Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
1 month, 2 weeks ago

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Live Mint  

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees in the local-currency bond market, according to people familiar with the matter. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg. The borrowing is coming days after India’s second-largest wireless carrier Bharti Airtel Ltd., in which Bharti Telecom is the largest shareholder, reported a quarterly profit that trailed analysts estimates due to foreign exchange losses. A spokesperson for Bharti Telecom didn’t immediately respond to a request for comment.

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History of this topic

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment
5 days, 8 hours ago

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment

Deccan Chronicle  

Bharti Airtel on Thursday said it prepaid Rs 3,626 crore to the department of telecom to clear all its liabilities for spectrum it had acquired in 2016. “Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom clearing all its liabilities for spectrum it had acquired in 2016. In June, the Sunil Mittal-promoted telecom operator also prepaid all …

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016
5 days, 9 hours ago

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016

Live Mint  

Telecom major Bharti Airtel Ltd. announced on Thursday, December 19, that the company has paid off ₹3,626 crore in dues, which it owed to the Department of Telecom for the spectrums it acquired in 2016, according to an official statement. In the exchange filing, Bharti Airtel said that “it has prepaid ₹3,626 crores to the Department of Telecom clearing all …

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson
2 weeks, 6 days ago

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson

India Today  

India's Bharti Airtel on Wednesday signed a "multi-billion" dollar deal with Swedish telecom equipment maker Ericsson ERICb.ST to boost its 4G and 5G coverage in the world's second-largest smartphone market. Demand from India's 5G market started to skyrocket in 2023, as Bharti Airtel and Jio, the telecom unit of Reliance Industries, started to scale up 5G services. Ericsson, Bharti Airtel's …

Bharti Global completes acquisition of 24.5% of BT Group from Altice UK
1 month ago

Bharti Global completes acquisition of 24.5% of BT Group from Altice UK

The Hindu  

Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil Bharti Mittal, Chair of Bharti Enterprises said Bharti has long recognised the enormous potential of the business, as the telecom stalwart expressed his delight at completion of the transaction. …

Bharti Airtel Share Price Today on 05-11-2024: Bharti Airtel share price are down by -0.8%, Nifty up by 0.91%
1 month, 2 weeks ago

Bharti Airtel Share Price Today on 05-11-2024: Bharti Airtel share price are down by -0.8%, Nifty up by 0.91%

Live Mint  

Bharti Airtel Share Price Today on 05-11-2024: At 05 Nov 16:01 today, Bharti Airtel shares are trading at price ₹1578.85, -0.8% down from the previous closing price. On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at …

Bharti Airtel's Price on the Rise, but Nifty Shows Caution
1 month, 3 weeks ago

Bharti Airtel's Price on the Rise, but Nifty Shows Caution

Live Mint  

Bharti Airtel share price is up by 0.65% today, trading at ₹1647.55. The stock has hit a high of ₹1651.5 and a low of ₹1618 during the day. On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The company has a ROE of 9.36% & ROA of 1.92% respectively. …

Stocks to Watch: A Roundup of Potential Gains in the Market
1 month, 3 weeks ago

Stocks to Watch: A Roundup of Potential Gains in the Market

Live Mint  

The article focuses on a range of stocks with diverse industries, highlighting potential gains in the market. While some companies like Bharti Airtel, Adani Power, and Tata Technologies witnessed significant increases in their respective profits, others like BHEL and Indian Oil Corporation reported substantial declines. Conversely, companies like CarTrade Technologies and Federal Bank experienced substantial growth in their net profits.

Sunil Mittal’s JLR moment at BT isn’t likely any time soon – if at all
4 months, 1 week ago

Sunil Mittal’s JLR moment at BT isn’t likely any time soon – if at all

Live Mint  

Bharti Enterprises’s acquisition of a 24.5% stake in BT from embattled Franco-Israeli tycoon Patrick Drahi is being seen as Sunil Mittal’s Jaguar Land Rover moment. Incidentally, BT’s head of digital Harmeen Mehta previously worked at Bharti, and Kriby is reported to have pushed hard to secure the deal. Mittal’s other British interests include the opulent Gleneagles hotel and resort in …

After BT, Bharti may consider more opportunities in Europe: Mittal
4 months, 1 week ago

After BT, Bharti may consider more opportunities in Europe: Mittal

Live Mint  

The Bharti group’s European foray through a 24.5% share buy in BT Group Plc was a signal that Indian business groups like itself were ready to take the global stage, said Bharti Enterprises Ltd chairman Sunil Mittal, highlighting that the steps into global markets were backed by the Indian government. We operate in 16 countries already, and now, having the …

Bharti Enterprises to pick up 24.5% stake in UK’s British Telecom Group
4 months, 1 week ago

Bharti Enterprises to pick up 24.5% stake in UK’s British Telecom Group

Live Mint  

Bharti Enterprises, led by billionaire Sunil Bharti Mittal, will buy a 24.5% stake in British Telecom Group Plc, the UK's largest mobile and broadband services provider, the companies said in a statement Monday. Bharti Televentures UK Ltd, a wholly owned subsidiary of Bharti Enterprises’s international investment arm Bharti Global, will buy the equity from telecom services provider Altice UK, which …

Bharti to acquire about 24.5% stake in BT Group from Altice UK
4 months, 1 week ago

Bharti to acquire about 24.5% stake in BT Group from Altice UK

Hindustan Times  

Bharti Global, the international investment arm of Bharti Enterprises, will acquire about 24.5 per cent stake in BT Group, Britain's largest broadband and mobile company, from Altice UK, a release said on Monday. "Bharti Global, the international investment arm of Bharti Enterprises, a leading Indian business group with world-class companies in telecoms, digital infrastructure and space communications, has reached an …

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details
4 months, 1 week ago

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details

News 18  

Bharti Enterprises has agreed to buy around 24.5 per cent stake in BT Group from the British telecommunication firm’s top shareholder, Altice UK, the company said in a stock exchange filing on Monday. “We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the …

Centre Got Rs 11,300 Crores from India's Second Spectrum Sale
5 months, 4 weeks ago

Centre Got Rs 11,300 Crores from India's Second Spectrum Sale

Deccan Chronicle  

New Delhi: Witnessing a low demand from telecom operators, the Centre is likely to have garnered over Rs 11,300 crore from India’s second spectrum sale in selling airwaves across the bands, which ended in two days after seven rounds on Wednesday noon. Telecom giant Bharti Airtel emerged as the top bidder, which may have bought spectrum worth around Rs 9,000 …

Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know
5 months, 4 weeks ago

Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know

Live Mint  

Telecom operators have placed bids worth ₹11,000 crore on the first day of the spectrum auctions that saw five rounds of bidding, reported PTI quoting anonymous sources. “Telecom operators have placed bids of around ₹11,000 crore on Day 1. Telecom companies like Bharti Airtel Limited, Vodafone Idea Ltd, and Reliance Jio Infocomm Ltd, were the three to take part in …

Sunil Mittal recounts a 2018 assurance from PM Modi that helped Airtel ‘survive’: ‘Government will not take sides’
6 months, 3 weeks ago

Sunil Mittal recounts a 2018 assurance from PM Modi that helped Airtel ‘survive’: ‘Government will not take sides’

Hindustan Times  

Sunil Bharti Mittal said that an assurance in 2018 from Prime Minister Narendra Modi helped Airtel when the company was facing an "existential crisis". At the time, Sunil Bharti Mittal sought a meeting with the Prime Minister in which the latter assured him that the government would remain neutral and "not take sides". Sunil Bharti Mittal said that this was …

Airtel to buy Vodafone UK's stake in Indus Towers? 'Not in any discussion'
8 months ago

Airtel to buy Vodafone UK's stake in Indus Towers? 'Not in any discussion'

Hindustan Times  

Bharti Airtel said that it is "not in any discussion" to buy Vodafone UK's stake in Indus Towers. This comes after it was reported that Bharti Airtel is in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers. The Economic Times reported that discussions were stalled over valuation as Airtel was not willing to buy the stake at …

Bharti Hexacom share price slumps nearly 4% on resignation of two directors post IPO completion
8 months, 1 week ago

Bharti Hexacom share price slumps nearly 4% on resignation of two directors post IPO completion

Live Mint  

Bharti Hexacom share price slumped nearly 4% on Monday's session after Sanjeev Kumar and Surajit Mandol resigned from the company's board of directors on Friday, April 12. Bharti Hexacom share price opened at ₹785.05 apiece on BSE; the stock touched an intraday low at ₹783 and an intraday high at ₹791. On Friday, April 12, Bharti Hexacom share price made …

Bharti Hexacom Share Price: Bharti Hexacom shares debut at 32% premium over IPO price
8 months, 1 week ago

Bharti Hexacom Share Price: Bharti Hexacom shares debut at 32% premium over IPO price

Hindustan Times  

Bharti Hexacom Share Price: Shares of Bharti Hexacom made an stellar debut today as they listed with 32.4 per cent premium at ₹755 against the IPO price of ₹570 beating estimates of 12-15 per cent premium. Bharti Hexacom Share Price: Bharti Hexacom shares debut at 32% premium over IPO price Bharti Hexacom IPO subscription The issue had a robust subscription …

Bharti Hexacom Shares List At 32.46% Premium; Should You Buy, Sell or Hold?
8 months, 1 week ago

Bharti Hexacom Shares List At 32.46% Premium; Should You Buy, Sell or Hold?

News 18  

Bharti Hexacom Share Price: Bharti Hexacom shares made a bumper debut on the bourses today. The company’s IPO is entirely an offer-for-sale of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Bharti Hexacom’s Rs 4,275-crore IPO — India’s biggest public issue in one year — had garnered robust …

Bharti Hexacom IPO listing today: Here's what latest GMP indicates
8 months, 1 week ago

Bharti Hexacom IPO listing today: Here's what latest GMP indicates

Hindustan Times  

Bharti Hexacom IPO listing: The listing date of the initial public offering of Bharti Hexacom Limited is today. Bharti Hexacom IPO listing today: Bharti Hexacom IPO received a strong response from investors during its three-day bidding phase. Bharti Hexacom IPO subscription Bharti Hexacom IPO received a strong response from investors during its three-day bidding phase which started on on April …

Bharti Hexacom GMP: As listing looms large, investors eye big numbers; know what Arun Kejriwal said
8 months, 1 week ago

Bharti Hexacom GMP: As listing looms large, investors eye big numbers; know what Arun Kejriwal said

Hindustan Times  

Bharti Hexacom listing is on Friday and after a great subscription drive, investors would be looking at the market numbers tomorrow to see if their hunches about the counter have come true. For the moment, everyone’s eyes are on Bharti Hexacom GMP and the grey market premium is definitely making hopes rise even though there is nothing there that is …

Bharti Hexacom IPO: Shares To Make Market Debut Tomorrow
8 months, 1 week ago

Bharti Hexacom IPO: Shares To Make Market Debut Tomorrow

ABP News  

Bharti Hexacom IPO Bharti Hexacom, a subsidiary of Bharti Airtel, is poised to enter the stock market on Friday, April 12, 2024, following the closure of its initial public offering last week. The IPO garnered massive investor interest, with subscription rates reaching a remarkable 29.88 times by the deadline on April 5, highlighting the market's enthusiasm for the telecom arm. …

Bharti Hexacom IPO Day 1 subscription status: Booked only 0.04 times so far
8 months, 3 weeks ago

Bharti Hexacom IPO Day 1 subscription status: Booked only 0.04 times so far

Hindustan Times  

The initial public offering of Bharati Hexacom received a tepid response on the first day of bidding today. Bharti Hexacom IPO: The public issue is the first in FY25 and is purely an offer-for-sale. Bharti Hexacom IPO key dates: The Bharti Airtel subsidiary's IPO opened for subscription on April 3 and will close on April 5. Bharti Hexacom IPO details: …

Bharti Hexacom IPO opens today: 5 things to know before subscribing
8 months, 3 weeks ago

Bharti Hexacom IPO opens today: 5 things to know before subscribing

Hindustan Times  

Bharti Airtel's subsidiary Bharti Hexacom's initial public offering opens for subscription today. Bharti Hexacom IPO: The initial public offerings will close for subscription on April 5. For the six months ended September, Bharti Hexacom reported a revenue of ₹3,420 crore, compared to ₹3,167 crore a year ago. The shares of Bharti Hexacom IPO are trading at a premium of ₹47 …

Bharti Hexacom IPO, first in 2024-25 fiscal, opens for subscription on this date
8 months, 3 weeks ago

Bharti Hexacom IPO, first in 2024-25 fiscal, opens for subscription on this date

Hindustan Times  

Bharti Hexacom, the arm of Bharti Airtel, will open its initial public offering for subscription on April 3. According to the report, the IPO comprises an offer-for-sale of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Bharti Airtel holds 70 per cent stake and the remaining 30 per …

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue
9 months ago

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue

Hindustan Times  

Bharti Hexacom, which is owned by telecom major Bharti Airtel, could likely bring its IPO in April first week, seeking valuation of over ₹28,000 crore, CNBC-TV18 reported. The IPO size could be around ₹4,300 crore, the report added after Bharti Hexacom received approval from the Securities and Exchange Board of India to go ahead with its IPO plans. Bharti Hexacom …

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore
9 months, 2 weeks ago

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore

Hindustan Times  

Singapore Telecommunications on Thursday said it has sold a 0.8% stake in Bharti Airtel for S$950 million to U.S. investment firm GQG Partners. SingTel, through its unit Pastel, sold 49 million or 0.8% of the outstanding shares in Airtel, also effectively reducing its stake in the telecom operator by 0.8 percentage points, it said in a statement. "The Group is …

Bharti Airtel Q2 profit declines on one-time charge
1 year, 1 month ago

Bharti Airtel Q2 profit declines on one-time charge

The Hindu  

Bharti Airtel on Tuesday reported a steep drop in second-quarter profit, hurt by a one-time charge, but its revenue rose as it added more 4G and 5G subscribers. The latest quarter’s results included a one-time charge of ₹13.50 billion as interest payable on an additional tax provision amount related to a Supreme Court ruling on variable licence fees. Airtel and …

Bharti Airtel Q1: Net profit flat at ₹1,612 cr, ARPU improves to ₹200
1 year, 4 months ago

Bharti Airtel Q1: Net profit flat at ₹1,612 cr, ARPU improves to ₹200

Live Mint  

Bharti Airtel Q1 Results: Bharti Airtel announced its April-June quarter results for fiscal 2023-24 on August 3, reporting a net profit of ₹1,612 crore, which came nearly flat compared to ₹1,607 crore in the corresponding period last year. The average revenue per user per month, a crucial metric used by telecom companies to measure revenue generation, increased 9.28 per cent …

Bharti Airtel clears Rs 8,024 crore spectrum liabilities through prepayment
1 year, 4 months ago

Bharti Airtel clears Rs 8,024 crore spectrum liabilities through prepayment

India TV News  

Bharti Airtel has announced that it has prepaid Rs 8,024 crore to the Department of Telecom as a part of the deferred liabilities for the spectrum, acquired in the auction which was held in 2015. In the previous year's auction, Airtel acquired 19867.8 MHz spectrum in various frequency bands, including 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 …

Bharati Airtel evaluating offshore bond issue; likely to raise up to $1 billion
1 year, 6 months ago

Bharati Airtel evaluating offshore bond issue; likely to raise up to $1 billion

Live Mint  

Telecom major Bharti Airtel is considering an offshore bond issue and is likely to raise up to $1 billion, two people aware of the matter told Economic Times. As per the report, this comes as the telecom giant plans to refinance high cost debt, strengthen its balance sheet and also cover some of its 5G capital expenditure requirements. Meanwhile, market …

Bharti Airtel Q4 Profit Beats Estimates; Should you Buy, Sell or Hold the Telecom Stock?
1 year, 7 months ago

Bharti Airtel Q4 Profit Beats Estimates; Should you Buy, Sell or Hold the Telecom Stock?

News 18  

Bharti Airtel Share Price: Shares of Bharti Airtel were trading higher on Wednesday morning, a day after the company announced its March quarter earnings. Bharti Airtel reported a 50 per cent jump in consolidated net profit at Rs 3,006 crore for the quarter ended March 2023 from Rs 2,008 crore a year back. Revenue was up 1 per cent sequentially, …

Bharti Airtel to increase mobile phone call and data rates across all plans this year
1 year, 9 months ago

Bharti Airtel to increase mobile phone call and data rates across all plans this year

Hindustan Times  

Bharti Airtel is looking to raise mobile phone call and data rates across all plans this year, telecom firm's Chairman Sunil Bharti Mittal said here. Mittal said India's focus on economy and infrastructure is paying rich dividends to the companies. Mittal said the government has done a lot to make telecom industry infrastructure healthy with support to BSNL and Vodafone …

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?
1 year, 10 months ago

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?

News 18  

Telecom major Bharti Airtel stock fell around 2 per cent in early deals after it announced its Q3 results, which missed analyst estimates. Bharti Airtel reported 92 per cent surge in consolidated net profit at Rs 1,588 crore for the quarter ended December 2022 as against Rs 830 crore in the same quarter of the previous year, helped by the …

Airtel has no plans to introduce 5G premium pricing
1 year, 11 months ago

Airtel has no plans to introduce 5G premium pricing

The Hindu  

Telecom operator Bharti Airtel has plans to invest ₹27,000-₹28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. When asked whether Airtel will look at charging a premium for 5G services, the official said that the premium price for 5G has not worked anywhere in the world and the company is also not …

Stocks to Watch: Indigo, Zee Entertainment, Airtel, TCS, Maruti Suzuki, Mindtree
2 years, 3 months ago

Stocks to Watch: Indigo, Zee Entertainment, Airtel, TCS, Maruti Suzuki, Mindtree

Live Mint  

Here is the list of top 10 stocks that will be in focus today InterGlobe Aviation: Rakesh Gangwal, the co-founder of India’s biggest airline, IndiGo, will sell up to a 2.8% stake in Interglobe Aviation Ltd through a block deal that will fetch him at least $250 million, according to deal terms reviewed by Mint. Bharti Airtel promoter Bharti Telecom …

Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore
2 years, 3 months ago

Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore

India TV News  

Highlights The deal would amount for 2.25 billion Singapore dollars or about Rs 12,895 crore The acquisition is to be completed over a period of 90 days The development was confirmed by Bharti Airtel in a regulatory filing on Thursday Bharti Airtel promoter Bharti Telecom will buy a 3.33-per cent stake from Singtel for 2.25 billion Singapore dollars or about …

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation
2 years, 4 months ago

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation

Op India  

On Thursday, the Bharti Airtel founder and Chairman Sunil Bharti Mittal lauded the PM Modi led-government for ease of doing business after the company received an allocation letter for the designated 5G spectrum within hours of payment of the dues. Reports mention that the Department of Telecommunications has received an upfront payment of around Rs 17,876 crore from companies including …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 4 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

The Hindu  

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. "Airtel paid ₹8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. The Department of Telecom has received payment of around ₹17,876 crore …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 4 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

India TV News  

Highlights Airtel receives spectrum allocation letter within few hours of making upfront payment Bharti Enterprises founder and chairman Sunil Bharti Mittal hailed ease of doing business This is the first time ever that DoT has handed out spectrum allocation letter Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises …

Airtel pays 5G spectrum dues for 4 years in upfront
2 years, 4 months ago

Airtel pays 5G spectrum dues for 4 years in upfront

Hindustan Times  

Telecom operator Bharti Airtel on Wednesday said it has paid ₹8,312.4 crores to the Department of Telecom in upfront towards dues for spectrum acquired in the recently concluded 5G auctions. "The company believes that this upfront payment coupled with the moratorium on spectrum dues and AGR-related payments for four years will free up future cash flows and allow Airtel to …

Airtel pays Rs 8,312.4 cr to DoT to clear 4-yr instalment in advance for 5G spectrum
2 years, 4 months ago

Airtel pays Rs 8,312.4 cr to DoT to clear 4-yr instalment in advance for 5G spectrum

India TV News  

Highlights Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom Payment was made towards dues for spectrum acquired in the recently concluded 5G auctions Airtel has paid four years of 2022 spectrum dues upfront Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the …

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal
2 years, 4 months ago

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal

News 18  

New Delhi: Telecom operator Bharti Airtel will start rolling out 5G services this month and cover all towns and key rural areas of the country by March 2024, a senior company official said on Tuesday. Vittal said the company's capital expenditure will remain around the existing levels and played down the need for buying premium spectrum in the 700 megahertz …

Bharti Airtel stock plunges 5%
2 years, 5 months ago

Bharti Airtel stock plunges 5%

The Hindu  

Bharti Airtel shares plunged 5.03% to ₹660.30 on the BSE while Vodafone Idea gained 3.44% to ₹8.72. The Adani Group had clarified that it would not enter the consumer mobility space, but that its bid for 5G spectrum auction would be to provide private network solutions along with enhanced cybersecurity in the airport, ports & logistics, power generation, transmission, distribution …

Bharti Airtel Q4 profit zooms to Rs 2008 crore, announces Rs 3 dividend
2 years, 7 months ago

Bharti Airtel Q4 profit zooms to Rs 2008 crore, announces Rs 3 dividend

India TV News  

Bharti Airtel, India's second-largest telecom operator, has posted more than twofold year-on-year jump in its consolidated net profit for the March quarter to Rs 2,008 crore. "The net exceptional gain of Rs 9,062 million during the quarter ended March 31, 2022 comprises of gain on account of sale of telecom tower assets of Rs 7,593 million, gain on account of …

Bharti Airtel Q4 net profit zooms to ₹2,008 crore
2 years, 7 months ago

Bharti Airtel Q4 net profit zooms to ₹2,008 crore

The Hindu  

India's second largest telecom operator Bharti Airtel on Tuesday posted over two-fold jump in its consolidated net profit to ₹2,008 crore for the March quarter. Airtel's revenue from operations rose 22.3% to ₹31,500 crore during the fourth quarter of FY2021-22, from ₹25,747 crore in the corresponding period of the previous year. For the full year FY22, the Sunil Mittal-led telco …

Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years
2 years, 10 months ago

Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years

India TV News  

Highlights Bharti Airtel has plans to spend about Rs 1.17 lakh crore through business transactions The company will hold an extraordinary general meeting of the members of the company on February 26 Bharti Airtel will spend Rs 88,000 crore in business with mobile tower company Indus Towers Telecom operator Bharti Airtel has plans to spend about Rs 1.17 lakh crore …

Google to invest $1 bn in Airtel to boost India play
2 years, 10 months ago

Google to invest $1 bn in Airtel to boost India play

Hindustan Times  

Google will invest as much as $1 billion in Bharti Airtel Ltd, India’s second-biggest telecom services provider, as the Internet giant redoubles efforts to increase smartphone access and accelerate digital transformation in the world’s second-most populous nation. People walk by a Google sign on the company's campus in Mountain View, California Alphabet Inc., the parent of Google, will buy a …

Bharti Airtel hikes prepaid tariff by up to 25%
3 years, 1 month ago

Bharti Airtel hikes prepaid tariff by up to 25%

The Hindu  

Bharti Airtel on Monday announced it was raising prepaid tariffs by up to 25% with effect from November 26, reasoning that the move had been necessitated by the need to increase mobile revenues so as to safeguard the business's financial health. “Bharti Airtel has always maintained that the mobile Average Revenue Per User needs to be at ₹200 and ultimately …

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