Page 12 - Bharti Airtel

Airtel, Vi sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore

Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday. FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited. "Bharti Airtel Limited has entered into a Share Purchase Agreement with iBus Network and Infrastructure Private Limited for transfer of Company's entire stake (50 per cent) in Firefly Networks Limited," Airtel said in a filing. The deal is expected to close within 30 business days from the date of execution of the agreement between the firms. "The Company will receive Rs 45 million for the sale of its entire stake (50 per cent) held in Firefly," Vodafone Idea said in a separate filing. Firefly manages and monetises Wi-Fi hotspots by providing the best Wi-Fi infrastructure to partners like educational institutes, hospitals, malls, cafes, public hangout

Stocks to Watch, Jan 3, 2025: TaMo, M&M, Airtel, Avenue Supermarts, IOC

Stocks to Watch, Jan 3, 2025: From Avenue Supermarts to Tata Motors, here are few stocks that will be on investors' radar today

Airtel outage: Users report disruptions in mobile, broadband services

Airtel service outage: The outage caused major problems for mobile internet users, who made up 39 per cent of the complaints. It also affected businesses that rely on Airtel's broadband services

Tariff impact: Reliance Jio loses 3.76 million users in October 2024

Airtel adds 1.9 million users after 3 months, BSNL grows base

Jio loses 3.76 mn wireless subscribers in Oct but tops up on 'active' users

India's largest telecom operator Reliance Jio lost 37.6 lakh wireless subscribers in October but spruced up its active mobile subscriber base by adding 38.47 lakh users, as per monthly data released by telecom regulator Trai on Monday. Overall, Bharti Airtel added 19.28 lakh users to its wireless coffers during the month and its active subscriber gains were about 27.23 lakh for October. Vodafone Idea lost 19.77 lakh wireless subscribers and its active subscriber base fell nearly 7.23 lakh users. Overall, so far as headline numbers are concerned, Reliance Jio's total wireless tally slipped to 46 crore in October down from about 46.37 crore in September, although its active user base (a key monitorable for telcos) strengthened. The total wireless user base of Vodafone Idea fell to 21.04 crore in October from 21.24 crore in the previous month. In all, the total number of active wireless subscribers in the month under review was 1,066.67 million (106.6 crore), as per Trai's sectoral .

Bharti Airtel clears all dues for 2016 spectrum, prepays Rs 3,626 crore

Airtel has cleared dues from 2012 and 2015 auctions earlier this year

Bharti Airtel clears 2016 spectrum liabilities by paying Rs 3,626 crore

Indian telecom operators owe the government significant spectrum fees, following years of high-stakes auctions and competitive bidding for airwave rights

Airtel become first private telco to connect Kupwara, Baramulla, Bandipore

Bharti Airtel has become the first private telecom operator to launch mobile services in Kupwara, Baramulla and Bandipore districts of Jammu and Kashmir, the company said on Wednesday. The company said that it has deployed 15 mobile towers in Kupwara, Baramulla and Bandipore districts, which will benefit the local population and also offer essential communication connections for soldiers stationed along the Line of Control. "Bharti Airtel has partnered with the Indian Army to bring connectivity to villages in Kupwara, Baramulla and Bandipore districts along the Line of Control in North Kashmir," the company said in a statement. Under the Vibrant Village Programme, villages such as Kachhal, Balbir, Razdan Pass, Taya Top, Ustad, Kathi, and Cheema are now connected to the rest of the country. These villages are located in the Keran, Machhal, Tangdhar, Gurez, and Uri valley regions, spanning the three districts of Kupwara, Baramulla, and Bandipore. "Airtel is the only private telecom

Bharti Airtel slips after DoT imposes Rs 79,000 penalty; check details here

Bharti Airtel received a notice from DoT for alleged violation of subscriber verification norms and was penalised Rs 79,000 for violation

Rajesh Bhosale of Angel One picks 2 stocks to buy for upside on Dec 16

Stocks to Buy for upside: We can see a Cup and Handle breakout in Bharti Airtel share price, further strengthening the bullish outlook

Mcap of 5 of top-10 most valued firms climb to Rs 1.13 trn; Airtel shines

Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were the gainers, Reliance Industries, State Bank of India, Life Insurance Corporation of India (LIC), ITC and Hindustan Unilever took a hit in their valuations. Last week, the BSE benchmark gained 623.07 points or 0.76 per cent and the Nifty advanced 90.5 points or 0.36 per cent. The market valuation of Bharti Airtel surged by Rs 47,836.6 crore to Rs 9,57,842.40 crore. Infosys added Rs 31,826.97 crore to its valuation at Rs 8,30,387.10 crore. HDFC Bank's valuation rose by Rs 11,887.78 crore to Rs 14,31,158.06 crore and that of ICICI Bank increased by Rs 11,760.8 crore to Rs 9,49,306.37 crore. The market capitalisation (mcap) of TCS climbed Rs 9,805.02 crore to Rs 16,18,587.63 crore. However, the mcap of Reliance Industries declined by Rs 52,031.98 crore

Vi board approves plan to raise Rs 1,980 crore from promoter units

Omega Telecom Holdings and Usha Martin Telematics to hold nearly 3 per cent of Vi after issue

Airtel's AI-powered spam filter catches 8 bn calls and 0.8 bn SMS

Up to 6 per cent of all calls, 2 per cent of SMS noted as spam on the Airtel network

AI-powered solution helped block 8 bn spam calls, 0.8 bn SMSes: Airtel

Delhi has seen the highest number of spam calls, followed by Andhra Pradesh and Western Uttar Pradesh. Most spam calls originated in Delhi, with Mumbai and Karnataka next

Tariff hikes, consolidation may lead to further gains for telecom players

Industry likely to benefit further as full gains from tariff hikes seen over next two quarters; consolidation may lead to further increases

Airtel awards 'multi-year, multi-billion' extension deal to Ericsson

Second such deal announced by telco in past two-weeks, will aim to deploy 5G gear

Bharti Airtel signs multi-billion deal with Ericsson for 4G, 5G expansion

Airtel inks multi-billion-dollar deal with Ericsson to extend 4G, 5G contracts; aims to enhance network capacity, coverage, and customer experience amid fierce market competition

Bharti Airtel stock soars 6%, logs sharpest intra-day rally in 18 months

S&P Global Ratings expects Airtel's earnings and cash flows to rise over the next 24 months, benefitting from the industry-wide hike in mobile tariffs in India.

Indian stock market could be bottoming out after crash, says Chris Wood

As an investment strategy, Wood has taken exposure in the US-listed online travel company MakeMyTrip in the India long-only portfolio with a 4 per cent weighting

Ajit Mishra of Religare Broking recommends these 3 stocks on Nov 28

The Nifty has demonstrated resilience throughout this consolidation phase, and the upcoming monthly expiry of November derivatives contracts on Thursday