Sector is battling shrinking revenue and subscriber base; its representatives say ministry notices are not legally enforceable
Bharti Group Chairman Sunil Mittal on Thursday exhorted the industry to prioritise an 'India-first' approach, rising above individual or sectoral interests to contribute to nation-building as the telecom sector doyen advocated prioritising of talent dividend, stepping up R&D, trade reset and a collaborative framework between industry and government. Speaking at the CII Annual Business Summit 2025, Mittal also advised companies to emulate the 'Tata' mould of trust as he highlighted the respect commanded by the 'house of Tatas'. Citing the progress made towards trade pacts between India and key nations, Mittal exuded confidence that the government will safeguard industry's interests in trade agreements, but asserted at the same time, that it is important that the "industry and chambers don't ask for things which will make FTAs difficult". Stating that lakhs of crores are stuck in litigation around direct taxes, indirect taxes, and other regulatory matters, the industry stalwart said
Says government must launch Vivad se Vishwas scheme for corporates to release locked funds, backs a uniform 25% tax rate and 'one nation, one election' for economic efficiency
The telecom department has approached regulator TRAI seeking recommendations on reserve price, block size, quantum and other modalities for auction of mobile spectrum in eight existing bands, including 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz and 2,300 MHz, according to sources. Other bands where TRAI's views have been sought by the Department of Telecom (DoT) include 2,500 MHz, 3,300 MHz and 2,6GHz bands, the sources told PTI. DoT has also urged the telecom regulator to offer fresh recommendations for auction of spectrum in 600 MHz bands. TRAI has also been asked to look at the possibility of auction for newly identified 6,425-6,725 MHz and 7,025-7,125 MHz bands for recommendations on auction timing, band plan, reserve price, and terms and conditions. In the last auction held in 2024, Sunil Bharti Mittal's Airtel had emerged as the biggest bidder for radio waves used to transmit mobile phone voice and data signals, cornering about 60 per cent of the Rs 11,341 crore worth of spectrum
If Airtel's request is accepted, the government would have 2 to 4 per cent equity in the telco
To understand today's telecom business, one must trace the evolution of the entrepreneurs who shaped it
Jio had about 44% of its subscriber base in rural parts by March
Bharti Airtel and Google on Tuesday announced a partnership to offer Google One cloud storage subscription service for the telco's customers, to address the limitations of device storage. All postpaid and Wi-Fi customers will get access to six months of 100 GB of Google One cloud storage at no extra cost. After six months, a fee of Rs 125 per month will be added to the customer's monthly bill. If a customer chooses not to continue the subscription, they can cease to be a Google One member, according to a release. The partnership seeks to address the issue of growing data storage constraints faced by users by ensuring that customers have adequate space to store photos, videos, documents and other digital content without the need to frequently delete files or resort to expensive physical storage expansions, according to the release. As an introductory offer, the 100 GB cloud storage will be available at no additional cost for six months from the date of activation, enabling customers
Technical outlook on telecom stocks post SC verdict on AGR dues: Voda Idea looks weak on chart and can slide up to 34% from present levels. Bharti Airtel and TTML, however, look favourably placed.
The call for collaboration comes at a time when the government is intensifying efforts to detect and prevent potential cybersecurity attacks
Bharti Airtel and Bharti Hexacom have moved the Supreme Court seeking relief from AGR dues, following Vodafone Idea's plea. The telcos warn of financial strain without a waiver on interest & penalties
Reduces overall stake to 28.3 per cent by selling 71 million shares through Pastel Ltd at a 2.85 per cent discount to Airtel's previous closing price
Singtel reduces its Bharti Airtel stake from 29.5% to 28.3% after selling 71 million shares for $1.54 billion through its wholly owned unit Pastel
Bharti Airtel reported a net profit of ₹11,022 crore for the fourth quarter of FY 2024-25 (Q4FY25), marking a 432 per cent surge from ₹2,071.6 crore in the same period last year (Q4FY24).
The Singapore-based telco currently holds a 29.5 per cent cumulative stake in Bharti Airtel through direct and indirect shareholding in promoter entities
Airtel has asked the DoT for clarity on converting spectrum dues into equity under the 2021 reforms, but will wait for its board to decide on exercising the option
Its consolidated revenue from operations stood at ₹47,876 crore in Q4, up 6.08 per cent from ₹45,129 crore in Q4FY24.
At 6:40 AM, GIFT Nifty futures were trading 90 points higher at 24,730 level, indicating a higher start.
Sequentially, the company's net profit was 25.4 per cent lower than the ₹14,781 crore reported in the preceding quarter
The company's revenue from operations increased 27 per cent to ₹47,876.2 crore, compared to last year's Q4 revenue of ₹37,599.1 crore