Page 8 - Bharti Airtel

'Conversion of Airtel statutory liabilities into equity needs scrutiny'

Bharti Airtel's about Rs 41,000-crore of adjusted gross revenue (AGR) dues will not be converted into equity automatically as the telco's application for such conversion will go through a scrutiny at the Department of Telecom (DoT), an official source said on Friday. Bharti Airtel has sought conversion of its AGR dues of around Rs 41,000 crore, including interest liability, into equity in line with the relief given to debt-ridden Vodafone Idea by the government. "The application does not mean that it will be processed automatically. It needs to be evaluated and scrutinised before any final decision is made," the source said. An e-mail seeking comments from Bharti Airtel elicited no reply. The government has given relief to Vodafone Idea by converting its dues worth Rs 53,000 crore into equity ownership in the company. The government has recently increased its stake in Vi to 48.99 per cent from 22.6 per cent by converting dues worth Rs 36,950 crore. Earlier, the government had ...

Jio adds 1.76 mn subscribers in Feb, Vi losses shrink to 20K users: Trai

Vodafone Idea (Vi) continued to lose subscribers, albeit at a much slower rate

Bharti Hexacom hits all time high after 400 MHz deal with Adani firm

Bharti Hexacom share price: The company along with Bharti Airtel inked agreements with Adani Data Networks Limited, a subsidiary of Adani Enterprises to acquire rights to use 400 MHz of spectrum.

Airtel powers 5G service with spectrum buy from Adani Data Networks

Bought by ADN in the 2022 5G auctions, the airwaves are in the sought-after 26 GHz band

Airtel to acquire 400 MHz spectrum from Adani Enterprises in 5G boost

Adani Data Networks secured the right to use 400 MHz of spectrum in the 26 GHz millimetre wave band in August 2022. However, the company never rolled out its 5G services

Bharti Airtel gained 1.65 million subscribers in January, says Trai

Jio controlled nearly 85 per cent of all 5G fixed wireless access connections

Airtel expands alert coverage to int'l calls, SMS to combat fraud calls

Bharti Airtel on Monday announced two new features in its ongoing offensive against spam, as it expanded detection coverage to international calls and SMSes and introduced spam alert display in ten Indian languages. Airtel said it expects to nullify the growing and alarming trend of spam calls originating and being funnelled through international networks into India by fraudsters amid a 12 per cent rise in such attempts in the last six months. "Following the launch of its AI-powered spam detection tool that flagged over 27.5 billion calls as spam to its customers, Airtel today announced the introduction of two significant enhancements aimed at staying ahead of spammers," the company said in a release. Customers will now receive spam alerts for calls and SMS messages in their preferred Indian languages. "This new feature will be available in nine vernacular languages, with plans to add more in the future," the release noted. Further, Airtel's AI-powered tool will now screen and ale

Mcap of 10 top valued firms jumps ₹3.84 trn; HDFC, Airtel biggest gainers

The combined market valuation of the top-ten most valued firms jumped by a whopping Rs 3,84,004.73 crore in the holiday-shortened last week, in-tandem with a smart rally in equities, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex jumped 3,395.94 points or 4.51 per cent, and the NSE Nifty surged 1,023.1 points or 4.48 per cent. Markets witnessed a robust recovery and surged over 4.5 per cent in the holiday-shortened week, driven by favorable cues from both domestic and global fronts, Ajit Mishra SVP, Research, Religare Broking Ltd, said. "The rally was primarily fueled by optimism surrounding the deferral of tariffs and recent exemptions on select products, raising hopes for potential negotiations that could mitigate the impact on global trade. "As the week progressed, market participants responded positively to a slew of favorable developments, including updates on a normal monsoon, easing retail inflation -- which raised hope

Bharti Airtel hits record high, stock rallies 3%; market cap tops ₹ 11 trn

Bharti Airtel is now ranked 4th on the Indian stock exchanges in terms of market-cap; the stock has rallied nearly 15% in the last one month.

Airtel teams up with Blinkit to offer 10-minute SIM card home delivery

A first-of-its-kind service by a telco, the services are now live in 16 cities in the country, with plans to add more cities and towns over a period of time

Now, get an Airtel SIM delivered at your doorstep in 10 mins via Blinkit

Airtel partners with Blinkit to offer 10-minute SIM card delivery in 16 cities; service includes prepaid, postpaid, and number portability with Aadhaar-based eKYC

Airtel, Bajaj Finance, IndiGo: At new highs; are they worth your portfolio?

Technical charts suggest that shares of Bharti Airtel, Bajaj Finance and IndiGo can potentially appreciate another 15% from present levels; here are the key support and resistance levels to track.

CLSA bullish on Airtel, Tata Comm; sees data business driving growth

CLSA assigned a target price of ₹1,890 apiece for Bharati Airtel and ₹2,070 per share for Tata Communications

Airtel prepays additional spectrum dues of Rs 5,985 cr for 2024 auctions

Airtel subsidiary redeems $1 billion worth of perpetual bonds

Bharti Airtel prepays additional Rs 5,985 crore of high-cost spectrum dues

Bharti Airtel and subsidiary Bharti Hexacom have prepaid an additional Rs 5,985 crore of high-cost spectrum liabilities to the government, the telco said on Wednesday. Airtel's subsidiary Network i2i has also voluntarily called and redeemed USD 1 billion in 'perpetual debt securities'. "Bharti Airtel and its subsidiary Bharti Hexacom have prepaid additional Rs 5,985 crore to the Department of Telecom thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions," the Sunil Mittal-led company said. Network i2i Ltd has also voluntarily called and redeemed USD 1 billion in 'Perpetual Notes'. "Underscoring its commitment to financial prudence, operational efficiency, and its strong capital position, Airtel continues to prepay its high-cost spectrum liabilities, lowering its debt and cost of debt," it said. Airtel has now prepaid Rs 25,981 crore of high-cost spectrum liabilities for the current 2025 fiscal year and has cumulatively prepaid

Jio, Airtel, Vi plan roll out of built-in caller ID to curb spam calls

Telecom operators like Jio, Airtel, and Vi have engaged vendors for a caller ID service on all smartphone screens without requiring any third-party app like Truecaller

Bharti Airtel managing director Gopal Vittal elected GSMA chairman

Vittal had already been serving as the acting chair of the GSMA board

Gopal Vittal elected GSMA chairman, second Indian to lead telecom body

Gopal Vittal has been a member of the GSMA Board for eight years in various capacities

Elon Musk-owned Starlink gets NOC to launch services in Pakistan

Interestingly, Elon Musk-owned X (formerly Twitter) is banned in Pakistan

Airtel Payments Bank crosses one billion transaction mark in Jan 2025

Airtel Payments Bank has surpassed one billion transactions on its platform in January 2025, reflecting a 47 per cent year-on-year growth in transaction volume across businesses, according to a top official. Anubrata Biswas, MD and CEO at Airtel Payments Bank told PTI that the "milestone" underscores increasing adoption of digital banking and payment solutions. It also highlights the diverse business model that the bank has built over the years. The bank caters to three key customer segments, urban digital, underbanked, and industries and institutions. "The bank's extensive digital presence combined with its deep distribution of over 5,00,000 banking points across India has been instrumental in making its services accessible to millions of customers in both urban and rural areas. Today, the Bank's monthly transacting users exceed well above 100 million," Biswas said. Airtel Payments Bank's 'Safe Second Account', which offers an additional layer of payment verification, has been ...