Page 24 - Bharti Airtel

Bharti Airtel prepays Rs 8,024 crore of deferred spectrum liabilities

They are separate from Adjusted Gross Revenue (AGR) liabilities which are the usage and licensing fees that telecom operators are charged by the government

Airtel prepays Rs 8,024 crore dues for spectrum to telecom department

The move is expected to help India's second-largest telco save on interest costs annually and improve cash flows

Stocks to Watch: Bharti Airtel, Adani Ent, Cipla, RailTel, Indian Hotels

Stocks to Watch on July 28, 2023: Despite a 10 per cent increase in revenue, telecom provider Airtel Africa announced a net loss of $151 million in the first quarter (April-June) of FY24 on Thursday

Airtel becomes first ICT provider to link over 20 million IoT devices

Airtel's aggressive push in IoT has come at a time when rival Vodafone Idea (Vi) has doubled down the segment

Airtel Business connects over 20 million devices via IoT solutions

Bharti Airtel on Tuesday announced that its B2B division has become the first ICT service provider in the country to connect over 20 million devices through its Internet of Things (IoT) solutions. Airtel Business is the business-to-business (B2B) division of telecom company Bharti Airtel. Airtel IoT enables enterprises across industries such as automobile, energy, utilities, logistics, financial services, manufacturing and others with a secure and dedicated private network for the safe transmission of all customer data across connected devices. Recent key wins for Airtel IoT deployment include a partnership with Secure Meters for the deployment of 1.3 million smart meters in Bihar on NB-IoT, a partnership with TP Western Odisha Distribution Limited for the deployment of 200,000 smart meters in Odisha, as well as a pact with Matter Motor Works to power 300,000 bikes through cellular IoT. "IoT is a key pillar in India's digital growth journey and, as a brand powering this journey wit

Airtel Business first enterprise to link over 20 million IoT devices

Airtel Business's integrated IoT platform offers customised solutions for each IoT requirement of enterprises across 5G, 4G, narrowband-IoT (NBIoT), 2G, and satellite

Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

How do brokerages view Reliance Jio's new feature phone offering?

Brokerages estimate that the launch of 'JioBharat' phones could disrupt the 2G market, and delay the tariff hike discussions in the near-term

Warburg Pincus sells shares of telecom major Bharti Airtel for Rs 1,649 cr

Warburg Pincus on Friday sold shares of telecom major Bharti Airtel for Rs 1,649 crore through an open market transaction. Lion Meadow Investment Ltd, an affiliate of private equity firm Warburg Pincus disposed of shares of Bharti Airtel. According to the block deal data available with the BSE, Lion Meadow offloaded 1,90,00,000 shares, amounting to 0.32 per cent stake in Bharti Airtel. The shares were disposed of at an average price of Rs 868 apiece, taking the aggregate transaction size to Rs 1,649.20 crore. These shares were acquired by funds/ affiliates of US-based financial services company Capital Group in 11 tranches. On Friday, shares of Bharti Airtel gained 0.80 per cent to close at Rs 879 apiece on BSE.

Stocks to Watch: Lupin, Vi, Tech M, Bharti Airtel, Aditya Birla Capital

Stocks to Watch on June 27, 2023: Lupin: As per reports, Lupin is considering a restructuring move to unlock value by demerging its API (active pharmaceutical ingredients) business

Airtel Business announces changes to leadership team; CEO Chitkara quits

Ajay Chitkara, CEO Airtel Business, has decided to move on from Airtel

Musk, Tata & Mittal on one side, Ambani on other for satellite spectrum

Elon Musk wants his Starlink to beam down wireless internet in India from satellites orbiting the earth, but the licensing regime his group favours has put him at odds with Mukesh Ambani's Reliance. After meeting Prime Minister Narendra Modi in New York last week, Musk on June 21 said he was keen to launch Starlink in India that "can be incredibly helpful" in bringing the internet to remote villages that lack on-ground infrastructure. But Starlink wants India to just assign a license for the service and not insist on auctioning the signal-carrying spectrum or airwaves. This stand finds Musk on the side of Tatas, Sunil Bharti Mittal's firm, and Amazon, who too prefer the same route. But Ambani's Reliance says there must be an auction of spectrum for foreign satellite service providers to offer voice and data services to provide a level playing field to traditional telecom players who offer the same services using airwaves bought in government auctions. "India's space-based ...

Jio Satellite Communications favours auction, Bharti Airtel opposes

Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it. Elon Musk-owned SpaceX too has suggested an auction model but it is not for the auction of spectrum but bids in the form of a percentage of annual revenue as spectrum value fee in lieu of upfront currency bids. Jio Satellite Communications Limited (JSCL) in its counter-comment submission to the Telecom Regulatory Authority of India (Trai) toed the line of its sister concern Reliance Jio Infocomm to suggest auction as the best and legitimate method to allocate radiowaves frequencies. "We submit that JSCL supports an auction-based process for spectrum assignment for space-based communication services. The auction-based assignment provides equal opportunity to all service providers and brings requisite regulatory certainty and predictability by being a legally sound .

Stocks to watch: RIL, TCS, Bharti Airtel, PNB, Vedanta, NMDC, JK Tyre

Stocks to watch on June 22, 2023: From Reliance Industries to Tata Consultancy Services, here are the top stocks to watch in Thursday's trading session

Airtel Business partners with Centre for India's edtech platform DIKSHA

DIKSHA offers 9,300 courses in 35 Indian languages and has witnessed 50 billion learning sessions and 60+ billion minutes of usage by students

Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs

Some of the prominent Indian stocks that delivered over 10x total returns over a 5-year rolling period since 2000 include Westlife Foodworld, Bharti Airtel, Adani Total Gas, said the report

Calling Sri Lanka: Airtel's expansion a challenge or opportunity?

The latest merger talks with the largest telecom service provider in the island nation can catapult it to top spot

In Tamil Nadu, Airtel surpasses 2-million customer mark on 5G network

Airtel was the first to roll-out 5G in the country and Chennai was one of the first eight cities to get ultrafast Airtel 5G Plus

Airtel to complete 5G roll out in urban area this year, says official

Bharti Airtel expects to complete 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs 28,500 crore, a senior official of the company said on Wednesday. Bharti Airtel Managing Director Gopal Vittal during the company's earning call said that the company's decision to not bid for premium 700 megahertz band spectrum and go for non-standalone 5G network is leading to better coverage at lower cost. "We are already in 3,500 cities and towns out of around 7,000 cities. we will conclude urban coverage this year and some of the key rural pockets," Vittal said. He said that the company has stopped making capacity expansion in 4G network as the company is seeing traffic offload of up to 30 per cent in areas where 5G has been launched. "I think the quarter's capex of Rs 9,000 crore is little elevated, but if you take two full years, the capex is about Rs 28,500 crores for the full year. As I mentioned before, if you take a ..

Bharti Airtel's Q4 results give hope, experts see stock gaining 10-25%

Return on capital employed is low at 8.5 per cent, and the net debt: Ebitda is at 2.9x, consolidated