Page 8 - Bharti Airtel

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 ...

Best of BS Opinion: Policymaking must address real-life outcomes

Our editorials and columns today largely revolve around the role of policy decisions, both in government and the private sector, and how they affect the real world

Starlink's tie-ups with Jio, Airtel to reshape India's satellite broadband

In a surprise move earlier this week, Sunil Bharti Mittal-led Airtel announced a partnership Musk-led SpaceX to offer the Starlink service in India

Jio's home broadband subscribers 90% more than Bharti Airtel's: CLSA

Airtel expanded 5G FWA to 2,000 cities, 70% of Jio's new subs in the category from rural India

Starlink deal: Regulatory, pricing woes outweigh positives for Airtel, RIL

Airtel share price, RIL share price: Ambiguity over regulatory clarity may keep upside in the stocks restricted, analysts cautioned

Congress questions Starlink agreement, says PM Modi orchestrated deal

Elon Musk's SpaceX has entered into an agreement with telecom provider Airtel to introduce Starlink services in India. A day after Airtel, a deal was signed between Reliance's Jio Platforms and SpaceX

Starlink deal: Can the stars shine bright for Airtel, RIL? Chart check here

Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.

Can satellite internet end the digital divide? 91% of Indians believe 'yes'

Satellite internet is seen as a game-changer by 91% of Indians, as Jio, Airtel, and SpaceX gear up to revolutionise digital access

Starlink: How it differs from traditional networks, what it means for India

By partnering with Starlink, Jio and Airtel aim to extend telecom services and reliable internet to India's under-served regions

Ashwini Vaishnaw deletes social media post welcoming Starlink to India

Vaishnaw's remarks coincide with shifts in the Indian telecom industry, as Jio Platforms Ltd. and Bharti Airtel Ltd. have unexpectedly partnered with SpaceX to incorporate Starlink's services

Bharti Airtel transfers 69.94% stake in Airtel Payments bank to Airtel Ltd

Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday. "The shareholding of 69.94 per cent, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the Company's wholly-owned subsidiary (i.e. Airtel Limited), post receiving requisite regulatory and corporate approvals. The above is an internal reorganisation of shareholding in the Bank and has no impact on the ownership of the Bank," Bharti Airtel said in the filing. According to the filing, the requisite regulatory and corporate approvals with regard to the transaction have been received by the company. Airtel Payments had a turnover of Rs 1,835.8 crore in 2023-24. "The transfer of shareholding falls within the purview of related party transactions and shall be done at arm's length," the filing said.

Bharti Airtel, RIL shares rise upto 3% on deal with Elon Musk-backed SpaceX

Bharti Airtel rose as much as 3.37 per cent to hit an intraday high of Rs 1717.25 per share, while RIL share gained up to 1.13 per cent to hit an intraday high of Rs 1,261.55

After Airtel, Jio inks pact with SpaceX for Starlink internet in India

Reliance Jio partners with SpaceX to bring Starlink internet to India, a day after rival Bharti Airtel signed a similar deal

Telecom subscriber base grows to 1,189.92 million in Dec; Jio tops: Trai

The total telephone subscriber base in India grew marginally to 1,189.92 million in December 2024 with Jio adding the highest number of subscribers in both mobile and fixed-line segments, a Trai report released on Tuesday said. Total telephone subscribers stood at 1,187.15 million in November, according to the Telecom Regulatory Authority of India (Trai). Reliance Jio Infocomm was the frontrunner with 476.58 million subscribers, followed by Bharti Airtel (289.31 million), and Vodafone Idea (126.38 million). While urban telephone subscriptions rose from 659.87 million in November to 663.37 million in December, rural subscriptions fell from 527.27 million to 526.56 million during the same period. Wireless subscribers grew from 1,148.65 million in November 2024 to 1,150.66 million in December 2024, at a monthly growth rate of 0.17 per cent. Wireless teledensity increased to 81.67 per cent at the end of December, against 81.59 per cent at the end of November. Reliance Jio added 3,906

PM Modi, Ranya Rao, Airtel-Starlink, US recession fears, Pakistan train hijak & more

PM Modi arrived in Mauritius today for a two-day state visit. He will be the Chief Guest at Mauritius’ National Day celebrations on March 12.