Page 14 - Bharti Airtel

Bharti Airtel's valuations to sustain on market share & cash flow gains

Given these triggers, brokerages believe that premium valuations for the stock are justified

Airtel Finance offers FD service, partners with NBFCs, small finance banks

Bharti Airtel on Monday announced the launch of a fixed deposits marketplace under its digital arm Airtel Finance, backed by partnerships with leading NBFCs and small finance banks. The marketplace enables Airtel Finance to provide an assured return and fixed-income investment option on the digital platform that is built on top of Airtel's Thanks App framework, according to a release. "Bharti Airtel today announced the launch of a fixed deposits marketplace under its digital arm, Airtel Finance. These fixed deposits come at an attractive interest rate of up to 9.1 per cent per annum," it said. Airtel Finance has offered the fixed deposit service through partnerships with multiple small finance banks and NBFCs including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank and Shriram Finance. This will help customers lock in assured returns at high rates of interest. Anshul Kheterpal, Chief Business Officer, Airtel Finance said, "We have partnered with the best ban

Airtel deploys more spectrum in Rajasthan to boost 5G, 4G network capacity

Telecom operator Bharti Airtel on Wednesday said it has deployed more spectrum across all 50 districts in Rajasthan, boosting 5G/4G network capacities to spruce up voice and data connectivity for subscribers in the state. The deployment will also widen Airtel coverage along highways and rail routes and increase its footprint in rural areas amid an exponential rise in the demand for connectivity. An Airtel release said the company has completed the deployment of the additional spectrum it acquired in July 2024. The additional spectrum has been deployed across all 50 districts in the state. "The deployment of additional 5MHz on the 1800 band and additional 4Mhz on the 900 band will give a boost to Airtel's 5G/4G network capacities, which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas," the release said. Subscribers across Jaipur, Udaipur, Jodhpur, Kota, Bikaner, Ajmer, Bhilwara, Alwar,

Supreme Court to hear curative pleas from telecom operators on AGR Dues

Supreme Court will consider curative petitions from Bharti Airtel and Vodafone Idea, among other telcos, in a closed session on Friday

Jio's network cost per tower less than Airtel's but gap shrinking: Analysts

Bharti Airtel's energy costs per tower reduced at a faster pace in FY24 bringing it closer to Jio's

Indus Towers to become Bharti Airtel subsidiary after share buyback

The board of Indus Towers has approved the buyback of 56.7 million shares. giving Airtel a 50.05 percent

Bharti Airtel to shut down Wynk Music app, absorb all employees: Report

Bharti Airtel will exit from music vertical and shut down its Wynk Music app, according to sources. The company will absorb all Wynk Music employees. "Airtel is planning to close Wynk Music in the next couple of months. It will absorb all the employees into the company," a source told PTI. When contacted, an Airtel spokesperson confirmed the development. "We can confirm that we will sunset Wynk Music and all Wynk music employees will be absorbed within the Airtel ecosystem. Airtel users will have access to Apple Music. Additionally, Wynk Premium users will receive exclusive offers from Airtel for Apple," the spokesperson said. The company has entered into an agreement with Apple to provide access to Apple Music with special offers to its customers who use iPhone.

Airtel, SBI Life receive tax demand notice from GST appellate authority

The Goods and Service Tax Appellate Authority has ordered Bharti Airtel to pay Rs 194 crore GST on licence fees and spectrum usage charges demanded by the Department of Telecom, a regulatory filing said on Thursday. The matter pertains to the demand for Goods and Service Tax (GST) of Rs 604.66 crore by the GST Department under the reverse charge mechanism on license fee (LF) and spectrum usage charges (SUC) basis the demand note issued by the Department of Telecommunications. The company had filed an appeal against the order. "On an appeal filed by the Company to Commissioner (Appeals), Central Goods and Service Tax Appellate Authority, Delhi, the Appellate Authority has passed an appeal order reducing the said demand to Rs 194 crore," the company said. The order was received by the company on August 21, and it is assessing the impact of the appeal order and shall take appropriate action.

Telco operators ask Trai to bring OTT apps under licensing framework

Telecom operators, in their latest submission to sector regulator Trai, have unanimously demanded to bring over-the-top apps like WhatsApp, Signal and Telegram within the ambit of the licensing regime under the new Telecommunication Act. Reliance Jio, Bharti Airtel, Vodafone Idea and industry body COAI -- in their comments on the consultation paper issued by Trai, seeking views on the framework for service authorisations to be granted under the Telecommunications Act, 2023 -- have said that the calling and messaging apps should be brought under services to be provided through authorisation. "As per our understanding, OTT Communication services are covered under the new Telecom Act as an access service," Telecom operators industry body COAI said in its submission to the Telecom Regulatory Authority of India (Trai). Reliance Jio said the definition of 'message' and 'telecommunication service' under the newly enacted Telecommunication Act, 2023, includes all forms of telecommunication

No intention of a takeover; not asked for board seats: Sunil Bharti Mittal

Says waiting for signal from DoT to start Oneweb in India

A slice of Britain: Bharti's BT deal will play out in the long run

Amid demands for consistent and reliable telecom service, there might be an excellent opportunity for those who wish to invest in new 5G infrastructure

Bharti Airtel's 5G user base rose to 90 million at Q1-end: MD Gopal Vittal

Vittal said early signs of industry wide tariff hikes are encouraging, Rs 300 ARPU needed

Stocks to watch on August 6: RIL, Bharti Airtel, Lupin, TVS Motor, ONGC

At 6:31 AM, GIFT Nifty futures were up 197 points, trading at 24,299.5, indicating a robust gap-up opening.

Bharti Airtel Q1 FY25 results: Profit rises 158% on new 4G, 5G users

Continued growth in WiFi category helped Q1 gains; Arpu rises to Rs 211

Airtel Africa's net profit down to $7 million in first quarter of FY25

Continuing devaluation of African currencies and higher finance costs remain drags

Airtel Africa reports $7 million net profit for Q1, revenue drops 16%

Bharti Airtel's Africa unit Airtel Africa has reported a consolidated net profit of USD 7 million for the June 2024 quarter against a USD 170 million loss in the year-ago period. Its net profit was primarily impacted by the USD 80 million of exceptional derivative and foreign exchange losses (net of tax) and lower EBITDA due to significant currency devaluation across key markets, Airtel Africa said. It had reported a loss of USD 91 million for the fourth quarter ended March 2024 on account of tax impact and forex loss. "Strong fundamentals and focussed execution continue to support operating performance despite challenging macro-economic environment," the company, which operates in 14 African countries, said. The company's consolidated revenue fell 16 per cent in Q1 FY25 to USD 1,156 million from USD 1,377 million a year ago. The decline in revenue reflects the impact of currency devaluation, particularly in Nigeria, the company said. "We have initiated a comprehensive cost ...

Airtel expands Wi-Fi service in Telangana

Bharti Airtel announced that it has increased its Wi-Fi service to an additional 1.9 million new households in Telangana

Nokia achieves 5G download speed of 1.2 Gbps during trial with Airtel

Finnish telecom gear maker Nokia has achieved a top download speed of 1.2 gigabit per second for 5G services several times during trials it concluded recently, the company said on Monday. The download speed was achieved during the first 5G non-standalone (NSA) Cloud radio access network (RAN) trial with Bharti Airtel (Airtel) in India. "The trial took place in an over-the-air environment utilising 3.5 GHz spectrum for 5G and 2100 MHz for 4G. Data calls were successfully performed with commercial user devices over Airtel's commercial network achieving a throughput of over 1.2 Gbps," Nokia said in a statement. Nokia spokesperson said the top speed of over 1.2 Gbps was achieved several times during the trial in the mid-frequency band of 3.5 Ghz. "This successful trial with our long-term partner, Bharti Airtel supports their ambitions for building scalable, agile and highly automated networks. Nokia's approach to Cloud RAN means that our customers can flexibly evolve to Cloud RAN with

Bharti Airtel bags multi-yr contract from CBDT to provide network solutions

The Central Board of Direct Taxes (CBDT) on Thursday signed a multi-year contract with telecom major Bharti Airtel, under which the latter will provide network and connectivity solutions for CBDT's Taxnet-2.0 programme. This contract is an extension as Airtel has been the network partner to CBDT since 2008 in Taxnet-1.0. "The formal Letter of Award was handed over to Bharti Airtel by the Central Board of Direct Taxes (CBDT) and the Letter of Acceptance has been given by Bharti Airtel to CBDT. The occasion was graced by Mr. Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, and Mr Ravi Agarwal, Chairman, CBDT," Airtel said in a statement. Airtel will provide robust dual connectivity with Software Defined Network for WAN, and Secure LAN amongst other technology solutions for CBDT's Taxnet-2.0 programme, which aims to modernise the current system for collection, processing, monitoring and accounting of direct taxes, it said.

Jio, Airtel cumulatively gain 3.44 mn mobile users in May, shows data

Reliance Jio and Bharti Airtel cumulatively raised their wireless subscriber tally by 34.4 lakh users in May, while Vodafone Idea continued to witness a fall in its user base, data released by TRAI showed on Tuesday. India's largest telecom operator Reliance Jio gained 21.9 lakh wireless users, and Bharti Airtel added 12.5 lakh mobile customers in May, even as Vodafone Idea lost 9.24 lakh wireless users during the month. The gains pushed Reliance Jio's mobile subscriber tally to 47.46 crore in May from 47.24 crore in April, according to the latest telecom subscription data by the Telecom Regulatory Authority of India (TRAI). Vodafone Idea continued to register a decline in mobile subscribers as its wireless subscriber count fell by 9.24 lakh to 21.81 crore users in May. "In the month of May 2024, 12 million subscribers submitted their requests for Mobile Number Portability (MNP). With this, the cumulative MNP requests increased from 973.60 million at the end of April-24 to 985.60 .