Page 2 - Bharti Airtel Board

Bharti Airtel surges 2% on mixed bag of Q4 performance

Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)

Bharti Airtel, Cipla, Paytm, Colgate among seven stocks to track on May 15

At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses

Airtel says not in talks to buy Vodafone UK's stake in Indus Towers

"The company has no desire to raise its stake beyond what is required for financial consolidation of Indus in the company,' Airtel said in an exchange filing

Bharti Airtel signs deal to merge Sri Lankan unit with Dialog Axiata

Airtel Lanka to have 10.35% voting shares in the merged entity, according to agreement

Bharti Airtel to merge Sri Lanka ops with Dialog Axiata in equity swap deal

Telecom operator Bharti Airtel will merge its Sri Lanka operations with Dialog Axiata in an equity swap deal, a joint statement said on Thursday. Airtel Lanka's turnover in financial year 2023 was Rs 294 crore and it contributed 0.21 per cent to Bharti Airtel's overall business. "Dialog Axiata PLC , Axiata Group Berhad (Axiata) and Bharti Airtel Limited signed a definitive agreement to combine their operations in Sri Lanka," the statement said. Under the agreement, Sri Lanka-based telecom operator Dialog will acquire 100 per cent of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355 per cent of the total issued shares of Dialog by way of a share swap, it said. Airtel Sri Lanka commenced commercial operations in Sri Lanka in 2009. "The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger, underscoring its vision to advance the ..

Bharti Hexacom set to start trading after country's biggest IPO in a year

Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised Rs 4,330 crore a year ago

Mcap of 7 most valued firms climbs Rs 71,301 cr; Bharti Airtel shines

The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets were closed on Friday for Mahashivratri. The 30-share BSE Sensex on Thursday settled at a new closing peak of 74,119.39. The Nifty also ended at a fresh closing high of 22,493.55. Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday (March 2) to check their preparedness to handle major disruption or failure at the primary site. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC were the gainers, Reliance Industries, Infosys and Life Insurance Corporation of India (LIC) suffered erosion from their market valuation. The valuation of Bharti Airtel j

Bharti Airtel to allot 3.86 million equity shares to certain FCCB holders

Bharti Airtel on Friday said it will allot 38.6 lakh equity shares to certain FCCB holders at a conversion price of Rs 518 per equity share. This follows receipt of notice for conversion of FCCBs (Foreign Currency Convertible Bonds) of principal value of USD 27,795,000 from the FCCBs holders. Accordingly, it said, the paid-up equity share capital of the company has increased. The telco's committee of directors for fundraising approved the allotment of shares to these FCCB holders on Thursday, according to a regulatory filing. "...upon receipt of notices for conversion of FCCBs of principal value of USD 27,795,000 from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today, that is on February 01, 2024, approved the allotment of 3,864,800 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," the filing said. FCCB is a debt instrument to raise funds from overseas market. Such

Reliance to set up carbon fibre facility in Gujarat, support green growth

Reliance Jio completed the fastest roll-out of 5G infrastructure anywhere in the world

Jio adds 3.16 mn subscribers in October; Vi loses 2.04 mn: Trai data

India's largest telecom operator Reliance Jio added 31.59 lakh mobile users while rival Bharti Airtel's subscriber gain came in at 3.52 lakh in October 2023, as per monthly subscriber data by TRAI. There was no relief for the troubled telco Vodafone Idea on subscriber front, as it lost 20.44 lakh wireless subscribers in October. With the addition of 31.59 lakh users, Jio's total wireless subscriber count climbed to 45.23 crore in October from 44.92 crore in September. Sunil Mittal-led Airtel's wireless subscriber gain of 3.52 lakh pushed up the telco's user tally to 37.81 crore in October. The subscriber losses of Vodafone Idea Ltd (VIL) dragged its wireless user base to 22.54 crore in October, the data by Telecom Regulatory Authority of India (TRAI) showed. Cash-strapped VIL has been battling fundraising woes and subscriber losses.

Telcos likely to show little interest in upcoming spectrum auction

The telcos already have ample spectrum with them. With little scope for 5G monetisation, telecom companies do not see the need to spend towards acquiring more spectrum

Lack of real-life use cases preventing major telcos from charging for 5G

Telcos are looking for services that fully leverage 5G tech. In the absence of such services, the telcos have no option but to offer 5G services at 4G rates

Airtel, Ericsson test new tech that claims to save devices' battery on 5G

Bharti Airtel and Ericsson have tested a new technology that claims to save battery of devices on 5G network, the telecom gear maker said on Thursday. Ercisson claimed that its Reduced Capability (RedCap) solution will bring down complexity and extend the battery life of devices while delivering higher data rates. "The successful testing of RedCap technology on our network will enable futuristic IoT broadband adoption for devices including wearables and industrial sensors in a way that is both cost and energy efficient. RedCap's broader applicability will further our innovation agenda to bring out newer applications for consumers, industries and enterprises," Bharti Airtel CTO Randeep Sekhon said. Ericsson RedCap is a new radio access network (RAN) software solution that creates new 5G use cases and enables more 5G connections from devices such as smartwatches, other wearables, and industrial sensors and augmented and virtual reality devices. "With our customers like Airtel ...

Airtel vs Jio: Is satellite communication next battleground for disruption?

It is Airtel vs Jio again as a new wave of satellite communication promises to take broadband internet to the remotest corners

Jio-Airtel battle for home Wi-Fi connections as they aim for higher Arpu

The mobile Arpu for Airtel stood at Rs 200 at the end of the first quarter of FY24. On the other hand, Airtels's Arpu for home services stood at Rs 608

Airtel hits 50 mn 5G customers, says services now span all districts

Bharti Airtel on Saturday announced it has garnered over 50 million 5G customers on its network - a feat achieved within one year of the launch of Airtel 5G Plus. The Sunil Mittal-led telecom company also said Airtel 5G Plus services are available across all districts in the country. "Airtel continues its 5G growth streak with 50 million unique customers on its network," the company said. Making it one of the fastest rollouts in the country, Airtel 5G Plus is available across all the 28 states and 8 union territories. Randeep Sekhon, Chief Technology Officer (CTO) of Bharti Airtel said the telco is thrilled at the speed of adoption of 5G by millions of customers and added "we are reaching this milestone earlier than planned". "This marks a big expansion of Airtel's 5G coverage going from 1 million in October of 2022 to 50 million in just 12 months of the launch. The expansion continues at full speed and I am sure, we will continue to rapidly multiply as we work towards nationwide

Trai directs annual audit for telcos, asks to refund overcharged tariff

The audit has to be conducted by a panel of auditors notified by Trai. Non-compliance or failure to submit the report can result in monetary penalties that can go up to Rs 50 lakh

Airtel's contingent liabilities jump from Rs 4,100 cr to Rs 11,500 crore

Troubled Vodafone Idea (VI) has around Rs 7,000 crore in the form of one-time spectrum charge (OTSC) dues

Airtel Business first enterprise to link over 20 million IoT devices

Airtel Business's integrated IoT platform offers customised solutions for each IoT requirement of enterprises across 5G, 4G, narrowband-IoT (NBIoT), 2G, and satellite

Telcos dole out 7-8% salary hikes, up to 110% bonus to retain talent

The market leader, Reliance Jio has not announced the increments and bonuses so far