Telecom companies were offered a four-year moratorium on their AGR dues spectrum dues up to FY17, in line with a Supreme Court order
Several Airtel users in India reportedly faced Internet and signal outage on Thursday. However, the company said it has restored the services.
With only "two-and-a-half players" left in the highly competitive domestic telecom sector, the future of battle hardened Bharti Airtel looks good now, its Chairman Sunil Mittal said on Thursday
The company's board approved issuance of non-convertible debt securities, including debentures, bonds to raise Rs 7,500 cr
Bharti Airtel has notified the exchanges that its board will on January 28 consider a proposal for issuance of equity capital through a preferential issue
"Remote work is the norm at the moment," Mittal said. "My own view is one year from now this poll would show a reduced percentage on remote work, and the green economy will get even more momentum."
The partnership with Airtel Nxtra will help Oracle expand the capacity of its India West region, said Garrett Ilg, President, Oracle Japan and Asia Pacific.
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Fund raising mainly to make payments towards AGR-related liabilities
The rights entitlement ratio entails 1 equity share for every 14 equity shares held by eligible shareholders as on the record date
Telecom operator Bharti Airtel on Wednesday said its board will meet on August 29 to consider various capital raising options, including equity and debt.
Telecom operator Bharti Airtel on Wednesday said its board will meet on August 29 to consider various capital raising options.
'Airtel Black' offers four new fixed-bundle plans priced from Rs 998 per month to Rs 2,099 per month
Govt announces new guidelines to curb misuse of social media platforms; Bharti Airtel raises $1.25 bn through dual-tranche dollar bonds
The telecom sector is gearing up for spectrum auctions and roll-out of new-age technologies
Bharti Airtel had, last month, told the exchange that it has deferred the September quarter result announcement till November 14, due to the adjusted gross revenue (AGR) issue.
Last month, Bharti Airtel had said it would seek shareholders' approval at an EGM on January 3 for raising up to $ 2 billion through QIP
The board for now has given its go-ahead to raise up to $3 bn and has also approved raising an additional $1 bn, an official said
The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue