If firm's plea is accepted, govt will hold a stake in 4 telcos
Bought by ADN in the 2022 5G auctions, the airwaves are in the sought-after 26 GHz band
Adani Data Networks secured the right to use 400 MHz of spectrum in the 26 GHz millimetre wave band in August 2022. However, the company never rolled out its 5G services
The Nifty 50 index has surged over 11 per cent in the last eight trading sessions, and in the process has conquered its key moving averages, shows the daily chart.
Renewed buying by FIIs, coupled with short-covering on hopes of likely trade deals with the US fueled today's market rally, say analysts. The Sensex reclaimed 78,500-mark, and Nifty topped 23,850.
Bharti Airtel is now ranked 4th on the Indian stock exchanges in terms of market-cap; the stock has rallied nearly 15% in the last one month.
From Ridham Desai of Morgan Stanley, Wei Li, Global Chief Investment Strategist, BlackRock Inv. Institute and Shridatta Bhandwaldar of Canara Robeco MF, here is the market strategy of leading analysts
Shares of Airtel hit a record high of ₹1,818, as they soared 3.5% in intra-day trade, surpassing its previous high of ₹1,778.95 touched on September 26, 2024.
Technical charts suggest that shares of Bharti Airtel, Bajaj Finance and IndiGo can potentially appreciate another 15% from present levels; here are the key support and resistance levels to track.
Driven by tariff repair in the India wireless segment, Airtel's free cash flow generation improved significantly over the past few years.
Stocks to Buy: Analysts at Motilal Oswal Financial Services believe ICICI Bank, L&T, RIL, Indian Hotels, and Dixon Tech could be among stocks that may be insulated from Donald Trump-induced trade war
System is part of 45,000 km-long '2Africa', which will be the world's longest cable once completed
CLSA assigned a target price of ₹1,890 apiece for Bharati Airtel and ₹2,070 per share for Tata Communications
Airtel subsidiary redeems $1 billion worth of perpetual bonds
Bharti Airtel and subsidiary Bharti Hexacom have prepaid an additional Rs 5,985 crore of high-cost spectrum liabilities to the government, the telco said on Wednesday. Airtel's subsidiary Network i2i has also voluntarily called and redeemed USD 1 billion in 'perpetual debt securities'. "Bharti Airtel and its subsidiary Bharti Hexacom have prepaid additional Rs 5,985 crore to the Department of Telecom thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions," the Sunil Mittal-led company said. Network i2i Ltd has also voluntarily called and redeemed USD 1 billion in 'Perpetual Notes'. "Underscoring its commitment to financial prudence, operational efficiency, and its strong capital position, Airtel continues to prepay its high-cost spectrum liabilities, lowering its debt and cost of debt," it said. Airtel has now prepaid Rs 25,981 crore of high-cost spectrum liabilities for the current 2025 fiscal year and has cumulatively prepaid
Telecom operators like Jio, Airtel, and Vi have engaged vendors for a caller ID service on all smartphone screens without requiring any third-party app like Truecaller
Airtel share price, RIL share price: Ambiguity over regulatory clarity may keep upside in the stocks restricted, analysts cautioned
Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.
Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday. "The shareholding of 69.94 per cent, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the Company's wholly-owned subsidiary (i.e. Airtel Limited), post receiving requisite regulatory and corporate approvals. The above is an internal reorganisation of shareholding in the Bank and has no impact on the ownership of the Bank," Bharti Airtel said in the filing. According to the filing, the requisite regulatory and corporate approvals with regard to the transaction have been received by the company. Airtel Payments had a turnover of Rs 1,835.8 crore in 2023-24. "The transfer of shareholding falls within the purview of related party transactions and shall be done at arm's length," the filing said.
Bharti Airtel rose as much as 3.37 per cent to hit an intraday high of Rs 1717.25 per share, while RIL share gained up to 1.13 per cent to hit an intraday high of Rs 1,261.55