Page 6 - Airtel

Vodafone Idea subscribers porting out to BSNL after tariff hike: CEO

Capex into 4G to see 15% capacity rise, 16 million users covered in Q2, Moondra says

India's 2047 economic goal offers Airtel big opportunities: Sunil Mittal

India's strides towards the ambitious goal of being a USD 35 trillion economy by 2047, will provide Airtel tremendous growth opportunities and new avenues of business, Chairman Sunil Mittal has said. Mittal said 5G will play a critical role in accelerating the vibrant growth of India's digital landscape, as he asserted that Airtel is committed to being at the forefront of this intersection and working with policymakers and multiple stakeholders for achieving this goal. India's push on digitisation has made it an outlier in terms of delivering both public services and goods to the last mile, and observed that the telecom industry's significance as an economic multiplier is only likely to increase. "As India moves towards the ambitious goal of being a USD 35 trillion economy by 2047, your company will have tremendous opportunities for growth and new avenues of business," Mittal said in the company's latest annual report. The Airtel top honcho exuded confidence that the company will .

Airtel begins re-farming mid-band spectrum to meet growth in 5G traffic

Ready to begin 5G services through Standalone technology, telco says

Jio, Airtel, Vi, vs BSNL: Tariffs comparison and how to port to BSNL

Recently major telecom companies increased the prices of their plans. Here's a quick tariffs comparison between all the top companies

Has Airtel's customer database been breached by hackers? Company says this

A hacker had posted on X that data of nearly 375 million Airtel customers, including phone numbers, email addresses, and Aadhaar numbers, were supposedly for sale on the dark web

Airtel ordered to pay Rs 5 lakh fine for harassing customer in 2013 case

Airtel began harassing a customer for non-payment of dues despite the funds being credited to telecom giant's accounts

Reliance Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth

Reliance Jio posted the highest adjusted gross revenue, on the basis of which the government calculates spectrum and licence fee, at Rs 25,330.97 crore while Bharti Airtel saw its AGR grew at sharpest pace in March 2024 quarter, a report by sector regulator Trai said on Thursday. Reliance Jio's adjusted gross revenue (AGR) grew by 10.21 per cent during the latest January-March quarter from Rs 22,985 crore in the same period a year ago. Airtel's AGR grew by 13.25 per cent to Rs 20,951.91 crore in the March 2024 quarter from Rs 15,500.36 crore a year ago. Loss making Vodafone Idea posted a marginal 2.22 per cent year-on-year increase in AGR at Rs 7,370.75 crore from Rs 7,210.63 crore. State-owned BSNL and MTNL posted declines of 4.41 per cent and 13.78 per cent in AGR to Rs 1991.61 and Rs 156.61 crore, respectively. Overall, telecom service providers' gross revenue grew by 3.01 per cent on a year-over-year basis to Rs 87,926 crore and adjusted gross revenue grew by 9.25 per cent in

Jio, Airtel, Vi tariff hikes: How users can still avoid increased prices

There are still ways for customers to avoid the full impact of the tariff increases

Airtel, Jio, Vodafone Idea push for long-term recharges amid price hike

Leading telecom operators are targeting users with 365-day plans priced between Rs 2,545 and Rs 3,099 through aggressive in-app promotions

Jio, Airtel 5G pricing surge: Consumers to spend Rs 47,500 cr more annually

Reliance Jio and Bharti Airtel have taken decisive measures to effectively monetise 5G, significantly raising costs for consumers seeking premium next-generation mobile broadband

Airtel, Vi follow Jio in raising tariffs; prices hiked by up to 21%

Says mobile Arpu needs to be raised beyond Rs 300

After Jio, Bharti Airtel announces up to 21% tariff hike from July 3

Reliance Jio and Airtel have hiked tariffs by 10% to 25% following a subdued response to the recent government spectrum auction

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone

If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding

Telcos dial into caller ID service trials to combat rising spam calls

Telecom operators are assessing the feasibility of CNAP, where both number and caller name will be displayed during incoming calls

Airtel prepays dues of Rs 7,904 cr for spectrum acquisition in 2012, 2015

Telecom operator Bharti Airtel on Friday said it has prepaid the entire dues of Rs 7,904 crore for the spectrum it acquired in 2012 and 2015 to the Department of Telecom. Airtel acquired spectrum worth Rs 8.67 crore in 2012 and Rs 29,129 crore in 2015 auction. "Bharti Airtel...said that it has prepaid Rs 7,904 crore to the Department of Telecom. With this, the Company has fully prepaid all deferred liabilities pertaining to spectrum acquired in the auction of the year 2012 and 2015, which were at the highest interest cost of 9.75 and 10 per cent, respectively," the company said in a statement. The consolidated net debt for the company, including the impact of leases, declined to Rs 2,04,646 crore as of March 31, 2024, from Rs 2,13,126.4 crore as of March 31, 2024.

Bharti Airtel converts $49.87 mn worth of foreign debt bonds into equity

Telecom operator Bharti Airtel has converted USD 49.87 million worth of foreign debt bonds issued in January 2020 into equity, the company said on Tuesday. Airtel had raised USD 1,000 million through foreign currency convertible bonds in January 2020 that were convertible into the company's fully-paid up equity shares of Rs 5 each at any time on or after February 27, 2020, and up to the close of business hours on February 7, 2025, at the option of the FCCB holders. "We wish to submit that upon receipt of notices for conversion of FCCBs of principal value of USD 49.87 million from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today i.e. on June 11, 2024, approved the allotment of 6,934,266 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holder(s) of FCCBs," Airtel said in a regulatory filing. The company said that with this transaction, the outstanding principal value of FCCBs listed on t

Is 5G-enabled FWA the answer to the monetisation prayers of Jio and Airtel?

The cost of more towers is more than neutralised by the low price the telcos paid for the spectrum. Spectrum used currently for FWA is 43 times more expensive than the millimetre band

Telecom operators seek 5-6 year moratorium on spectrum purchases after 2025

Operators said such a moratorium is needed on spectrum bought in auctions from next year due to significant capital expenditure incurred in deploying 5G services

Allowing payment banks to lend will have big impact: Anubrata Biswas

Anubrata Biswas, managing director and chief executive officer of Airtel Payments Bank, discusses the quarterly results and future prospects with Harsh Kumar

As Ambani eyes Africa with new telecom venture, should Airtel be worried?

Reliance Industries Ltd, through its subsidiary, is set to offer cutting-edge 5G shared network infrastructure solutions in Africa in collaboration with a local company supported by Ghana