Page 25 - Bharti Airtel

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

Customers should ideally pay more for higher usage: Airtel MD Gopal Vittal

Says pricing however remains a challenge with India having the lowest rates for data packs on per GB basis in the world

Bharti Airtel trades firm, up 1% post March quarter results

Strong 4G and postpaid subscriber additions along with healthy FCF generation were the key highlights in Q4.

Stocks to Watch today, May 17: Paytm, Voda Idea, JK Tyre, Oberoi Realty

Stocks to Watch on Wednesday: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report

Bharti Airtel Q4 net profit jumps 49% to Rs 3,005 cr, revenue up 14.3%

Airtel also recommended a final dividend of Rs 4 per share of face value Rs 5 each

Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

Bharti Airtel Q4 revenue may rise up to 6.4% QoQ, ARPU growth to aid margin

At the bourses, shares of Bharti Airtel have declined 1.86 per cent so far this calendar year (CY23), as against 2 per cent rise in the S&P BSE Sensex

Reliance Jio, Bharti Airtel gaining equally at the expense of Vodafone Idea

Over 2 million wireless subscribers exited Vodafone Idea in February; Reliance Jio gained 1 million, and Airtel added 982,554 subscribers

Reliance Jio, Airtel add 1.9 million mobile subscribers in February: Trai

Telecom operators Reliance Jio and Bharti Airtel added 19.8 lakh mobile subscribers month-on-month in February, even as Vodafone Idea lost 20 lakh customers, according to data released by Trai on Thursday. India's largest telecom player Reliance Jio added the maximum number of mobile subscribers at about 10 lakh, taking its wireless subscriber tally to 42.71 crore users in February, as against 42.61 crore in January. Sunil Mittal-led Bharti Airtel gained 9.82 lakh mobile users during February and ended the month with a wireless subscriber base of 36.98 crore. Vodafone Idea lost 20 lakh subscribers in the wireless category as its mobile subscriber base shrunk to 23.79 crore, as per data from the Telecom Regulatory Authority of India (Trai). "...the total Broadband Subscribers increased from 839.18 million at the end of January-23 to 839.33 million at the end of February-23 with a monthly growth rate of 0.02 per cent," the release said. The top five service providers constituted 98.