Page 61 - Bharti Airtel

Akhil Gupta's family firm bids for debt-laden Videocon Industries

Gupta, who worked for Bharti Airtel for 18 years, made the bid for Videocon via Avanti Investments, run by his son, Anubhav Gupta

IT firms lead IIM-A's one-year executive MBA final placement with 42 offers

Concluded in July, IIM-A releases audited placement report

Stock picks by Religare Broking: Buy Bharti Airtel, Godrej Consumer

Airtel's stock has surpassed the hurdle around 540 levels

AGR verdict: There is no closure in this case, says Abhishek Singhvi

Singhvi, third-term sitting member of Parliament and eminent jurist who represented Airtel, explains why the issue is yet to reach legal closure

AGR verdict: Will Voda Idea survive? Answer lies in ability to raise funds

Increase in APRU can help Vodafone but rival Reliance Jio is in no mood for tariff hike yet

AGR case: Professional managers face bigger risk if telcos default

The Bench led by Justice Arun Misra observed that should telcos fail to pay up, it would lead to penalty, interest, and contempt of court

AGR uncertainty ends

Telecom firms should charge more, improve service

Gains ahead for Jio, Bharti as telco market heads towards a duopoly

Experts see the telecom sector heading towards duopoly

Sensex up 273 pts; Bharti Airtel up 7%, Voda Idea dips 13% post AGR verdict

All that happened in the markets today

The AGR verdict and its impact on Vodafone Idea

Since the Supreme Court has now decided on a 10-year repayment tenure, it would clearly be a big challenge for Vodafone Idea, which is already steeped in debt

Voda Idea in danger of becoming a 'zombie' telco; may just about survive

The initial impression is that Vodafone Idea will struggle to manage this level of staggered payments, given that it owes over Rs 58,000 crore

Vodafone Idea shares plunge 17%, Airtel up 4% after SC's AGR verdict

Vodafone Idea shares plunged over 17 per cent, while the stock price of Bharti Airtel surged over 4 per cent on Tuesday

10 years to pay AGR dues puts a question mark on Vodafone Idea's survival

Indian telecom sector moving to a virtual duopoly is not a desirable development

SC gives telcos 10 yrs to clear AGR dues, NCLT to decide on spectrum sale

The Supreme Court finished hearing the AGR case on August 24, almost a year after its verdict on the definition of the AGR

Three key SC decisions that could change telecom sweepstakes in the country

While the first two rulings on AGR dues could have a lasting impact on incumbent players, the third, on transfer of spectrum by banks could impact fund raising by the telecom sector as a whole

Jio takes on rivals, rolls out new broadband plans starting at Rs 399

Plans to be rolled out from today

Telecom stocks rally; Vodafone Idea surges 17%, Bharti Airtel up 2%

The telecom companies are awaiting the Supreme Court's judgement in the adjusted gross revenue (AGR) case

F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%

All that happened in the markets today

CCI approves Carlyle Group's stake acquisition in Airtel's data centre biz

The Competition Commission of India (CCI) on Wednesday said it has approved acquisition of compulsorily convertible preference shares and equity shares in Airtel's data centre business, Nxtra Data, by Carlyle Group's Comfort Investments II. The Carlyle Group in July said it will acquire about 25 per cent stake in Nxtra Data Ltd for USD 235 million (about Rs 1,780 crore). This will peg the enterprise valuation of Nxtra Data at USD 1.2 billion, which is over Rs 9,084 crore. On completion of the deal, Carlyle will hold about 25 per cent stake in the business, with Airtel continuing to hold the remaining stake of about 75 per cent. In a tweet, the regulator said it "approves proposed acquisition of compulsorily convertible preference shares & equity shares in Nxtra Data Limited @NxtraDataLtd by Comfort Investments II of Carlyle Group." Nxtra Data is a fully-owned subsidiary of Bharti Airtel Ltd and provides data centre colocation services through its 10 data centres located in India,

Jio unlikely to increase tariffs the way incumbent operators are thinking

Bharti Airtel's Sunil Mittal says that, to his mind, Average Revenue Per User or ARPUs need to hit Rs 300, or double Airtel's current figure, if the industry is to stabilize