Page 3 - Bharti Airtel Board

Expanding banking points, product lines, debit cards in rural areas: Airtel

Airtel Payments Bank is experiencing "strong tailwinds of demand", and will grow its banking points and deepen product offering range this year, as it looks to raise customer count and average realisation per user, according to CEO Anubrata Biswas. Airtel Payments Bank will also launch its physical debit card for rural banking consumers in September quarter (Q2FY24), having launched it already in urban markets. "We are experiencing strong tailwinds of demand, and keeping our focus on consumer choice, sustainable model and costs...The opportunity is limitless as long as we stay focused on solving consumer needs and problems," Biswas told PTI. The payments bank has grown by a CAGR of 35-40 per cent between mid 2018 and mid 2023, and expects to close the June quarter (Q1) with an annualised run rate of Rs 1,600 crore. "Today our Average Revenue Per User (ARPU) is in low 20s (in rupee terms), and as our product penetration increases, and cross-sell efforts increase, our ARPU will go up

Vodafone Idea in contact with vendors to launch 5G, funding delay a hurdle

Speaking on the current telecom market in the country, VI's chairman Ravinder Takkar said that telecom tariffs remain unsustainable and need to rise significantly for business to thrive

Bharti group-backed OneWeb could begin satellite broadband services by Sept

A company executive said OneWeb's satellite broadband services can begin in India as soon as spectrum in the Ka/Ku bands is allotted

Airtel to manage cloud, content for digital education platform DIKSHA

Airtel will be responsible for end-to-end management of DIKSHA's online platforms across its mobile application and website

Bharti Airtel Q4 results: Net profit surges 50% to Rs 3,006 crore

Its revenue witnessed a 14.3 per cent YoY rise and reached Rs 36,009 crore in Q4FY23

WhatsApp to partner with Truecaller to end the menace of spam calls

For Truecaller, India is its biggest market with 250 million users. It has 350 million users globally and earns its revenue from advertising, and subscription services

Airtel to merge Sri Lanka ops with Dialog to make nation's largest telco

Merging operations with Dialog is expected to give Airtel access to a larger user base in island nation

Brookfield, Bharti enter commercial real estate JV worth Rs 5,000 cr

Brookfield Asset Management says deal marks its commitment to build 'future-ready office environments' in India

Telecom operator Airtel reaches 1 mn customer mark on 5G network in Mumbai

Telecom operator Bharti Airtel on Thursday announced that it has surpassed the 1 million 5G user mark on its network in Mumbai. Airtel recently crossed the 10 million unique customer mark on its 5G network nationally. The Sunil Mittal-led telco said it is well poised to cover every town and key rural areas with Airtel 5G services by end of March 2024. The Airtel statement said it had surpasses 1 million customer mark on its 5G network in Mumbai. "Airtel was the first to roll-out 5G in the country and Mumbai was one among the first 8 cities to get ultra fast Airtel 5G Plus. Today, Airtel's 5G services is available in over 140 cities across the length and breadth of the country," it said. Airtel 5G Plus is currently live in several key locations in Mumbai, including Gateway of India, Nariman Point, Film City, Bandra-Kurla Complex, Mumbai Metro junctions of Ghatkopar & Andheri, Chhatrapati Shivaji railway Terminus (CST), among others. Vibhor Gupta, CEO Mumbai, Bharti Airtel, said "We

Bharti Airtel to hike mobile services rates across all plans this year

Bharti Airtel is looking to raise mobile phone call and data rates across all plans this year, telecom firm's Chairman Sunil Bharti Mittal said here. The company last month increased the price of its minimum recharge or the entry-level for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles. Responding to a PTI query on the need for a tariff hike when the company's balance sheet is healthy, he said the return on capital in the telecom business is very low and a tariff hike is expected this year. "It (tariff hike) will happen across the board," Mittal said at Mobile World Congress (MWC) here on Monday. He said the company has injected a lot of capital that has made the balance sheet strong but the return on capital in the industry is very low. "That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope it happens this year," Mittal said. Asked about the impact of price increase on people at the

Airtel 5G Plus now live in all north-eastern states, says Bharti Airtel

Bharti Airtel on Wednesday said that its 5G services are now live in all states in the north-east region and existing data plans will work on 5G until the roll-out is complete.

Bharti Airtel sees limited scope of 5G monetisation currently: Executive

Fewer people upgrading to 5G handsets, says top executive

Can low earth orbit satellites roar? Mittal, Musk, Tatas putting in money

The size of the market will also depend on which customer segment the players are targeting

Airtel to finalise tariff for 5G services in a few days, executive says

Broader point is that tariff must rise and telco will be happy to take the lead, he adds

Pan-Indian 5G roll-out soon, will cover all towns by March 2024: Airtel CEO

Bharti Airtel acquired 19,867 MHz, worth Rs 43,084 crore, in the recently concluded spectrum auction

Well-poised to usher in 5G revolution in India, says Bharti Airtel

Bharti Airtel on Monday said it is well-positioned to usher in the 5G revolution in India after Sunil Mittal-led telco acquired spectrum worth Rs 43,084 crore in the auction. Airtel acquired 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz frequency bands, bolstering its spectrum holding. "The acquisition of this vast amount of spectrum strapped on to an already industry best existing pool of spectrum will mean that the company does not need to spend any material sum on the spectrum for many years to come," Airtel said in a statement. In addition, the spectrum buy has enabled Airtel to drastically reduce the payout towards spectrum usage charges (SUC) and eliminate the adverse arbitrage compared to new entrants. "Airtel now has the widest mobile broadband footprint across the country, making it well-positioned to usher in the 5G revolution in India," the statement said and claimed it is set to "lead India's 5G revolution". From demonstrating India's first 5

5G auction enters fifth day; 71% spectrum on block sold in first 4 days

Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far.

Airtel chief Sunil Mittal's remuneration falls 5% to Rs 15.39 cr in FY22

Bharti Airtel chairman Mittal's remuneration fell nearly five per cent in the financial year 2021-22 to Rs 15.39 crore on lower perquisite value, according to the telecom company's annual report

Airtel completes country's first 5G private network trial at Bosch unit

Trial comes ahead of a 5G spectrum auction this month and amid a battle among telecom and IT companies on spectrum allotment for private networks

Airtel approves allotment of 71.1 mn shares to Google at Rs 734 per share

Google will hold 1.2 per cent of the total post-issue equity shares of the company, Bharti Airtel said