Page 19 - Bharti Airtel

Strong signal for telecom sector after successful Vodafone Idea FPO

VIL and Airtel have an instant ARPU upside if they can convert voice-only 2G users to 4G (all Jio users are data-enabled)

Telecom sector AGR rose 1.88% sequentially to Rs 67,835 crore in Q3 FY23

The monthly average revenue per user (ARPU) for wireless service rose to Rs 152.5

Opening up several high band spectrum not enough for 5G, say telcos

Telecom service providers have pushed instead for opening up the 6 gigahertz band for auctions

Bharti Airtel signs deal to merge Sri Lankan unit with Dialog Axiata

Airtel Lanka to have 10.35% voting shares in the merged entity, according to agreement

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 ..

Bharti Airtel reaches 5.9 million 5G customers mark in Tamil Nadu

Bharti Airtel has successfully deployed 5G service across Tamil Nadu and has registered a significant increase in 5G users during the last 6 months. The telecommunication major on Tuesday said it celebrates 5.9 million customers currently enjoying its 5G service in the state. The company has successfully deployed 5G in all cities and districts of Tamil Nadu reflecting a promising shift towards offering next-generation mobile connectivity, Bharti Airtel said in a statement on Tuesday. The expansive network deployment has effectively extended Bharti Airtel's services across the state, simplifying the process for customers to embrace 5G technology. "We are making significant strides in building the network infrastructure required to facilitate widespread adoption of 5G in Tamil Nadu. We express our gratitude to our valued customers who have upgraded to enjoy the power of unlimited 5G service at no additional cost," Bharti Airtel CEO-Tamil Nadu Tarun Virmani said. "Our tireless effort

Porting requests at 8-month low; Voda biggest loser among major providers

In Feb 2024, subscribers made nearly 12 mn portability requests, lowest since June 2023

Mcap of 7 most valued firms climb Rs 59,404 cr; Airtel, ICICI top gainers

The combined market valuation of seven of the ten most valued firms climbed Rs 59,404.85 crore in a holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers. Stock markets were closed on Thursday on account of Eid-Ul-Fitr. Last week, Sensex dipped marginally by 3.32 points after a record-breaking rally. The BSE benchmark had settled at an all-time high of 75,038.15 on Wednesday. It scaled the lifetime peak of 75,124.28 on Tuesday. The market valuation of Bharti Airtel jumped Rs 19,029.37 crore to Rs 6,92,861.27 crore. ICICI Bank added Rs 15,363.23 crore, taking its valuation to Rs 7,75,447.63 crore. Reliance Industries' valuation climbed Rs 10,250.02 crore to Rs 19,85,797.70 crore, and that of Tata Consultancy Services (TCS) soared Rs 7,507.53 crore to Rs 14,47,343.55 crore. The market capitalisation (mcap) of ITC rallied Rs 2,809.06 crore to Rs 5,36,967.87 crore, while Infosys climbed Rs 2,303.73 crore to Rs 6,16,424.57 crore. State Bank of

Bharti Hexacom sparkles on market debut; stock gain 43% at Rs 814

Bharti Hexacom, a subsidiary of Bharti Airtel, provides fixed-line telephone and broadband services primarily in two circles-Rajasthan and North East

Bharti Hexacom makes strong debut; lists at 32% premium over issue price

The debutant has hit a high of Rs 769 so far, with volumes of around 21.2S million shares on the BSE and NSE in opening deals.

Vodafone Idea to launch country's largest $2.16 bn follow-on public offer

The public offering will open for bids on April 18 and close on April 22

Bharti Hexacom IPO subscribed nearly 30 times on the final day

The telecom operator's Rs 4,275-crore issue was the largest in nearly a year

Airtel's subsidiary Bharti Hexacom's IPO subscribed 1.12x on day 2 of offer

Bharti Hexacom's initial public offering received 1.12 times subscription on the second day of bidding on Thursday. This is the first public issue of the financial year 2024-25. The initial share sale of Bharti Hexacom received bids for 4,62,41,546 shares against 4,12,50,000 shares on offer, according to the NSE data. The category for non-institutional investors received 1.71 times subscription, while the portion for Retail Individual Investors (RIIs) got subscribed 1.15 times and the quota for Qualified Institutional Buyers (QIBs) got subscribed 82 per cent. On Tuesday, Bharti Airtel's arm Bharti Hexacom said it has collected about Rs 1,924 crore from anchor investors. The company had fixed a price band of Rs 542-570 per share. The company's Rs 4,275 crore IPO is entirely an offer of sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Bharti Hexacom will not receive any proceeds from t

Telecom services provider Bharti Hexacom's IPO subscribed 34% on day 1

Bharti Hexacom, a subsidiary of Bharti Airtel, operates in the Rajasthan and the Northeast telecommunication circles

Bharti Hexacom IPO opens today: Price band, offer size, GMP, review & more

Bharti Hexacom IPO: At the higher end of the price band of Rs 542 to Rs 570, the company aims to raise Rs 4,275 crore

India had 14th highest median 5G download rates in Q4 2023: Ookla

Jio's 5G network reported a quicker video start time of 1.14 seconds than Airtel's 5G network, which was 1.99 seconds

Bharti Airtel, subsidiary donated Rs 234 cr to BJP via electoral bonds

Bharti Airtel and its subsidiary Bharti Telemedia bought around Rs 235 crore of electoral bonds and donated all but about Rs 1 crore to the ruling BJP, according to data released by the Election Commission. Bharti Airtel donated nearly Rs 197.5 crore to BJP, Rs 50 lakh to J&K National Conference, and Rs 10 lakh to Rashtriya Janata Dal. Bharti Telemedia, which is a subsidiary of the Sunil Mittal-led telecom firm Bharti Airtel, donated bonds worth Rs 37 crore to BJP, the data showed. In all, the two Bharti Group entities donated about Rs 234 crore to BJP, via electoral bonds. A mail sent to Bharti Airtel for comments did not elicit a response. Meanwhile, in a sharp contrast to big corporate houses that gave large sums to political parties, IT companies in India donated just around Rs 15 crore to various political parties through electoral bonds, as per the data. In the IT pack, Cyient contributed the most - donating Rs 10 crore to BJP, while Zensar Technologies contributed Rs 3 ...

Bright spots: India and Indonesia, shining stars in earnings constellation

Nomura's analysis reveals that India's beat-to-miss ratio stands at 13 per cent, second only to Indonesia, which is at 38 per cent

Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24

In the past one month, Bharti Airtel has outperformed the market by surging 9 per cent, as against less than 1 per cent rise in the BSE benchmark index.

Spectrum auction: All eyes on Airtel, may spend Rs 3,800 cr, analysts say

Bidding intensity to be low as Jio, Airtel still have spare network capacity for 5G