Page 18 - Bharti Airtel

Allowing payment banks to lend will have big impact: Anubrata Biswas

Anubrata Biswas, managing director and chief executive officer of Airtel Payments Bank, discusses the quarterly results and future prospects with Harsh Kumar

June spectrum auction: Jio likely to spend Rs 12,000 cr, Airtel Rs 8,000 cr

Jio is expected to take the lead in the auction once again, with plans to bolster its spectrum portfolio, particularly in the 800 MHz band across certain circles

Jio, Airtel, Vodafone Idea deposit Rs 4,350 cr ahead of spectrum auctions

Reliance Jio had a net worth of Rs 2.31 trillion followed by Airtel with Rs 86,260 crore, DoT said. Vodafone Idea had a negative net worth of Rs 1.16 trillion

Substantial rise in mobile tariffs needed in India: Airtel CEO Gopal Vittal

Hints at multiple tariff hikes, says free 5G data dragging down Arpu

Glad to see VIL's fund raise; India to benefit from 3 pvt telcos: Airtel MD

Bharti Airtel Managing Director Gopal Vittal on Wednesday said he was happy to see Vodafone Idea raising funds and asserted that India will be well-served with three private players operating in the market. The comment assumes significance as Airtel's smaller rival Vodafone Idea recently raised Rs 18,000 crore pulling-off India's largest-ever follow-on public offering (FPO). The fundraise is expected to arm VIL with firepower to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. Speaking at an earnings call of Airtel, Vittal fielded a question on how he sees competitive intensity in the market, post the capital raise by VIL. Vittal said he was glad to see that VIL has raised money, and that he wished them well. "India will be well-served if it has three operators... three private operators working. (On) Whether we need to push harder, we are pushing hard everyday, so it is an ongoing effort... it is a

Bharti Airtel surges 2% on mixed bag of Q4 performance

Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)

Bharti Airtel, Cipla, Paytm, Colgate among seven stocks to track on May 15

At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses

Bharti Airtel Q4FY24 results: Net profit drops 31% to Rs 2,071 crore

Average revenue per user inches up to Rs. 209, from Rs. 208 in Q3

Bharti Airtel Q4 results: Profit drops 31% to Rs 2,072 cr, revenue down 10%

Airtel Q4 FY24 results: The board has recommended a final dividend of Rs 8 per fully paid-up equity share of face value Rs 5 each for the financial year 2023-24

Q4 results: Airtel, Siemens, PVR Inox among 97 firms to post earnings today

Q4 FY24 results: Patanjali Foods, Zydus Wellness, Bajaj Electrical, Colgate-Palmolive too will release their fourth quarter results

Airtel to offer cloud and Gen-AI solutions with Google Cloud in India

The two companies are targeting the large and growing Indian public cloud services market, which is expected to reach $17.8 billion by 2027, according to IDC

Airtel, Google Cloud partner to propel cloud adoption & gen AI in India

Public cloud services market in India is expected to reach $17.8 billion by 2027

Bharti Airtel's Africa unit posts loss of Rs 760 crore in March quarter

Bharti Airtel's Africa unit, Airtel Africa, has posted a loss of USD 91 million, about Rs 760 crore, in the fourth quarter ended March 2024 on account of tax impact and forex loss, the company said on Thursday. Airtel Africa had posted a consolidated profit of USD 227 million in the same period a year ago. The consolidated revenue of the company, which operates in 14 African countries, declined by 16.6 per cent to USD 1,118 million during the reported quarter from USD 1,341 million in the March 2023 quarter. The revenue was, however, up 23.1 per cent on a constant currency basis. For the year ended on March 31, 2024, Airtel Africa posted a loss of USD 89 million while the company registered a profit of USD 750 million. "Loss after tax of USD 89 million during the year ended 31 March 2024 was primarily impacted by the USD 549 million net of tax impact of the exceptional derivative and foreign exchange losses. Excluding these exceptional items, profit after tax for the year ended 31

Telecom subscriber base rises by 5.6 mn in March 2024, led by Jio, Airtel

Reliance Jio clocked in 3.6 million new subscribers and Bharti Airtel added 2.8 million subscribers in March 2024, while Vodafone Idea loss 0.6 million

Float dynamics: Higher float to keep ETF buying in Airtel, CIL buoyed up

Based on changes to the float during the three-month period ended March 2024, Freitas has calculated the possible weighting changes in these stocks and their likely impact on passive flows

Mcap of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard

The combined market valuation of six of the top-10 most valued firms declined by Rs 68,417.14 crore in a holiday-shortened last week, with Bharti Airtel and Reliance Industries taking the biggest hit. While Reliance Industries, Bharti Airtel, Life Insurance Corporation of India (LIC), Infosys, ITC and Hindustan Unilever were the laggards, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India emerged as the gainers. Last week, the BSE benchmark climbed 147.99 points or 0.20 per cent. Domestic equity markets were closed on Wednesday on account of Maharashtra Day. The market capitalisation (mcap) of Bharti Airtel fell by Rs 27,635.65 crore to Rs 7,23,770.70 crore. The valuation of Reliance Industries declined by Rs 23,341.56 crore to Rs 19,40,738.40 crore. The mcap of LIC dropped by Rs 5,724.13 crore to Rs 6,19,217.27 crore, and that of Infosys went lower by Rs 5,686.69 crore to Rs 5,87,949.62 crore. ITC's valuation eroded by Rs 4,619.35 crore to Rs 5,44,64

BofA upgrades Voda Idea stk; telcos may up tariff by 20-25% post LS polls

However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends

Bharti Airtel issues shares worth Rs 246 crore to foreign debt bond holders

Bharti Airtel has allotted equity shares worth about Rs 246 crore to its foreign debt bond holders that are due for maturity in February 2025, according to a regulatory filing. The company had issued USD 1,000 million 1.50 per cent convertible bonds due 2025 in January 2020 that were convertible into company's fully-paid up equity shares. "We wish to submit that upon receipt of notices for conversion of FCCBs of principal value of USD 34,281,000 from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today i.e. on April 29, 2024, approved the allotment of 4,766,663 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holder(s) of FCCBs," Airtel said in the regulatory filing. Following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange has reduced to USD 204.690 million. "Paid-up equity share capital of the compan

Trai moots passive infrastructure sharing among telecom service licensees

Regulator Trai on Wednesday recommended that telecom service licensees be allowed to share passive infrastructure, including buildings, towers, electrical equipment and dark fibre, owned and operated by them with all types of telecommunication service licensees. The sector regulator further mooted that telecommunication service licensees should also be allowed to share all kinds of active infrastructure elements owned and operated by them with other telecommunication service licensees as per the scope of their services. The recommendations were part of the Telecom Regulatory Authority of India's (Trai's) views on 'Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing' released on Wednesday. Trai said the implementation of the recommendations will help telecom service providers with greater cost efficiencies and improved time to market. It would also enable telecom service providers to offer better quality of service and wider coverage. At present, only ..

Airtel says not in talks to buy Vodafone UK's stake in Indus Towers

"The company has no desire to raise its stake beyond what is required for financial consolidation of Indus in the company,' Airtel said in an exchange filing