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Airtel Honoured at ‘Eurofinance Treasury Awards for Excellence 2012’
Posted on: 17-Jul-2012         Source: citifmonline.com
Bharti Airtel Limited (Airtel), a leading global telecommunications company with operations in 20 countries across Asia and Africa including Ghana, has won the ‘Highly Commended Award’ at this year’s ‘EuroFinance Treasury Awards for 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 (USD 13Bn) and complex funding needs, very flexibly, across over 100 facilities from over 50 lenders.

Integration challenge arose post the acquisition of 15 country operations from Zain in Africa in 2010, which the Airtel treasury won over comprehensively through a well planned set of initiatives.

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.

In Ghana, Airtel has won several awards including the Best Mobile Money service at the recent MobileWorld Telcoms Awards 2012.

Other awards include; Voted Best Customer Care (by public vote via SMS) – 1st Mobile World Ghana Telcoms Awards 2011. This is very significant because it was by public vote via SMS which demonstrates the public’s confidence in Airtel Ghana’s services and their commitment to addressing customers’ telecoms needs.

Airtel was also voted Best Marketing Campaign and CEO of the year by the same awards committee.

Airtel Ghana has again been awarded the Telcoms Company of the Year, 2010 by the Chartered Institute of Marketing Ghana. This is indeed another manifestation of the confidence the public has in the company. Airtel Ghana is also widely recognized as Ghana’s fastest growing network.

The EuroFinance Treasury Awards are widely regarded as the most prestigious in the field of treasury excellence.

EuroFinance is a leading global provider of conferences, training and research on cash management, treasury and risk. Running more than 50 events worldwide, EuroFinance enables treasurers and CFOs to exchange innovative strategies, best practice and expert opinion.