards Mr. Akhil Gupta said, “I am honoured to have received these awards, in particular, the People’s Choice Award. These awards are a salute to the highest standards of transparency and corporate governance at Bharti Airtel. I would like to thank the jury members and the viewers for recognising our efforts.”

The 2006 CFO Awards for India have been designed to recognise and reward financial excellence and leadership and honour individuals who have emerged as 'Thoughtful Leaders'. An eminent awards jury panel that included, T.V Mohandas Pai, Director, HR & ENR, Infosys.; Shailesh Haribhakti, Chairman, FPSB India; Sumant Sinha, CFO, AV Birla Group; Dileep Choksi, Joint Managing Partner, Deloitte Haskins and Sell; Subrata Mukherji, MD, ICICI Securities Ltd.; and KK Mistry, MD, HDFC, assessed more than 1,000 CFOs from a range of categories rflecting the diverse nature of finance.

About Bharti Airtel Limited : Bharti Airtel Limited is one of India’s leading private sector providers of telecommunications services with an aggregate of 30.27 million customers as of end of October‘06, consisting of 28.61 million mobile customers. Bharti Airtel has been rated among 10 best performing companies in the world in the BusinessWeek IT 100 list. Bharti Airtel is structured into three strategic business units - Mobile services, Broadband & Telephone (B&T) services and Enterprise services. The mobile business provides mobile & fixed wireless services using GSM technology across 23 telecom circles. The B&T business provides broadband & telephone services in 94 cities. The Enterprise services provide end-to-end telecom solutions to corporate customers and national & international long distance services to carriers. All these services are provided under the Airtel brand. Airtel’s high-speed optic fibre network currently spans over 36,000 kms covering all the major cities in the country. The company has two international landing stations in Chennai that connects two submarine cable systems - i2i to Singapore and SEA-ME-WE-4 to Europe. For more information, visit www.bhartiairtel.in