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JP Morgan said it recently downgraded Bharti from OW to UW with a new price target of Rs 710
Telecom operator Bharti Airtel has plans to invest Rs 27,000-28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. While the company is planning to increase capital expenditure by 10-15 per cent, it has no plans to charge a premium rate for 5G services as it has not worked in several countries that tried to do so. "Airtel capex will be in line with that spent in the last three years. It may go up and down because of the faster rollout of 5G-- around Rs 27,000-28,000 crore. We may see an upsurge in one year and gradually moderate around the same level," the official, who did not wish to be named, told PTI. The company earlier had an annual average capex in the range of Rs 24,000-25,000 crore. The official said that capex is being largely spent on radios (mobile antennas), fibre, broadband, enterprise technology data centres etc. According to data shared by the telecom ministry, Bharti Airtel has rolled out 3,293 base stations for 5G till .
Telecom operator Bharti Airtel on Wednesday announced the launch of its 5G services in Jammu and Srinagar. Airtel, in a statement, said that its '5G Plus' services will be available to customers in a phased manner as the company continues to construct its network and complete the roll out. Customers with 5G enabled devices will enjoy high speed Airtel '5G Plus' network at no extra cost until the roll out is more widespread, the company said. Adarsh Verma, Chief Operating Officer of Bharti Airtel - Jammu, Kashmir and Ladakh, said: "I am thrilled to announce the launch of Airtel 5G Plus in Jammu and Srinagar. Airtel customers can now experience ultrafast network and enjoy speeds upto 20-30 times faster than the current 4G speeds." "We are in the process of lighting up the Union territories of J&K and Ladakh which will allow customers to enjoy superfast access to high-definition video streaming, gaming, multiple chatting, instant uploading of photos...," Verma added. Airtel 5G Plus .
Telecom operator Bharti Airtel and Apollo Hospitals have carried out India's first 5G driven, artificial intelligence guided trial to detect colon cancer, the telecom firm said on Thursday. The trial was conducted using AI on Airtel's 5G technology with ultra-low latency and high processing capabilities, as a result of which the colon cancer was detected much faster and with greater accuracy, it added. "At Airtel, we are geared up to lead this transformation and have demonstrated this by conducting India's first colonoscopy trials. Healthcare is one of the most promising use cases for 5G, and we are delighted to collaborate with Apollo Hospitals, AWS, HealthNet Global and Avesha," Airtel Business CEO and Director Ajay Chitkara said. HealthNet Global, AWS and Avesha were the other three companies that collaborated on this trial. The data was processed by Avesha edge inferencing applications on AWS platforms on real time basis, resulting in faster analysis. "AI assisted Colonoscopy
With an aim to build the world's largest CDP, Bharti Airtel said it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under its 'Start Up Accelerator Programme
Government departments have used it to build village land records, track rural roads, and manage water resources
Bharti Airtel on Friday said it has approved the allotment of equity worth USD 8.6 million, about Rs 71 crore, to those holding its foreign debt bonds issued in January 2020. The company had issued USD 1-billion 1.5 per cent foreign currency convertible bonds (FCCBs) that are due for 2025. "We wish to submit that upon receipt of notice for conversion of FCCBs of principle value of USD 8,600,000 from certain holders of FCCBs, the Special Committee of Directors for Fund Raising has...on December 09, 2022, approved the allotment of 1,188,917 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 521 per equity share to such holders of FCCBs," Bharti Airtel said in a regulatory filing. With this allotment, the company said that the outstanding principal value of FCCBs, as listed at Singapore Exchange Limited, stands reduced to USD 991.20 million.
Airtel on Tuesday launched a 'World Pass' traveller data roaming pack that works seamlessly across 181 countries
The Airtel World Pass international roaming plans offer significantly higher value in terms of data and voice benefits, Airtel said in a statement
World's longest subsea cable system aims to provide faster internet to almost 3 billion people
Telecom operator Bharti Airtel has won a cellular IoT solution mandate with TP Western Odisha Distribution Limited to deploy IoT solutions for 2 lakh Smart Meters, the company said on Tuesday. The company said that 70,000 electric smart meters will be delivered in the first phase. Smart metering is one of the most rapidly advancing use case for cellular IoT in India with several power distribution companies looking forward to invest in this space to prevent revenue leakage. Smart metering is also one of the fastest growing service lines within IoT business portfolio for Airtel. Airtel said that it is working with multiple state utilities in Punjab, Meghalaya, Jharkhand, West Bengal and Bihar. The centre has a big ambitious vision of replacing 30 crore conventional meters with Smart Meters in the next 5 years as part of the Advanced Metering Infrastructure (AMI) initiative, the statement said. * * * * * DCX signs pact with Shree Shubham Logistics Mumbai: Global agri fintech play
India's total mobile subscriber base fell by 3.6 million in September, with Vodafone Idea suffering subscriber count decline even as larger rivals Reliance Jio and Bharti Airtel added users month-on-month, according to telecom regulator's data. India's largest mobile operator Jio further cemented its position in the market, adding 7.2 lakh wireless subscriber during September, while Bharti Airtel increased its mobile users' tally by 4.12 lakh. Notably, while Jio led peers in September subscriber additions, its net adds this time were lower than 32.81 lakh subscribers the telco had gained in August. Ailing Vodafone Idea faced subscriber count decline (by 40 lakh), its base shrank to 24.91 crore during September. "Total wireless subscribers decreased from 1,149.11 million at the end of August-22, to 1,145.45 million at the end of September-22, thereby registering a monthly decline rate of 0.32 per cent," Telecom Regulatory Authority of India (TRAI) said releasing subscription data fo
Bharti Airtel has increased the price of its minimum recharge for 28 days mobilephone service plan by about 57 per cent to Rs 155 in Haryana and Odisha, according to the company's website and analysts. The company has stopped its minimum recharge plan of Rs 99, under which it offered 200 megabyte of data and calls at the rate of Rs 2.5 paise per second. In Haryana and Odisha, Airtel has now started offering the Rs 155-plan with unlimited calling, 1 GB data and 300 SMSes. According to sources closely engaged with the development, the company has started trial of the new plan and is likely to roll out the same across India based on the result. It is likely to end all 28-day calling plans with SMS and data priced below Rs 155. This means that even for getting SMS service in the monthly plan, a customer will have to recharge his mobilephone account with a Rs 155 voucher. An email query sent to Bharti Airtel in this regard elicited no reply. ICICI Securities said that Bharti Airtel has
Telecom operator Bharti Airtel on Monday said that it has rolled out the latest 5G services in Guwahati, the gateway to the Northeast. The 'Airtel 5G Plus' services will be available to customers in a phased manner as the company continues to construct its network and complete the rollout, Bharti Airtel said in a statement. "Customers with 5G enabled devices will enjoy high-speed Airtel 5G Plus network at no extra cost until the rollout is more widespread," it said, adding that the latest technology is available at select locations in the city. The company said the 'Airtel 5G Plus' will bolster the entire portfolio of services that it offers. "In addition, it will allow superfast access to high definition video streaming, gaming, multiple chatting, instant uploading of photos and more," it added. With this launch, India will get a fillip to economic growth as the 5G services will help various sectors like education, healthcare, manufacturing, agriculture, mobility and logistics, t
Member companies selected 26 board members for 2023-24 which include senior executives from mobile operators
Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore
Jio's 5G network using the C-band results in performance ranging between 606.53 Mbps and 875.26 Mbps median download speed
Here's how leading brokerages have interpreted Bharti Airtel's September 2022 quarter (Q2FY23) numbers
Smartphone maker Vivo on Tuesday said it will release software updates this month to make most of its 5G-enable handsets work with both standalone and non-standalone 5G networks. Standalone 5G network transmits only 5G signal, while the signal with a mix of 4G and 5G networks is called non-standalone 5G network. At present, Reliance Jio provides standalone 5G network while Bharti Airtel offers non-standalone 5G network. Vivo has launched 30 smartphones for 5G services, which are compatible with non-standalone 5G network. "More than six of our smartphones are supporting the 5G SA (standalone) network. Most of our smartphones are compatible with NSA (non-standalone network). We will release software updates this month which will make most of our smartphones compatible with 5G SA as well," Vivo India Business Strategy Head Paigham Danish told reporters on the sidelines of Vivo Tech Day. Vivo is the third largest smartphone seller in India, as per IDC. According to market research fi