Page 2 - Bharti Airtel Telecom

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 ..

Stock of this recently listed IPO has zoomed 72% over issue price in 4 days

The strong demand for Bharti Hexacom stock is seen following a robust response to the company's Rs 4,275-crore IPO, which was subscribed nearly 30 times.

Bharti Airtel Q2 results: Net profit slips 37.5% over one-time charges

Misses estimates for both earnings and revenue; Arpu on the rise

Reliance Jio takes contrarian call on 5G services, not to raise tariff

Not to raise tariff; focus not only on mobility but also on connecting India's over 330 million households with broadband based on 5G last-mile connectivity

Starlink to get licence to offer satellite internet by next month

After getting the license, Starlink will become eligible for spectrum allocation, after which it can start providing satellite broadband services

Bharti Airtel prepays Rs 8,024 crore of deferred spectrum liabilities

They are separate from Adjusted Gross Revenue (AGR) liabilities which are the usage and licensing fees that telecom operators are charged by the government

Made in India Tesla for Rs 20L? Company in talks with govt to set up plant

Tesla already has a substantial presence in China, and now, the company is looking at India as an export base to supply cars to other markets in the Indo-Pacific region

Starlink a step closer to launching its satellite-based internet in India

As Starlink goes ahead with its plan, it will have rivals like Bharti Group company OneWeb, Amazon, and Reliance Jio's satcom waiting for it

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

5G rollout: Citing economic viability, telcos seek tax cuts from govt

Reliance Jio and Bharti Airtel are going neck-to-neck in rolling out 5G services. Currently, they offer 5G services in around 500 cities and towns in the country

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 buys 7% in cloud networking startup Cnergee Tech for undisclosed sum

Airtel has bought the stake at mutually agreed pre-money enterprise valuation but did not disclose the valuation due to reasons of confidentiality

Select telecom stocks testing key supports; MTNL may soar 20%, charts show

The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.

Airtel says recent tariff revision consolidated net 4G SIM additions

In late-November 2021, Bharti Airtel increased tariffs on prepaid plans by around 20 per cent, as did by Reliance Jio and Vodafone Idea

Stocks to Watch: Axis Bank, Airtel, SBI Cards, Voda Idea, IEX, Burger King

Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.

Sebi disposes of proceedings against Bharti Airtel, Sunil Mittal, 2 others

Sebi disposed of proceedings against four entities including Bharti Telecom Ltd and Sunil Bharti Mittal, in a matter related to alleged violation of insider trading norms

Bharti Airtel hits seven-month low in a strong market; down 20% in 1 month

The board of Bharti Airtel is schedule to meet on October 27, 2020 to consider the audited financial results for the second quarter ended September 30, 2020

Voda Idea, Bharti Airtel: How to trade telecom stocks in the current market

Telecom stocks have been in limelight since the past few weeks - be it Jio Platforms selling stake to marquee global investors or Google eyeing stake in Voda Idea. Here are the key levels to track

Bharti Airtel regains Rs 2 trillion m-cap, stock surges 16% in one week

The stock was trading in the positive zone for the fifth straight day, hitting its highest level since March 2018.

Airtel, Voda Idea cut ring time to 25 sec to counter Jio, slam TRAI

Telecom regulator TRAI had asked the warring operators to arrive at a mutually acceptable solution over the dispute until it concludes a formal consultation on the matter