Bharti Airtel hit 52-week low of Rs 345, down 4%, trading at its lowest level since May 10, 2017 on the BSE.
Three large operators to have equal revenue share: Vittal
Post the deal, Bharti Airtel and Vodafone will jointly control the combined company
Ajay Chitkara has been appointed as Director and CEO, Airtel Business to spearhead the domestic and global enterprise business as one unit
The stock hit a 52-week low of Rs 356, falling 13.6% in past six trading sessions after RJio announced a new unlimited postpaid plan on Thursday May 10
Analysts say the performance in the recently concluded quarter was more resilient relative to expectations
Bharti Airtel shares were up 5% at Rs 425 per share, quoting higher for the seventh straight trading days on the BSE.
Bharti Airtel is investing over Rs 240 billion this financial year to upgrade its network (2G, 3G ) to 4g LTE as well as enable VOLTE which is trail stages in various metros
A merger of Telkom and Airtel will result in a new company with 77 megahertz of spectrum, compared with just 47 for Safaricom
The new plan comes bundled with free subscription to Airtel's OTT apps, one-year free subscription of Amazon Prime Video services, 1,000 GB of additional month data and data rollover facility
The Airtel Rs 649 infinity plan comes bundled with free subscription to Airtel's music streaming service Wynk, Airtel TV, Amazon Prime Videos subscription and handset damage protection for a year
Airtel has faced pressure from Reliance Jio Infocomm Ltd, which disrupted India's wireless industry in 2016 by launching free services
Falling tariffs in its India business, brought on by Reliance Jio's January offering, is the single biggest reason for the dismal show
Airtel VoLTE beta programme is currently live in West Bengal, Odisha, Assam, Kerala, Bihar, Punjab and Andhra Pradesh circles only
Analysts at UBS said Airtel had defended its market share and had the spectrum, capacity and willingness to invest that hold the key to emerge as a winner once the dust settles
The board of Bharti Airtel has approved to raise about Rs 165 billion through a mix of issuing non-convertible debentures (NCDs) and foreign currency bonds that will be used for refinancing of existing debt and spectrum liabilities.As per a regulatory filing by the company, the board has approved "issuance of NCDs of upto Rs 10,000 crore (Rs 100 billion) on a private placement basis in such tranches/series and at such rates as may be approved from time to time on cumulative basis along with all NCDs issued by the company," the filing said.Also, it added foreign currency bonds upto a limit of USD 1 billion (about Rs 64.82 billion) will be issued in one or more tranches. The company, which is in close competition with latest entrant Reliance Jio, has a consolidated net debt to the tune of Rs 917.14 billion at the end of December 2017.The company said its earlier approval of shareholders' obtained for issuance of NCDs upto Rs 100 billion is valid for a period of one year till March 31, ..
Besides this, board of directors of the company will meet on March 12 to consider fund raising opportunity for the company
With Africa turning profitable, Airtel is expecting a better valuation after listing
Bharti Airtel operates in 14 African countries and all the operations are managed by Bharti Airtel International (Netherlands) BV (BAIN)
At a time when consumers are talking about jumping on to the 5G bandwagon, ensuring consumer satisfaction and unstinting loyalty to the brand are some challenges for mobile operators