Page 24 - Bharti Airtel

Reliance Jio gains 3.47 mn, Vi loses 0.74 mn users in September: Trai

Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 1.32 million users

Dialling in: Admin price rings louder than satellite spectrum auction bid

while the market for satellite broadband currently is small ($10-15 million), the potential is large as an estimated 30% of the country does not have reliable terrestrial broadband services

Telecom Bill 2023: GMPC players may get spectrum at administered price

As the government tables the Telecommunications Bill, 2023 in Lok Sabha, the move is seen as a big win for Sunil Mittal's OneWeb, which had been pushing for the same

Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%

Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.

Trai directs Jio, Airtel to clarify terms on unlimited 5G data offerings

Bharti Airtel and Reliance Jio have both clarified that unlimited does not equate to infinity as data usage is restricted by speed and network

M-cap of 9 of 10 most valued firms up Rs 1.30 trn; Airtel, TCS gain

The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtel's valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore. ITC's mcap climbed Rs 15,159.02 crore to Rs 5,61,159.09 crore and that of Bajaj Finance soared Rs 14,480.29 crore to Rs 4,48,446.82 crore. The valuation of ICICI Bank surged Rs 12,085.42 crore to Rs 6,63,370.71 crore and that of Hindustan Unilever ad

Bharti Telecom buys 1.35% stake in Bharti Airtel for Rs 8,301 crore

Bharti Telecom on Friday bought a 1.35 per cent stake in telecom provider Bharti Airtel for Rs 8,301 crore through an open market transaction. Bharti Telecom is the largest promoter of Bharti Airtel Ltd with a 38.35 per cent stake as of September 30. According to the block deal data available with the National Stock Exchange (NSE), Bharti Telecom purchased more than 8.11 crore shares, amounting to a 1.35 per cent stake in Bharti Airtel. The shares were acquired at an average price of Rs 1,023 apiece, taking the aggregate transaction value to Rs 8,301.73 crore. Meanwhile, another promoter group firm Indian Continent Investment Ltd offloaded the same number of shares of Bharti Airtel at the same price. At the end of the September quarter, Bharti Telecom owned a 38.35 per cent stake while Indian Continent Investment Ltd had a 5.93 per cent stake in Bharti Airtel, shareholding data pattern showed with the bourse. On Friday, shares of Bharti Airtel fell 0.27 per cent to close at Rs 1,

Bharti Telecom acquires 1.35% stake in Bharti Airtel through block deal

Bharti Telecom's stake in Bharti Airtel now stands at 39.59 per cent

Airtel explores $1bn fundraising to prepay majority of 2015 spectrum dues

Bharti Airtel bought a spectrum worth Rs 29,130.20 ($3.54 billion) during an auction in March 2015 out of which Rs 10,000-12,000 crore remains in dues

Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk

Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.

Rural push helps Bharti Airtel close in on Reliance Jio in AGR share

Currently, Reliance Jio's AGR market share is 41.6 per cent while Airtel's is at 37.2 per cent

Bharti Airtel CEO Gopal Vittal bats for e-sim in a letter to customers

E-SIMs also allow users to use multiple mobile numbers on a single e-SIM and make it easy to change devices

Lack of real-life use cases preventing major telcos from charging for 5G

Telcos are looking for services that fully leverage 5G tech. In the absence of such services, the telcos have no option but to offer 5G services at 4G rates

Stocks to Watch: Bharti Airtel, Concor, IGL, IRCTC, ABB, Titagarh, Vascon

Stocks to Watch on November 21, 2023: Concor has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals

Stocks to Watch: L&T, Bharti Airtel, SBI Card, Dixon, Cipla, Bajaj Finance

Stocks to watch on November 20, 2023: SBI Card said that its capital adequacy ratio is expected to decline by 4 per cent due to the RBI's latest move on tightening consumer loan norms

Airtel to seek reversal of Rs 26,393 penalty order received under CGST Act

The company further said it does not agree with the order and will take appropriate action for rectification or reversal of the same

Reliance Jio gains 3.24 million users in Aug, Vi loses nearly 50K: Trai

Jio has consistently posted robust growth in user numbers, having added 2.2 million users in June

Jio cements lead with net additions of 3.2 mn mobile users in Aug: Trai

India's largest mobile operator Reliance Jio added 32.4 lakh users in August, and its wireless subscriber tally topped 44.57 crore, according to data released by telecom regulator Trai. Bharti Airtel gained 12.17 lakh wireless subscribers in August, while cash-strapped Vodafone Idea lost 49,782 users. The mobile subscriber count of Bharti Airtel rose to 37.64 crore in August. Vodafone Idea (Vi), on the other hand, saw its wireless subscriber numbers dip to 22.82 crore during the month. Reliance Jio cemented its position as India's largest mobile operator, adding 32.45 lakh users in August and its wireless subscriber base swelled to over 44.57 crore, according to monthly telecom subscription data released by Telecom Regulatory Authority of India (Trai). Jio's net adds for August were, however, lower than 39 lakh additions in July. "In August, 12.67 million subscribers submitted their requests for Mobile Number Portability (MNP)," Trai said. With this, the cumulative requests (sinc

Trai asks telecom companies to quickly deploy consent driven anti-spam tech

Telcos say businesses dragging feet on new Digital Consent Authorization

Jio Satcom, OneWeb get internet services licence from telecom dept

The Department of Telecom has granted internet service provider licence to Jio Satellite Communications and Bharti Group-backed OneWeb, official sources said on Friday. Both companies were given permits to provide satellite communication services about a year ago. "The companies were issued an ISP (Internet Service Provider) licence recently. They can provide internet services connecting satellite service with terrestrial networks or through VSAT to end customers," an official said. Jio Satellite Communications and OneWeb will need access to spectrum to provide services directly on the consumer terminal on which the decision is still pending. Satellite companies have been demanding allocation of spectrum without auction, while Jio and Vodafone Idea have been pushing for spectrum allocation only through auction. While OneWeb has its own constellation of GEO (geostationary) and LEO (low earth orbit) satellites, Jio has partnered Luxembourg SES Satellites, which has a combination of